Crane Ltd$.$ entered into a lease on June $1,2023.$ The lease term is six years and requires annual rental payments of $$33,300$ at the

beginning of each year. Crane's incremental borrowing rate is $5\%$ and the rate implicit in the lease is $9\%.$

Question $2$ of $7$

Your answer is correct.

Calculate the capitalized amount of the right$-$of$-$use asset if Crane follows IFRS. $($Round factor values to $5$ decimal places, e$.$g$.$

$1\mathrm{.}25124$ and final answer to $2$ decimal places, e$.$g$.5,275\mathrm{.}75.)$

Leased asset $

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Attempts: $1$ of $3$ used

Question Part Score

$($b$)$

Calculate the capitalized amount of the leased asset if Crane follows ASPE. $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and

final answer to $2$ decimal places, e$.$g$.5,275\mathrm{.}75.)$