Lease Plaza X

3/1/2019 commencement date discount rate

5%
payments at the commencement of the lease
100,000 Upfront lease payment on first day each month for year 2019

future payments
payment date of payment discount factor discounted amount
1 100,000 4/1/2019 0.9959 99,586.48
2 100,000 5/1/2019 0.9919 99,187.92
3 100,000 6/1/2019 0.9878 98,777.75
4 100,000 7/1/2019 0.9838 98,382.43
5 100,000 8/1/2019 0.9798 97,975.60
6 100,000 9/1/2019 0.9757 97,570.44
7 100,000 10/1/2019 0.9718 97,179.95
8 100,000 11/1/2019 0.9678 96,778.09
9 100,000 12/1/2019 0.9639 96,390.77
10 100,000 1/1/2020 0.9599 95,992.17
11 100,000 2/1/2020 0.9560 95,595.22
12 100,000 3/1/2020 0.9523 95,225.37
13 100,000 4/1/2020 0.9483 94,831.58
14 100,000 5/1/2020 0.9445 94,452.06
15 100,000 6/1/2020 0.9406 94,061.47
16 100,000 7/1/2020 0.9369 93,685.03
17 100,000 8/1/2020 0.9330 93,297.62
18 100,000 9/1/2020 0.9291 92,911.81
19 100,000 10/1/2020 0.9254 92,539.97
20 100,000 11/1/2020 0.9216 92,157.29
21 100,000 12/1/2020 0.9179 91,788.47
22 100,000 1/1/2021 0.9141 91,408.90
23 100,000 2/1/2021 0.9103 91,030.90
24 100,000 3/1/2021 0.9069 90,690.82
25 100,000 4/1/2021 0.9032 90,315.80
26 100,000 5/1/2021 0.8995 89,954.34
27 100,000 6/1/2021 0.8958 89,582.36
28 100,000 7/1/2021 0.8922 89,223.84
29 100,000 8/1/2021 0.8885 88,854.87
30 100,000 9/1/2021 0.8849 88,487.44
31 100,000 10/1/2021 0.8813 88,133.30
32 100,000 11/1/2021 0.8777 87,768.85
33 100,000 12/1/2021 0.8742 87,417.59
34 100,000 1/1/2022 0.8706 87,056.09
35 100,000 2/1/2022 0.8670 86,696.09
36 100,000 3/1/2022 0.8637 86,372.21
37 100,000 4/1/2022 0.8602 86,015.04
38 100,000 5/1/2022 0.8567 85,670.80
39 100,000 6/1/2022 0.8532 85,316.53
 40 100,000 7/1/2022 0.8498 84,975.08
41 100,000 8/1/2022 0.8462 84,623.69
42 100,000 9/1/2022 0.8427 84,273.75
43 100,000 10/1/2022 0.8394 83,936.48
44 100,000 11/1/2022 0.8359 83,589.38
45 100,000 12/1/2022 0.8325 83,254.84
46 100,000 1/1/2023 0.8291 82,910.56
47 100,000 2/1/2023 0.8257 82,567.71
48 100,000 3/1/2023 0.8226 82,259.25
49 100,000 4/1/2023 0.8192 81,919.09
50 100,000 5/1/2023 0.8159 81,591.24
51 100,000 6/1/2023 0.8125 81,253.84
52 100,000 7/1/2023 0.8093 80,928.65
53 100,000 8/1/2023 0.8059 80,593.99
54 100,000 9/1/2023 0.8026 80,260.71
55 100,000 10/1/2023 0.7994 79,939.50
56 100,000 11/1/2023 0.7961 79,608.93
57 100,000 12/1/2023 0.7929 79,290.33
58 100,000 1/1/2024 0.7896 78,962.44
59 100,000 2/1/2024 0.7864 78,635.91

