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) Your answer is correct. 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 156,958 SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO VIDEO (b) X Your answer is incorrect. Try again. Calculate the capitalized amount of the leased asset if Carla Vista 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 143,997.99 LINK TO TEXT LINK TO VIDEO Attempts: 1 of 3 used