15. Himalayan Computer signed a 4-year lease agreement for a computer server on Jan-1, 2010. An annual lease payment is Rs. 2,500 to be paid each 31st December. Assuming that lease is a capital lease and based on an interest rate is 8%. Required: i. Calculate at which value the lease should be recorded in the books of Himalayan computer. Also, provide the journal entries to record the lease agreement. [4 marks] ii. Prepare lease amortization table using effective interest rate method. [4 marks] iii. Explain why the value of leased asset is not recorded as Rs. 10,000 (2500 x4) ? [2 marks]