Homework Answers
| Year | Annual Payment | Interest | Decrease in Balance | Balance at end |
| 20x2 | 1,700,000 | |||
| 20x2 | 400000 | 2,77,440 | 1,22,560 | 15,77,440 |
| 20x3 | 400000 | 2,57,438 | 1,42,562 | 14,34,878 |
| 20x4 | 400000 | 2,34,172 | 1,65,828 | 12,69,050 |
Carrying value of non current portion of lease liability at 31 December 20X2 = 1577440-142562 = R1,434,878
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