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Question 1 Carla Vista Ltd. entered into a lease on June 1, 2020. The lease term is six years and requires annual rental payments of
Question 1 Carla Vista Ltd. entered into a lease on June 1, 2020. The lease term is six years and requires annual rental payments of $32,100 at the beginning of each year. Carla Vista's incremental borrowing rate is 6% 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 OF 1. (a) x Your answer is incorrect. Try again. Calculate the capitalized amount of the right-to-use asset if Carla Vista 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 143,998.03
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