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Bulgarian Certified Expert Accountant Exam Practice Questions - Bulgarian Certified Expert Accountant Exam (Дипломиран експерт-счетоводител ИДЕС) Exam

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On 1 January 2025, a company enters into a 3-year lease for warehouse space. Annual lease payments of 30,000 EUR are payable at the end of each year. The lessee's incremental borrowing rate is 6% per annum. The present value factor of an ordinary annuity for 3 years at 6% is 2.6730. What is the interest expense recognized in profit or loss for the year ended 31 December 2025?
Correct Answer:
4,811.40 EUR

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