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Z entered into a finance lease agreement on 1 November 20X2. The lease was for five years, the fair value of the asset acquired

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Z entered into a finance lease agreement on 1 November 20X2. The lease was for five years, the fair value of the asset acquired was $45,000 and the interest rate implicit in the leasewas 7%. The annual payment was $10,975 in arrears. What is the amount to be shown within non-current liabilities at 31 October 20X3?

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