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Calculate the current liability to present in the statement

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Question - Vitelotte entered into a lease agreement on 1 October 2020 with payments of £1 0975 due each year, starting on 1 October 2020. The interest rate charged by the lessor is 7% and the present value of the lease payments is £45,000. Calculate the current liability to present in the Statement of financial position at 30 September 2021.

Reference no: EM133073121

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