88 On 1 January 20X4, Jedi Plc entered into a finance lease for a machine with a fair value of GHS 2,050. Lease payments of GHS 500 are payable annually in advance for five years, starting on 1 January 20X4. Jedi Plc allocates finance charges on a sum-of-digits basis. According to IAS 17 Leases, what is Jedi Ple's non-current liability in respect of this finance lease as at 31 December 20X4? A B с D GHS 1,200 GHS 1,230 GHS 1,365 GHS 1,500

88 On 1 January 20X4, Jedi Plc entered into a finance lease for a machine with a fair value of GHS 2,050. Lease payments of GHS 500 are payable annually in advance for five years, starting on 1 January 20X4. Jedi Plc allocates finance charges on a sum-of-digits basis. According to IAS 17 Leases, what is Jedi Ple's non-current liability in respect of this finance lease as at 31 December 20X4? A B с D GHS 1,200 GHS 1,230 GHS 1,365 GHS 1,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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