Question 4 (2 marks)

Will Ltd leased plant (fair value 473,850). This five year finance lease is settled annually in

advance with payments of 109,890 and the implied interest rate is 8% p.a.

Lease current liabilities at the end of the third year are to nearest :

A) 75,376 B) 82,576;

C) 94,214 D) None of these;

Question 4 (2 marks) Will Ltd leased plant (fair value 473,850). This five year finance lease is settled annually in advance with payments of 109,890 and the implied interest rate is 8% p.a. Lease current liabilities at the end of the third year are to nearest : A) 75,376 B) 82,576; C) 94,214 D) None of these; Question 5 (2 marks)