Page 155 - F2 Integrated Workbook STUDENT 2019
P. 155
Leases
Example 6.5
Strangler hires a laptop on a 2 year lease with payments to be made as follows:
Year 1 $75
Year 2 $125
Strangler considers the laptop to be a low value item.
Required
Prepare extracts from the statement of profit or loss and the statement of
financial position for each of the two years.
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