The Following Is an Extract from a Lease Payment Schedule

question 43

Multiple Choice

The following is an extract from a lease payment schedule for Lessee Pty Limited.What is the present value of the lease liability at 30 June 2012? $$\begin{array} { | c | r | c | c | } \hline \text { Date } & \begin{array} { c } \text { Lease } \\\text { payment }\end{array} & \begin{array} { c } \text { Interest } \\\text { expense }\end{array} & \begin{array} { c } \text { Present value of } \\\text { lease liability }\end{array} \\\hline 01 \text { July } 2011 & & & 21506 \\\hline \text { 30 June 2012 } & 3500 & 2,151 & ? \\\hline\end{array}$$

• A) 18 006
• B) 19 355
• C) 25 006
• D) 20 157

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Definitions:

DSM

Diagnostic and Statistical Manual of Mental Disorders, a resource used by healthcare professionals to diagnose mental disorders.

Schizophrenia

A chronic mental disorder characterized by distorted thoughts, perceptions, emotions, language, sense of self, and behavior.

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience.

Somatoform Disorder

A group of psychological disorders in which a patient experiences physical symptoms that are inconsistent with or cannot be fully explained by any underlying medical or neurological condition.