11-7 Please answer all

Problem 11-7 (IFRS) ich the following terms at the end of each year at the end of each year 300.000 Om January 1, 2020, Northstar Company entered into an yar lease of a floor of building with useful life of 15 years Annual rental for the first three years payable Annual rental for the next five years payable PV of an ordinary annuity of 1 at 10% for three periods 10 PV of an ordinary annuity of 1 at 10% for five periods 2.49 3.79 0.15 The lease provides for neither a transfer of title to the lessee What is the lease liability on January 1, 2020? Implicit interest rate 400.000 PV of at 10% for three periods purchase option. nor a 1 a. 1,516,000 b. 2,263,000 1,884,000 d. 1,697,250 c. 2. What is the interest expense for 2020? a. 188,400 b. 226,300 c. 151,600 d. 169,725 3. What is the interest expense for 20232 a. 151,460 b. 126,606 c. 164,964 d. 200,000 4. What the lease liability on December 31, 2023? a. 1,614,604 b. 1,266,064 c. 1,366,064 d. 1,214,604 405