- This topic has 1 reply, 2 voices, and was last updated 10 months ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Lease Payment
Sharene entered into an agreement to lease an item of plant on 1 October 2019. The lease required four annual payments of $200,000 each, commencing on 1 October 2019. The plant has a useful life of four years and is to be scrapped at the end of this period. The present value of the lease payments is $700,000. The implicit interest rate within the lease is 10%. What is the amount of right-of-use assets as at 31 March 2020?
Hi,
It usually helps if you attempt the question first and then I can help you with where you have gone wrong. I don’t like to just answer a question for you fully as this does not benefit your learning.
If you show me what you’ve done then I’ll gladly help you out.
Thanks