On 1 July 2021 Anemone Ltd leased equipment from Daffodil Ltd with a useful life of 9 years. The details of the lease contract are as follows:

Amount	Details
6 years	Duration of lease
$50,000	6 annual payments starting on 30 June 2022
$15,000	Exercise price of a reasonably certain purchase option
4%	Incremental borrowing rate for Anemone. It is not possible to determine the interest rate implicit in the lease

Required:

Please fill in the blanks.

The format of your answer MUST be as follows: $1,000,000.

Any present value calculations MUST be done using the present value Tables 1 and 2 from the Issues textbook. (Scanned copies are available on Blackboard in learning resources for weeks 3 and 4). Round to whole numbers.

What is the value of the lease payments calculated in accordance with AASB16 Leases? Please fill in your answer to the blank .

What is the reduction in lease liability recognised by Anemone at 30 June 2022? Please fill in your answer to the blank .

What is the amount of depreciation expense for the Right-of-use asset recognised by Anemone at 30 June 2022? Please fill in your answer to the blank .