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Reconstruction Sonras- how is finance lease split arrived at

This topic has 2 replies, 2 voices, and was last updated 9 years ago by spartacus.

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March 15, 2016 at 1:04 pm #306467
spartacus
Member
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In the reconstruction Sonras (p144) the finance lease creditor is split from 70000 to
67150 and 2850 – how is this split arrived at?
March 16, 2016 at 8:49 pm #306713
P2-D2
Keymaster
- Topics: 4
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Hi,
Is it not split by using a finance lease payable table?
Thanks
March 17, 2016 at 2:39 pm #306805
spartacus
Member
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Solved – after looking at it again.
No it’s not – it is 70000 with an interest rate of 4.5% so that’s 3150 interest with a repayment of 6000 per annum – voila there’s the 2850 capital element (6000-3150).
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