Question: Pernia Ltd signed a 4-year contract with Comp Ltd for the use of a customised machinery on 1 July 2020. Pernia Ltd intends to return

 Pernia Ltd signed a 4-year contract with Comp Ltd for the

Pernia Ltd signed a 4-year contract with Comp Ltd for the use of a customised machinery on 1 July 2020. Pernia Ltd intends to return the asset at the end of the lease term. The leased machinery meetc the criteria of a leaced accet in arrordanre with ASR1 L lences The following information 'ernia Ltd that is in accorudnce WILI AADD 0 Leases UII sU June U : $64,886 $214,876 $286,251 $71,375

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