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Dad My Course Question 1 Netwered Marked out at 5.00 P Ras question On 1 July 2022. ABC Ltd enters into a four-year lease of a machine. ABC Ltd will pay fixed annual payments of years with the first payment on 30 June 2023 To enter the lease ABC Ltd incurs direct costs of $12.000 at the commencement of the lease term There is a bargain purchase price option (that ABC Ltd is willingt ise) for $30 000 at the end of the le The machine is expected to have a useful life of 10 years and no residual value. Lessee's incremental borre Required: . Determine the initial measure of the lease liability and right-of-use asset and prepare the related acco Prepare the lease payment schedule. 1 July 2022. ABC ild enters into a four-year lease of a machine. ABC Ltd will pay fixed annual payments of 390 000 for four ars with the first payment on 30 June 2023 enter the lease ABC Ltd incurs direct costs of $12.000 at the commencement of the lease term Fe is a bargain purchase price option that ABC Ltd is willing to exercise) for $30.000 at the end of the lease term machine is expected to have a useful life of 10 years and no residual value. Lessee's incremental borrowing rate: 10% red: smine the initial measure of the lease liability and right-of-use asset and prepa elated accounting journal entry. re the lease payment schedule. A BIU T