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On 1 July 2019, ABC Ltd leased a machine to DEF Ltd with the following terms: lease term is 4 years estimated economic life of
On 1 July 2019, ABC Ltd leased a machine to DEF Ltd with the following terms: lease term is 4 years estimated economic life of the leased asset is 6 years annual payment of $45,000, first payment due on 30 June 2020 residual value at the end of the lease term is not guaranteed by the lessee interest rate implicit in the lease is 8% the lease is classified as finance lease from lessor's perspective the lease asset is to be returned to the lessor at the end of lease term On 1 July 2020, the present value of the lease payments is: $115,969 O $234,288 $149,045 $180,000 A Moving to another question will save this response. MacBook Air 000 esc 80 F3 F2 F 15
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