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# Past Papers Examples Discussion & Preparation

Let's Discuss & solve here past papers examples:

Leasing

A Limited Company acquired an asset on lease; the fair value of the asset is Rs. 59,738. The Company has to pay Rs. 10,000 as down payment and Rs. 20,000 annually for three years. The interest rate implicit in the lease is 10% p.a. You are required to calculate the present value of Minimum Lease Payment….5 marks

Please have a look & correct me if I am wrong or missing any part.

Soluion:

 Fair Value / Cost 59,738 No of Installments 3 Installment Amount 20,000 Down Payment 10,000 IRR p.a 10.00 Principal Outstanding (68,000  - 10,000) 49,738

 Lease Rent Financial Charge Principal Principal Outstanding 49,738 20,000 4973.8 15,026 34,712 20,000 3471 16,529 18,183 20,000 1818 18,182 1 60,000 10,263 49,737

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### Replies to This Discussion

Please post your solved examples here to prepare for the final term

 Principal Outstanding (68,000  - 10,000) 49,738

ye 68000 kahan se ayi, 49,738 is ri8 ans. but ap ke mutabiq to 58000 ata he....?

sorry woh amount dosray example ki thi, it's 59,738 -10,000 = 49,738

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