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On Jan 1, 2021. Z Corp leased equipment for 4 years. Lease payments are P40,000 payable at the end of the year. At the end
On Jan 1, 2021. Z Corp leased equipment for 4 years. Lease payments are P40,000 payable at the end of the year. At the end of the lease term. Z corp has the option to buy the equipment for an additional payment of P50,000. The equipment has a useful life of 10 years. Z does not expect to exercise such an option. Implicit interest rate is 8%. How much is the annual depreciation for the equipment? To 16.923 0 33121 28.310 3523
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