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Hi Chris,
Could you clarify a question I have regarding question 1 of the CIMA F1 Chapter 11 Test
The question gives the fair price of the asset as $380 000, I see that this amount was used as the “right of use” value to calculate the depreciation. May fair price be used as the “right of use” and the lease liability value, value even if the PV differs? (in this case by about $1000).
Thank you
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