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1/ On 1 July 2020, Alex Company leased a vehicle from Fred Company. The vehicle cost Fred $47,095.20 considered to be its fair value on

1/ On 1 July 2020, Alex Company leased a vehicle from Fred Company. The vehicle cost Fred $47,095.20 considered to be its fair value on that same day. The PV of the lease payment by Alex Ltd on this d...

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