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On January 1, 2019.P Corp entered into a 10-year lease. Annual lease payments are P1.000.000 payable at the end of each year. The lessor expects

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On January 1, 2019.P Corp entered into a 10-year lease. Annual lease payments are P1.000.000 payable at the end of each year. The lessor expects a 10% return on the lease. If the equipment is to have a guaranteed residual value of P500.000 at the end of the lease, how much is the lease liability on Dec 31, 2019? (use two decimal places) 0 5.754.000 5.968,000 O 6,335.000 6.140,000 S

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