on 1 jan 2019 nacoh ltd hired a machine under a four lease year. a...

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Accounting

on 1 jan 2019 nacoh ltd hired a machine under a four lease year. a deposit of 700000 was payable on the commencement of the lease on 1 jan 2019. a further 3 installment of 700000 are payable annually in advance. the present value of the future lease payment is 1871000. the rate implicit in 5he lease is 6% . what is the amount that will appear under the non current liabilities in repect of this lease inthe statement of financial position as at 31 decenber 2019

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