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What amount to be shown within non-current liabilities

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Reference no: EM132925101

Question - Z entered into a five year lease agreement on 1 November 2020, paying RM10,975 per annum. The present value of the lease payments was RM45,000 and the interest rate implicit in the lease was 7%. What is the amount to be shown within non-current liabilities at 31 October 2021?

a. RM37,175

b. RM28,802

c. RM36,407

d. RM26,000

Reference no: EM132925101

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