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In a finance lease arrangement, DMC Ltd procured equipment valued at GHS 6 0 0 , 0 0 0 . The breakdown includes a principal

 In a finance lease arrangement, DMC Ltd procured equipment valued at GHS600,000. The breakdown includes a principal repayment of GHS450,000 and an interest cost of GHS150,000. The repayment period spans five (5) years, with annual principal repayments at GHS90,000 and annual interest costs at GHS30,000. The lease commenced in January 2020. What will be the written down value as at the end of the 2022 year of assessment?   Calculate.

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