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QUESTION 11 On 1 July 2021 Anemone Ltd leased equipment from Daffodil Ltd with a useful life of 8 years. The details of the

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QUESTION 11 On 1 July 2021 Anemone Ltd leased equipment from Daffodil Ltd with a useful life of 8 years. The details of the lease contract are as follows: Amount Details 6 years $100,000 $10,000 4% Duration of lease 6 annual payments starting on 30 June 2022 Exercise price of a reasonably certain purchase option Incremental borrowing rate for Anemone. It is not possible to determine the interest rate implicit in the lease Required: What is the value of the lease payments calculated in accordance with AASB16 Leases? Please fill in the blank $ What is the reduction in lease liability recognised by Anemone at 30 June 2022? Please fill in the blank $ What is the amount of depreciation expense for the Right-of-use asset recognised by Anemone at 30 June 2022? Please fill in the blank $

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