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What amount will the company receive

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Reference no: EM132556637

Question - Crane Company maintains its accounting records using IFRS. The company recently signed a lease for a new office building, for a lease period of 10 years. Under the lease agreement, a security deposit of $34000 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 9% per year. What amount will the company receive at the time the lease expires?

a. $42997.

b. $80490.

c. $64600.

d. $21820.

Reference no: EM132556637

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