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Please solve this asap, Morris enters into an agreement to lease an asset on January 1, 2019. The term is for four years with lease

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Please solve this asap,

Morris enters into an agreement to lease an asset on January 1, 2019. The term is for four years with lease rentals of $2,000 payable on December 31 each year. The Present value of the lease payments is $5,710. The interest rate implicit in the lease is 15%. The Fair value of the leased asset at the time of the agreement is $5,800. 10. The amount of interest expense in the first rental payment is? a. $2,000 b. NIL C. 857 d. 5,710 11. The closing lease liability as at December 31, 2019 is? a. $3,710 b. 4,567 C. 3,252 d. None of the above 12. The amount of non-current and current lease liability to be presented in the balance sheet as at December 31, 2019 will be? a. $3,252 and $1,315 b. $3,252 and $0 C. $4,567 and $1,143 d. $3,252 and $857

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