Question
On 1 April 2024, a company enters into a 3-year lease
for machinery with annual lease payments of ₹5,00,000, payable at the end of each year. The incremental borrowing rate is 8% p.a. Calculate the present value of lease liability at inception.Solution
• PV factor (8%, 3 years) = 2.5771. • PV lease liability = ₹5,00,000 × 2.5771 ≈ ₹12,88,550 (rounded to ₹12.3L).
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