DESCOGEF (UEMOA OEC-CI) Practice Questions - DESCOGEF - Diplôme D'Études Supérieures De Comptabilité Et De Gestion Financière (Côte D'Ivoire UEMOA) Exam

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On January 1, 2025, an enterprise enters into a 5-year finance lease (crédit-bail) for specialized equipment with a fair value of 30,000,000 FCFA and an implicit interest rate of 8% per annum. Annual lease payments of 7,513,690 FCFA are due at year-end. At December 31, 2025, what is the split between financial interest expense and principal repayment under SYSCOHADA?

Interest expense = 2,400,000 FCFA; Principal repayment = 5,113,690 FCFA against the lease liability Interest expense = 7,513,690 FCFA; Principal repayment = 0 FCFA Interest expense = 3,000,000 FCFA; Principal repayment = 4,513,690 FCFA Interest expense = 1,200,000 FCFA; Principal repayment = 6,313,690 FCFA

Correct Answer:

Interest expense = 2,400,000 FCFA; Principal repayment = 5,113,690 FCFA against the lease liability

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