5,233,738.63

Liability Schedule before reassessment of lease term

5,233,738.63 Lease liability at initial recognition

Monthly opening payment discount

1 5,233,739 - 21,733
2 5,255,471 (100,000) 20,716
3 5,176,187 (100,000) 21,078
4 5,097,265 (100,000) 20,080
5 5,017,346 (100,000) 20,419
6 4,937,764 (100,000) 20,088
7 4,857,853 (100,000) 19,118
8 4,776,971 (100,000) 19,421
9 4,696,392 (100,000) 18,469
10 4,614,861 (100,000) 18,748
11 4,533,608 (100,000) 18,410
12 4,452,019 (100,000) 16,903
13 4,368,922 (100,000) 17,726
14 4,286,648 (100,000) 16,823
15 4,203,471 (100,000) 17,039
16 4,120,510 (100,000) 16,155
17 4,036,666 (100,000) 16,347
18 3,953,012 (100,000) 15,999
19 3,869,012 (100,000) 15,145
20 3,784,156 (100,000) 15,298
21 3,699,454 (100,000) 14,463
 22 3,613,918 (100,000) 14,591
23 3,528,509 (100,000) 14,237
24 3,442,746 (100,000) 12,535
25 3,355,280 (100,000) 13,517
26 3,268,798 (100,000) 12,733
27 3,181,530 (100,000) 12,796
28 3,094,326 (100,000) 12,032
29 3,006,358 (100,000) 12,068
30 2,918,426 (100,000) 11,703
31 2,830,130 (100,000) 10,970
32 2,741,100 (100,000) 10,967
33 2,652,067 (100,000) 10,255
34 2,562,322 (100,000) 10,225
35 2,472,546 (100,000) 9,852
36 2,382,398 (100,000) 8,559
37 2,290,957 (100,000) 9,098
38 2,200,054 (100,000) 8,438
39 2,108,493 (100,000) 8,340
40 2,016,833 (100,000) 7,702
41 1,924,535 (100,000) 7,576
42 1,832,111 (100,000) 7,192
43 1,739,304 (100,000) 6,587
44 1,645,891 (100,000) 6,419
45 1,552,310 (100,000) 5,836
46 1,458,146 (100,000) 5,640
47 1,363,785 (100,000) 5,248
48 1,269,033 (100,000) 4,384
49 1,173,417 (100,000) 4,457
50 1,077,874 (100,000) 3,929
51 981,803 (100,000) 3,662
52 885,465 (100,000) 3,156
53 788,621 (100,000) 2,859
54 691,481 (100,000) 2,456
55 593,937 (100,000) 1,985
56 495,921 (100,000) 1,644
57 397,565 (100,000) 1,196
58 298,761 (100,000) 825
59 199,586 (100,000) 414
60 100,000 (100,000) (0)

Lease modification made on 1 January 2020 4.9% revised discount rate

A 10% rent reduction for the three months from November 2019 to January 2020, totaling $30,000 for the 9 da

