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A Company takes a Machinery on lease for a term of 6 years at a lease rent of ?4,00,000 p.a. payable at end of each year with guaranteed and unguaranteed residual value of ?3,00,000. The gross investment will be

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The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%


A Company takes a Machinery on lease for a term of 6 years at a lease rent of ?4,00,000 p.a. payable at end of each year with guaranteed and unguaranteed residual value of ?3,00,000. The gross investment will be






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