[joana0111]

Hi Cookie remember with leases if payment is in advance the $35000 lease payment we treat it as having paid before year 1 sort of year 0. So when you come to calculate your liability for year ending 31.12X8 your bfwd bal at beginning of the year is $85000 less the 35000 (advance pamnt for y/e X9) plus your interest (11.42% on the $85k) that’s how they got the $59707.

[joana0111]

@nivcool said:
hey i have mock exam and answers for all papers,just give give me yo email address and i send it to you,if u still dont understand how they answered it,u can contact me and i’ll explain

@nivcool thank you managed to get a copy of the answers.

@everyone Goodluck on thursday

[Author]

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