Swift Corporation is leasing a machine from Gray, Inc. Swift's incremental borrowing rate is 13%. The prime

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Swift Corporation is leasing a machine from Gray, Inc. Swift's incremental borrowing rate is 13%. The prime rate of interest is currently 7%. Gray's implicit rate in the lease is 9%; Swift knows this rate. What interest rate should the lessee use to discount the lease payments under IFRS? 0 13% 0 7% 0% 9%

Posted Date: May 18, 2024 08:14 AM

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Swift Corporation is leasing a machine from Gray, Inc. Swift's incremental borrowing rate is 13%. The prime

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