A logistics warehouse is leased out by Ombrelle under a five-year operating lease. The lease payments, payable on 1 January of each year, are stepped: 100,000 in the first year, 110,000 in the second, 120,000 in the third, 130,000 in the fourth and 140,000 in the fifth. No other systematic basis is more representative than the straight-line basis. Determine Ombrelle's annual lease income and the accrued income asset at the end of the second year.
- Payment for the first year
- 100,000
- Payment for the second year
- 110,000
- Payment for the third year
- 120,000
- Payment for the fourth year
- 130,000
- Payment for the fifth year
- 140,000