payment date of payment discount factor discounted amount

1 70,000 1/1/2020 1.0000 70,000.00
 2 100,000 2/1/2020 0.9959 99,594.53
3 100,000 3/1/2020 0.9922 99,216.72
4 100,000 4/1/2020 0.9881 98,814.43
5 100,000 5/1/2020 0.9843 98,426.67
6 100,000 6/1/2020 0.9803 98,027.58
7 100,000 7/1/2020 0.9764 97,642.91
8 100,000 8/1/2020 0.9725 97,247.00
9 100,000 9/1/2020 0.9685 96,852.70
10 100,000 10/1/2020 0.9647 96,472.64
11 100,000 11/1/2020 0.9608 96,081.47
12 100,000 12/1/2020 0.9570 95,704.44
13 100,000 1/1/2021 0.9532 95,316.39
14 100,000 2/1/2021 0.9493 94,929.92
15 100,000 3/1/2021 0.9458 94,582.19
16 100,000 4/1/2021 0.9420 94,198.69
17 100,000 5/1/2021 0.9383 93,829.04
18 100,000 6/1/2021 0.9345 93,448.60
19 100,000 7/1/2021 0.9308 93,081.90
20 100,000 8/1/2021 0.9270 92,704.48
21 100,000 9/1/2021 0.9233 92,328.60
22 100,000 10/1/2021 0.9197 91,966.29
23 100,000 11/1/2021 0.9159 91,593.40
24 100,000 12/1/2021 0.9123 91,233.98
25 100,000 1/1/2022 0.9086 90,864.05
26 100,000 2/1/2022 0.9050 90,495.63
27 100,000 3/1/2022 0.9016 90,164.15
28 100,000 4/1/2022 0.8980 89,798.56
29 100,000 5/1/2022 0.8945 89,446.18
30 100,000 6/1/2022 0.8908 89,083.51
31 100,000 7/1/2022 0.8873 88,733.93
32 100,000 8/1/2022 0.8837 88,374.15
33 100,000 9/1/2022 0.8802 88,015.82
34 100,000 10/1/2022 0.8767 87,670.44
35 100,000 11/1/2022 0.8731 87,314.96
36 100,000 12/1/2022 0.8697 86,972.33
37 100,000 1/1/2023 0.8662 86,619.69
38 100,000 2/1/2023 0.8627 86,268.48
39 100,000 3/1/2023 0.8595 85,952.47
40 100,000 4/1/2023 0.8560 85,603.97
41 100,000 5/1/2023 0.8527 85,268.05
42 100,000 6/1/2023 0.8492 84,922.32
43 100,000 7/1/2023 0.8459 84,589.07
44 100,000 8/1/2023 0.8425 84,246.09
45 100,000 9/1/2023 0.8390 83,904.50
46 100,000 10/1/2023 0.8358 83,575.25
47 100,000 11/1/2023 0.8324 83,236.38
48 100,000 12/1/2023 0.8291 82,909.75
49 100,000 1/1/2024 0.8257 82,573.58
 50 100,000 2/1/2024 0.8224 82,238.78
4,512,136.67
Jurnal: Dr. Cr.
Lease liabilities 21,471.75
Right of Use Asset 21,471.75

Monthly opening payment discount

1 4,512,137 (70,000) 18,085
2 4,460,221 (100,000) 16,604
3 4,376,825 (100,000) 17,412
4 4,294,237 (100,000) 16,524
5 4,210,760 (100,000) 16,736
6 4,127,496 (100,000) 15,867
7 4,043,362 (100,000) 16,054
8 3,959,416 (100,000) 15,712
9 3,875,129 (100,000) 14,872
10 3,790,001 (100,000) 15,023
11 3,705,024 (100,000) 14,202
12 3,619,226 (100,000) 14,327
13 3,533,553 (100,000) 13,979
14 3,447,532 (100,000) 12,307
15 3,359,839 (100,000) 13,271
16 3,273,110 (100,000) 12,501
17 3,185,611 (100,000) 12,562
18 3,098,173 (100,000) 11,812
19 3,009,985 (100,000) 11,847
20 2,921,832 (100,000) 11,488
21 2,833,320 (100,000) 10,768
22 2,744,088 (100,000) 10,765
23 2,654,852 (100,000) 10,065
24 2,564,917 (100,000) 10,035
25 2,474,952 (100,000) 9,669
26 2,384,621 (100,000) 8,399
27 2,293,021 (100,000) 8,928
28 2,201,949 (100,000) 8,281
29 2,110,229 (100,000) 8,184
30 2,018,413 (100,000) 7,558
31 1,925,971 (100,000) 7,434
32 1,833,405 (100,000) 7,057
33 1,740,462 (100,000) 6,463
34 1,646,925 (100,000) 6,298
35 1,553,222 (100,000) 5,725
36 1,458,948 (100,000) 5,532
37 1,364,480 (100,000) 5,148
38 1,269,628 (100,000) 4,300
39 1,173,928 (100,000) 4,372
40 1,078,300 (100,000) 3,854
41 982,154 (100,000) 3,591
 42 885,746 (100,000) 3,096
43 788,841 (100,000) 2,804
44 691,646 (100,000) 2,409
45 594,054 (100,000) 1,946
46 496,001 (100,000) 1,612
47 397,613 (100,000) 1,172
48 298,785 (100,000) 809
49 199,595 (100,000) 405
50 100,000 (100,000) (0)

