Question

DF enters into a 10 year lease arrangement on 30 June 20x1 for portable fitness monitoring
devices to grant to its employees as part of its internal wellbeing and corporate
responsibility programme. Annual rental payments of $125,000 are to be paid however, as
an incentive to the lessee, the first 12 months are rent free. The lease was considered to be
for low value items by DF.
Calculate the charge to DF's statement of profit or loss in respect of the lease for the year
ended 31 December 20X1.

Answer 1

Answer:

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Explanation:

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