Reference no: EM133187740
Question - The following is an extract from a lease payment schedule for Lessee Pty Limited. Date Payment Interest @ 12% PV of Lease Liability at year end 30 June 2008 $10,000 $6,349 $49,256 30 June 2009 $10,000 $5,911 ? 30 June 2010 $10,000 $5,420 ? 30 June 2011 $10,000 $4,871? The lease payment each year at 30 June is $10,000. What are the amounts of (a) current liabilities; and (b) non-current liabilities, relating to this finance lease, disclosed by Lessee Pty Limited at 30 June 2010? Numbers have been rounded to whole dollars.
A. (a) current 3,651; (b) non-current 49,256
B. (a) current 4,089; (b) non-current 45,167
C. (a) current 5129; (b) non-current 35,458
D. (a) current 1,633; (b) non-current 17,040.
E. (a) current 5,420; (b) non-current 40,587