Entity A applies the practical expedient

Forgiveness of rent for April 2020 of $100,000
4/1/2020 Jurnal Dr. Cr.
Lease liabilities 100,000
Gain 100,000
h for year 2019
 Asset Schedule before reassessment of lease term
lity at initial recognition 5,333,739 Gross book value of the righ-of use asset at initial recognition

closing Monthly (M) NBV opening depreciation NBV closing

5,255,471 1 5,333,739 (88,896) 5,244,843
5,176,187 2 5,244,843 (88,896) 5,155,947
5,097,265 3 5,155,947 (88,896) 5,067,052
5,017,346 4 5,067,052 (88,896) 4,978,156
4,937,764 5 4,978,156 (88,896) 4,889,260
4,857,853 6 4,889,260 (88,896) 4,800,365
4,776,971 7 4,800,365 (88,896) 4,711,469
4,696,392 8 4,711,469 (88,896) 4,622,573
4,614,861 9 4,622,573 (88,896) 4,533,678
4,533,608 10 4,533,678 (88,896) 4,444,782
4,452,019 11 4,444,782 (88,896) 4,355,887
4,368,922 12 4,355,887 (88,896) 4,266,991
4,286,648 13 4,266,991 (88,896) 4,178,095
4,203,471 14 4,178,095 (88,896) 4,089,200
4,120,510 15 4,089,200 (88,896) 4,000,304
4,036,666 16 4,000,304 (88,896) 3,911,408
3,953,012 17 3,911,408 (88,896) 3,822,513
3,869,012 18 3,822,513 (88,896) 3,733,617
3,784,156 19 3,733,617 (88,896) 3,644,721
3,699,454 20 3,644,721 (88,896) 3,555,826
3,613,918 21 3,555,826 (88,896) 3,466,930
 3,528,509 22 3,466,930 (88,896) 3,378,034
3,442,746 23 3,378,034 (88,896) 3,289,139
3,355,280 24 3,289,139 (88,896) 3,200,243
3,268,798 25 3,200,243 (88,896) 3,111,348
3,181,530 26 3,111,348 (88,896) 3,022,452
3,094,326 27 3,022,452 (88,896) 2,933,556
3,006,358 28 2,933,556 (88,896) 2,844,661
2,918,426 29 2,844,661 (88,896) 2,755,765
2,830,130 30 2,755,765 (88,896) 2,666,869
2,741,100 31 2,666,869 (88,896) 2,577,974
2,652,067 32 2,577,974 (88,896) 2,489,078
2,562,322 33 2,489,078 (88,896) 2,400,182
2,472,546 34 2,400,182 (88,896) 2,311,287
2,382,398 35 2,311,287 (88,896) 2,222,391
2,290,957 36 2,222,391 (88,896) 2,133,495
2,200,054 37 2,133,495 (88,896) 2,044,600
2,108,493 38 2,044,600 (88,896) 1,955,704
2,016,833 39 1,955,704 (88,896) 1,866,809
1,924,535 40 1,866,809 (88,896) 1,777,913
1,832,111 41 1,777,913 (88,896) 1,689,017
1,739,304 42 1,689,017 (88,896) 1,600,122
1,645,891 43 1,600,122 (88,896) 1,511,226
1,552,310 44 1,511,226 (88,896) 1,422,330
1,458,146 45 1,422,330 (88,896) 1,333,435
1,363,785 46 1,333,435 (88,896) 1,244,539
1,269,033 47 1,244,539 (88,896) 1,155,643
1,173,417 48 1,155,643 (88,896) 1,066,748
1,077,874 49 1,066,748 (88,896) 977,852
981,803 50 977,852 (88,896) 888,956
885,465 51 888,956 (88,896) 800,061
788,621 52 800,061 (88,896) 711,165
691,481 53 711,165 (88,896) 622,270
593,937 54 622,270 (88,896) 533,374
495,921 55 533,374 (88,896) 444,478
397,565 56 444,478 (88,896) 355,583
298,761 57 355,583 (88,896) 266,687
199,586 58 266,687 (88,896) 177,791
100,000 59 177,791 (88,896) 88,896
- 60 88,896 (88,896) 0

