Question
Classic Malibu Ltd decides to lease some machinery from Noosaville Ltd on the following terms: REQUIRED Determine the interest rate implicit in the lease. And
Classic Malibu Ltd decides to lease some machinery from Noosaville Ltd on the following terms: REQUIRED Determine the interest rate implicit in the lease. And show the calculation of Fair value.
Date of entering lease: 1 July 2019. Duration of lease: 10 years.
Life of leased asset: 10 years. Unguaranteed residual value: $15 000.
Lease payments: $10 000 at lease inception, $12 000 on 30 June each year for the next 10 years.
Fair value of leased asset at date of lease inception: $97 469.
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CyRM Mastering The Management Of Cybersecurity Internal Audit And IT Audit
Authors: David X Martin
1st Edition
0367757850, 978-0367757854
