On 1
July 20X1 Lessee Ltd leased some equipment from Lessor Ltd. The
details of the lease arrangement are as follows:
The
lease term was for 8 years
The
interest rate implicit in the arrangement was 6%
The
lessee paid an amount of $46,000 per annum to the lessor commencing
on 1 July 20X1
The
residual value at the end of the lease term was $25,000 of this, an
amount of $16,000 was guaranteed by the lessee
$2,000
is the amount of the residual value guarantee that was expected to
be payable by the lessee to the lessor at the end of the lease
term
The
lessee paid initial direct costs of $1257 at the commencement of
the lease
Write
in the box below the amount that would be recognised as the Right
of Use asset by Lessee Ltd at the commencement of the lease in
accordance with the requirements of AASB 16. Do not include any
spaces or dollar signs when you write your answer below.
the
correct answer is 305301, but I can not get correct answer, can
z
you
provide any answer steps?