[nguyen kim thanh]

sorry 3 years not 4 years

[nguyen kim thanh]

Redeem at par at year 3 to present value: 5,000,000 x 0.75= 3,750,000
Interest payable of 4 years to present value: 400,000 x 2.49 = 996,000
Total liability is 4,746,000 at present value
10% of 4,746,000 is 475,000

[nguyen kim thanh]

I can not see the attachment

so that I can not assist you

[nguyen kim thanh]

Please remember that now you can not take the cost of 500 at the 31 Mar. 20040
to caculate the addition of land and building. If no revaluation you calculate like this it is o.k

But when there is revaluation at 31 Mar. 2004 you have to take the new cost of land and building

That is 420+70=490 (You compare with 500 is completely wrong)

Therefore the difference 500-490=10

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