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Show the allocation of the finance charge

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Reference no: EM132857580

Question - Bright ltd entered into a lease agreement with quality machinery ltd on January 2014 for a new bottle washer tagged with the cash price of 47460 ghana cedis. The annual rental in advance is 13610 ghana cedis. Primary period is 4 yes and it depreciates in four year. Show the allocation of the finance charge using the actuarial method.

Reference no: EM132857580

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