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Question 9 Fredo Ltd leased plant (fair value of 275,000). This five year finance lease is settled annually in arrears with payments of 79,750 and

Question 9
Fredo Ltd leased plant (fair value of 275,000). This five year finance lease is settled
annually in arrears with payments of 79,750 and the implied interest rate is 9% D.a.
Lease liabilities at the end of the second year are nearest:
A. 143,850
B. 154,750
C. 160,050
D. None on these
could you please explain how you arrived to you conclusion. thank you.
image text in transcribed
Question 9 Fredo Ltd leased plant (fair value of 275,000). This five year finance lease is settled annually in arrears with payments of 79,750 and the implied interest rate is 9% p.a. Lease liabilities at the end of the second year are nearest: A. 143,850 B. 154,750 C. 160,050 D. None on these (2 marks)

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