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This is my question of Accounting subject Financial Accounting Reporting. this question related to IAS 16 Lease. can you help me answer this question. (i)

This is my question of Accounting subject Financial Accounting Reporting. this question related to IAS 16 Lease. can you help me answer this question.

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(i) B son bhd acquired a plant on lease from L son bhd on following terms: Down Payment RM 10,000 Annual Payments (at end of year) RM 20,000 Lease Term 5 years Interest rate implicit in the lease 10% per annum Residual value guaranteed by B son bhd RM 10,000 Estimated residual value at end of lease term RM 15,000 Required: Calculate lease liability for B sdn bhd

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