September 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

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.

Viewing 3 posts - 1 through 3 (of 3 total)

Author
Posts
March 15, 2016 at 1:04 pm #306467
spartacus
Member
- Topics: 2
- Replies: 1
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
- Replies: 7198
Hi,
Is it not split by using a finance lease payable table?
Thanks
March 17, 2016 at 2:39 pm #306805
spartacus
Member
- Topics: 2
- Replies: 1
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).
Author
Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.