Multiple Choice
On 30 June 2015,Malta Ltd leased a vehicle to Tango Ltd.Malta Ltd had purchased the vehicle on that day for its fair value of $75 625.The lease agreement cost Malta Ltd $1200 to have drawn up and requires Tango to reimburse Malta for annual insurance costs of $945.The amount recorded as a lease receivable by Malta Ltd at the inception of the lease is:
A) $74 425.
B) $75 625.
C) $76 570.
D) $76 825.
Correct Answer:
Verified
Correct Answer:
Verified
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