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Calculate the lease payable for Kwamashu Traders Pty Ltd) for the year ending 31 December 2021, Owamasha Traders Pty Ltd) leases a desktop from
Calculate the lease payable for Kwamashu Traders Pty Ltd) for the year ending 31 December 2021, Owamasha 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 A. 825 125 OB R66 000 OC R60 000 D.R24 750
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