appropriase discount rate is the. Part one First, assume that the lease is treated as a finance lease. 1 Record the entry for the commencement of the lease agreement. Post the journal entry to the corresponding Traccounts. 2. Record the entrits foc amortsation expence and the first lease parment at the end of the first year of the Inase. Post journul entries to the coriespond ins T.uccounts. Note if there is no posting for a pournal reference isted ifave the anwer Dlanker add a iero. Note: If there is no posting for a joumal refecence listed, leave the answer blank or add a zero. appropiale dicount rate is 7 h: Part two