A company leased a motor vehicle on $1$ July $2021$ for a period of two years. The contract contains a lease. Instalments of R$14160$

are payable in arrears on $30$ June $2022$ and $30$ June $2023.$

The present value of the lease instalments on $1$ July $2021$ is R$23930$ and the implicit interest rate is $12\%.$

Working to the nearest whole number, the lease liability will be disclosed on the statement of financial position at $30$ June $2022$

as a

A$.$ Non$-$current liability of R$12642$

Non$-$current liablity of R$14160$

C$.$ Current liability of R$12642$

D$.$ Current liability of R$14160$