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Hi Sir
for the plant under financial lease, why the amortisation is 25 000/5 years? the question said 4 years. why the answer is 5 years?
thanksI’m going to ask you to read the second paragraph in note (ii) of the question and then tell me for how many years this plant is being leased
yes, does that means,5 years, this year and the following 4 years? sorry sir english is not my first language.
Don’t apologise – there’s no need!
Yes, when a question tells you that there has been a payment made with “a further four payments to be made” that’s just an alternative way of saying that “a payment has been made and there will be four more”
There – you’ve learned something that you may very well come across in the future!
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