The following is an extract from a lease payment schedule for Lipton Pty Limited.What is the present value of the lease liability at 30 June 2012? $$\begin{array} { | r | r | r | c | }
\hline { \text { Date } } & \begin{array} { l }
\text { Lease } \
\text { payment }
\end{array} & \begin{array} { l }
\text { Interest } \
\text { expense }
\end{array} & \begin{array} { l }
\text { Present value of } \
\text { lease liability }
\end{array} \
\hline \text { 1-Jul-11 } & & & 17039 \
\hline 30 - J u n - 12 & 3500 & 1704 & ? \
\hline
\end{array}$$

Question

The following is an extract from a lease payment schedule for Lipton Pty Limited.What is the present value of the lease liability at 30 June 2012? $$\begin{array} { | r | r | r | c | } 
\hline { \text { Date } } & \begin{array} { l } 
\text { Lease } \
\text { payment }
\end{array} & \begin{array} { l } 
\text { Interest } \
\text { expense }
\end{array} & \begin{array} { l } 
\text { Present value of } \
\text { lease liability }
\end{array} \
\hline \text { 1-Jul-11 } & & & 17039 \
\hline 30 - J u n - 12 & 3500 & 1704 & ? \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of The following is an extract from a lease payment schedule for Lipton Pty Limited.What is the present value of the lease liability at 30 June 2012? $$\begin{array} { | r | r | r | c | } 
\hline { \text { Date } } & \begin{array} { l } 
\text { Lease } \
\text { payment }
\end{array} & \begin{array} { l } 
\text { Interest } \
\text { expense }
\end{array} & \begin{array} { l } 
\text { Present value of } \
\text { lease liability }
\end{array} \
\hline \text { 1-Jul-11 } & & & 17039 \
\hline 30 - J u n - 12 & 3500 & 1704 & ? \
\hline
\end{array}$$

The Following Is an Extract from a Lease Payment Schedule