Answered step by step
Verified Expert Solution
Question
1 Approved Answer
on 1 jan 2019 nacoh ltd hired a machine under a four lease year. a deposit of 700000 was payable on the commencement of the
on 1 jan 2019 nacoh ltd hired a machine under a four lease year. a deposit of 700000 was payable on the commencement of the lease on 1 jan 2019. a further 3 installment of 700000 are payable annually in advance. the present value of the future lease payment is 1871000. the rate implicit in 5he lease is 6% . what is the amount that will appear under the non current liabilities in repect of this lease inthe statement of financial position as at 31 decenber 2019
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started