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Forums › ACCA Forums › ACCA FR Financial Reporting Forums › ias 17
hii anyone can help plz!!
refering to question 2 in OT course notes, in the disclosure for reconciliations of obligations under finance lease s with the present value of the minimum lease payments, just wondering how did we get those figures?
payable within one yr 3000 gross or 2790 net
payable more than one year less than 5 yrs 12000 gross or 8793 net
payable more than 5 yrs 3000 gross and 1712 net
and the finance leases interest not yet accrued 4705
thnks in advnce
I think that you’ll find that 3,000 discounted for one year at the company’s cost of capital is 2,790. Similarly, 3,000 payable in 5 years time discounted at the cost of capital is 1,712.
Is that ok?