Barbie has leased an item of plant under the following terms: Commencement of the lease - January 1, 2019, Term of the lease - 5 years Annual payments in advance - P12,000 Cash price and fair value of the asset - P52,000 Implicit interest rate - 8% per annum Depreciation policy - 20% per annum The total lease-related expenses for the fiscal year ended September 30, 2020, is