Alpine Ltd signed a 10-year non-cancellable lease with Mt Buller Ltd for the use of high-tech equipment.No bargain purchase option is provided in the lease contract. The following information is available.
What is the amount to be recorded as an asset and a liability in the books of the lessee that is in accordance with AASB 117 "Leases"?
A) $0;
B) $120 000;
C) $125 000;
D) $200 000;
E) None of the given answers
Correct Answer:
Verified
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