ry 2020, totaling $30,000 for the 9 days’ closure [calculated as $100,000 x 10% x 3]
closing Monthly (M) NBV opening depreciation NBV closing
4,460,221 1 4,423,310 (88,466) 4,334,844
4,376,825 2 4,334,844 (88,466) 4,246,378
4,294,237 3 4,246,378 (88,466) 4,157,912
4,210,760 4 4,157,912 (88,466) 4,069,446
4,127,496 5 4,069,446 (88,466) 3,980,979
4,043,362 6 3,980,979 (88,466) 3,892,513
3,959,416 7 3,892,513 (88,466) 3,804,047
3,875,129 8 3,804,047 (88,466) 3,715,581
3,790,001 9 3,715,581 (88,466) 3,627,115
3,705,024 10 3,627,115 (88,466) 3,538,648
3,619,226 11 3,538,648 (88,466) 3,450,182
3,533,553 12 3,450,182 (88,466) 3,361,716
3,447,532 13 3,361,716 (88,466) 3,273,250
3,359,839 14 3,273,250 (88,466) 3,184,784
3,273,110 15 3,184,784 (88,466) 3,096,317
3,185,611 16 3,096,317 (88,466) 3,007,851
3,098,173 17 3,007,851 (88,466) 2,919,385
3,009,985 18 2,919,385 (88,466) 2,830,919
2,921,832 19 2,830,919 (88,466) 2,742,452
2,833,320 20 2,742,452 (88,466) 2,653,986
2,744,088 21 2,653,986 (88,466) 2,565,520
2,654,852 22 2,565,520 (88,466) 2,477,054
2,564,917 23 2,477,054 (88,466) 2,388,588
2,474,952 24 2,388,588 (88,466) 2,300,121
2,384,621 25 2,300,121 (88,466) 2,211,655
2,293,021 26 2,211,655 (88,466) 2,123,189
2,201,949 27 2,123,189 (88,466) 2,034,723
2,110,229 28 2,034,723 (88,466) 1,946,257
2,018,413 29 1,946,257 (88,466) 1,857,790
1,925,971 30 1,857,790 (88,466) 1,769,324
1,833,405 31 1,769,324 (88,466) 1,680,858
1,740,462 32 1,680,858 (88,466) 1,592,392
1,646,925 33 1,592,392 (88,466) 1,503,926
1,553,222 34 1,503,926 (88,466) 1,415,459
1,458,948 35 1,415,459 (88,466) 1,326,993
1,364,480 36 1,326,993 (88,466) 1,238,527
1,269,628 37 1,238,527 (88,466) 1,150,061
1,173,928 38 1,150,061 (88,466) 1,061,595
1,078,300 39 1,061,595 (88,466) 973,128
982,154 40 973,128 (88,466) 884,662
885,746 41 884,662 (88,466) 796,196
788,841 42 796,196 (88,466) 707,730
691,646 43 707,730 (88,466) 619,263
594,054 44 619,263 (88,466) 530,797
496,001 45 530,797 (88,466) 442,331
397,613 46 442,331 (88,466) 353,865
298,785 47 353,865 (88,466) 265,399
199,595 48 265,399 (88,466) 176,932
100,000 49 176,932 (88,466) 88,466
(0) 50 88,466 (88,466) 0
initial recognition