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Calculate the lease expenses for the year ended 31 December 2021 for Kwamashu Traders Pty Ltd) Kwamashu Traders Pty (Ltd) leases a desktop from

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Calculate the lease expenses for the year ended 31 December 2021 for Kwamashu Traders Pty Ltd) Kwamashu Traders Pty (Ltd) leases a desktop from Tayob Inc for a period of 24 months. This lease qualifies as a lease of a low value asset, and thus qualifies for the recognition exemption. Kwamashu Traders Pty (Ltd) chooses to apply the recognition exemption to this lease. The lease payment is R20 000 per month for the first year (2021) and R25 500 per month for the second year (2022). The lease commenced on 01 April 2021, Kwamashu Traders Pty (Ltd) has a 31 December year end. O AR200 000. O B. R204 750. O C. R306 000. OD. R240 000.

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