Loing SA, the acquiree, is the lessee under a lease that is neither short-term nor for a low-value asset. The remaining lease payments at the acquisition date are 55,000 in one year and 121,000 in two years. Case convention: the discount rate is 10 % (case data) and the contract is treated as a new contract at the acquisition date. Calculate the lease liability at the acquisition date.
- Payment in one year
- 55,000
- Payment in two years
- 121,000
- Discount rate
- 10 %