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2. NAYA entered into a 10-year lease on 1 August 2018 under which it agreed to make annual payments of 12 million in arrears in

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2. NAYA entered into a 10-year lease on 1 August 2018 under which it agreed to make annual payments of 12 million in arrears in return for the use of a building. will not own the asset at the end of the lease period. The present value of the minimum lease payments was 80.52 million at 1 August 2018, and the useful economic life of the building was 50 years. NAYA's cost of capital is 6%. How much should be charged to Profit or Loss as finance costs for year ended 31 July 2019 under IFRS 16 Leases? (8 Points) None of the above 6.44 million 12.0 million Zero

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