Oriole Ltd. entered into a lease on June 1, 2020. The lease term is six years and requires annual rental payments of $30,900 at the beginning of each year. Orioles incremental borrowing rate is 8% and the rate implicit in the lease is 9%. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE.

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Calculate the capitalized amount of the right-to-use asset if Oriole follows IFRS 16. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 5,275.75.)

Leased Asset

$

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Calculate the capitalized amount of the leased asset if Oriole follows ASPE. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 5,275.75.)

Leased Asset

$