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Financial Accounting II (MGT401)
Graded Discussion Board
Leasing – IAS 17
Learning Objectives: Students will be able to learn the basic principles of IAS 17.
Alex Limited has entered into a finance lease agreement by getting machinery from Grace Limited. Fair value of the machinery is Rs. 560,000. Lease term is of 4 years and lease rentals are payable quarterly. At the inception of lease, the present value of minimum lease payment (MLP) is Rs. 550,000 and the estimated unguaranteed residual value of the machinery is Rs. 12,000.
You are required to determine the amount at which lease liability will be recorded in the books of lessee. Support your answer as per provisions of IAS 17.
1. The GDB will remain open for 3 working days/ 72 hours.
2. Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
3. Obnoxious or ignoble answer should be strictly avoided.
4. Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.
For Detailed Instructions please see the GDB Announcement
Tariq Bahi plz help for this GDB. NO. 2 desperately need this guidence
kisi ny GDB kiya ha t0 plz share kar0
kisi ny mgt401 ki gdb ki hai k nai ?? mujy samaj nai aa rahi
k0i b nai ha eder help karny wala kya ???
MGT401 waly sb Nalaik hain kisi ko bhi nahi pata GDB ka!