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nt Tips Question 10 1 points Saved Savings Limited entered into a contract for the lease of equipment. The commencement date of the lease
nt Tips Question 10 1 points Saved Savings Limited entered into a contract for the lease of equipment. The commencement date of the lease is 1 June 2022 and the duration of the lease is for ten years. Savings Limited incurs commission and legal fees of R 1 741 directly related to the lease. The lease payments required to be made are as follows: R 5 250 on 31 May 2022 each year for ten years, commencing on 31 May 2023. If the interest rate implicit in the lease is 10%, calculate the value of the lease liability as at the commencement of the lease. OR 52 500 R 32 259 OR 35 485 OR 34 000
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