The following journal entry,in the books of Lessee Pty Limited,records the lease payment made at 30 June 2010.The actual lease payment,the present value of which was included in the calculation of minimum lease payments at the inception of the lease,is: 30 June 2010

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Since the lease payment was included in the calculation of minimum lease payments at the inception of the lease, the lease payment made at 30 June 2010 will be the same amount as the present value of minimum lease payments. We need to choose the option closest to the present value of minimum lease payments. Option D, 100,000, is the closest option in value to the present value of minimum lease payments. Therefore, the correct answer is D.

The Following Journal Entry,in the Books of Lessee Pty Limited,records