Question: Small Ltd signed a 3-year contract with Big Ltd for the use of a factory on 1 July 2020 with the option to purchase the

Small Ltd signed a 3-year contract with Big Ltd for the

Small Ltd signed a 3-year contract with Big Ltd for the use of a factory on 1 July 2020 with the option to purchase the machinery at the end of the lease term. It is reasonably expected that Small Ltd will not exercise the bargain purchase option but returns the asset to the lessor. The leased machinery meets the criteria of a leased asset in accordance with AASB16 Leases. The following or the year ended 30 June 2021 (rounded to the nearest dollar) in accordance with the requirements of AASB 16 Leases? $36,857 $98,284 $36,857 $84,049

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