Warnings appear when the time minutes, minuts and records Teman Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed at any point until the time has expired. The time will continue to run you leave the test This test does not allow backtracking Changes to the answer after submission are prohibited Your answers are saved automatically Remaining Time: 59 minutes, 43 seconds. Question Completion Status > Moving to the next question prevents changes to this answer. Question 1 of 10 1 points Save Anne Question 1 of years duration which The following journal entry, in the books of lessee Ply Limited, records the entry for the depreciation expertise at 30 June 2012. The lease term of the following statements is correct? 30 June 2012 Dr Lease depreciation expense 103 274 Cr Accumulated depreciation-leased asset 103 274 (to record depreciation expense (739 648 - 120 00076) The economic life of the asset is 6 years. It is reasonably certain that the lessee will obtain ownership of the asset at the end of the lease term It is reasonably certain that the lessee will not obtain ownership of the asset at the end of the lease term The economic life of the asset is 6 years, and it is reasonably certain that the lessee Will obtain ownership of the asset at the end of the lease term. Question 1 of 10 Moving to the next question prevents changes to this answer Need help with Study Skills? Workshops are occurring on each campus. Online: Click here to access the online Study Skills resource