Question 4 3 pts On 1 January 2015, a company which prepares financial statements to 31 December each year acquires a machine on a finance lease. The fair value of the machine on 1 January 2015 is 280,000 and useful economic life is six years. The lease period is five years and the company is required to make five lease payments of 60,000 each. These payments fall due on 1 Jan each year. Discount rate is 4%. The company uses the sum of digit method in the allocation of finance charge. Identify depreciation charge for the year ending for 31 Dec 2015. 55,560 O 60,000 56,000 O 46,300 Question 5 3 pts On 1 January 2015, a company which prepares financial statements to 31 December each year acquires a machine on a finance lease. The fair value of the machine on 1 January 2015 is 280,000 and useful economic life is six years. The lease period is five years and the company is required to make five lease payments of 60,000 each. These payments fall due on 1 Jan each year. Discount rate is 4%. The company uses the sum of digit method in the allocation of finance charge. Identify the finance charge in Income Statement for year end 31 Dec 2015. O 22,200 O 20,000 8,880 O $11,100 Question 6 3 pts The directors of a company with a 31 December 2019 year end declare dividends on 15 January 2020 of 2,500,000. If the financial statements are approved for issue on 26 March 2020, how should these dividends be accounted for in the accounts to 31 December 2019? treated as an adjusting event and recognized as a liability Neither recognized nor disclosed treated as a non-adjusting event and disclosed in a note to the accounts O treated as a non-adjusting event and recognized as a liability