sharene entered into an agreement to lease an item of plant on 1st october 2019. The lease
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sharene entered into an agreement to lease an item of plant on 1st october 2019. The lease required four annual payments of 200,000 each, commencing on 1st october 2019. The plant has a useful life of four years and is to be scrapped at the end of this period. The present value of the lease payment is 700,000. The implicit interest rate within the lease is 10%. what is the amount of right-use of the asset as at 31st march 2020?
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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