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Question 45 Not yet answered Tiger mart Oman Company signed a 7 years lease agreement for a Motor truck in 2015 and the annual payment
Question 45 Not yet answered Tiger mart Oman Company signed a 7 years lease agreement for a Motor truck in 2015 and the annual payment was RO 22,650 at the beginning. The other terms are no residual value, fair value estimated at RO 132,500, interest rate is 9.5% and straight line method is applied. The PV (Present Value) is calculated as RO. 122,759. Analyze the above scenario of lease, calculate and show the Principal payment as per the Amortization table for the Year 2? Marked out of 1.00 P Flag question a. RO 5,398 b. RO 13,140 c. RO 8,262 d. RO 14,388
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