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Mid-year entry into a lease

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Mid-year entry into a lease

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by makeha.
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  • July 29, 2020 at 8:10 pm #578715
    ehte
    Participant
    • Topics: 6
    • Replies: 5
    • ☆

    Mid-year entry into a lease:

    Shaeen Ltd entered into an agreement to lease an item of plant on 1 October 20X8. The lease required four annual payments of $200,000 each, commencing on 1 October 20X8. 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%.

    Can anyone please help me performing lease amortization schedule for this problem?

    Thanks.

    February 25, 2022 at 5:19 pm #649342
    makeha
    Member
    • Topics: 0
    • Replies: 4
    • ☆

    questions and solution

    February 25, 2022 at 5:23 pm #649343
    makeha
    Member
    • Topics: 0
    • Replies: 4
    • ☆

    topic

    February 26, 2022 at 11:41 am #649385
    makeha
    Member
    • Topics: 0
    • Replies: 4
    • ☆

    answer

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