IT-LAP Expired

Laptops (low-value) | Dell Financial Services | Konark Retail Pvt Ltd (INR)

Initial lease liability0.00

Initial ROU asset0.00

Liability today0.00

ROU asset today0.00

Undiscounted payments1,620,000.00

Terms

Commencement: 01 Apr 2023
Term: 36 months (modelled 36) to 31 Mar 2026
Payment: 45,000.00 monthly, in arrears
Escalation: None
Rent-free: 0 months
Discount rate: 8.750%
Initial direct costs / incentives: 0.00 / 0.00
Prepaid / restoration: 0.00 / 0.00
Exemption: Low-value asset
Options: None

Straight-line expense schedule

#	Period	Expense	Cash paid
1	Apr 2023	45,000.00	45,000.00
2	May 2023	45,000.00	45,000.00
3	Jun 2023	45,000.00	45,000.00
4	Jul 2023	45,000.00	45,000.00
5	Aug 2023	45,000.00	45,000.00
6	Sep 2023	45,000.00	45,000.00
7	Oct 2023	45,000.00	45,000.00
8	Nov 2023	45,000.00	45,000.00
9	Dec 2023	45,000.00	45,000.00
10	Jan 2024	45,000.00	45,000.00
11	Feb 2024	45,000.00	45,000.00
12	Mar 2024	45,000.00	45,000.00
13	Apr 2024	45,000.00	45,000.00
14	May 2024	45,000.00	45,000.00
15	Jun 2024	45,000.00	45,000.00
16	Jul 2024	45,000.00	45,000.00
17	Aug 2024	45,000.00	45,000.00
18	Sep 2024	45,000.00	45,000.00
19	Oct 2024	45,000.00	45,000.00
20	Nov 2024	45,000.00	45,000.00
21	Dec 2024	45,000.00	45,000.00
22	Jan 2025	45,000.00	45,000.00
23	Feb 2025	45,000.00	45,000.00
24	Mar 2025	45,000.00	45,000.00
25	Apr 2025	45,000.00	45,000.00
26	May 2025	45,000.00	45,000.00
27	Jun 2025	45,000.00	45,000.00
28	Jul 2025	45,000.00	45,000.00
29	Aug 2025	45,000.00	45,000.00
30	Sep 2025	45,000.00	45,000.00
31	Oct 2025	45,000.00	45,000.00
32	Nov 2025	45,000.00	45,000.00
33	Dec 2025	45,000.00	45,000.00
34	Jan 2026	45,000.00	45,000.00
35	Feb 2026	45,000.00	45,000.00
36	Mar 2026	45,000.00	45,000.00

Journal entries

Date	Entry	Account	Debit	Credit	Status
30 Apr 2023	Exempt lease expense, month 1	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 May 2023	Exempt lease expense, month 2	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
30 Jun 2023	Exempt lease expense, month 3	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Jul 2023	Exempt lease expense, month 4	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Aug 2023	Exempt lease expense, month 5	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
30 Sep 2023	Exempt lease expense, month 6	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Oct 2023	Exempt lease expense, month 7	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
30 Nov 2023	Exempt lease expense, month 8	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Dec 2023	Exempt lease expense, month 9	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Jan 2024	Exempt lease expense, month 10	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
29 Feb 2024	Exempt lease expense, month 11	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Mar 2024	Exempt lease expense, month 12	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
30 Apr 2024	Exempt lease expense, month 13	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 May 2024	Exempt lease expense, month 14	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
30 Jun 2024	Exempt lease expense, month 15	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Jul 2024	Exempt lease expense, month 16	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Aug 2024	Exempt lease expense, month 17	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
30 Sep 2024	Exempt lease expense, month 18	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Oct 2024	Exempt lease expense, month 19	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
30 Nov 2024	Exempt lease expense, month 20	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Dec 2024	Exempt lease expense, month 21	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Jan 2025	Exempt lease expense, month 22	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
28 Feb 2025	Exempt lease expense, month 23	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Mar 2025	Exempt lease expense, month 24	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
30 Apr 2025	Exempt lease expense, month 25	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 May 2025	Exempt lease expense, month 26	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
30 Jun 2025	Exempt lease expense, month 27	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Jul 2025	Exempt lease expense, month 28	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Aug 2025	Exempt lease expense, month 29	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
30 Sep 2025	Exempt lease expense, month 30	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Oct 2025	Exempt lease expense, month 31	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
30 Nov 2025	Exempt lease expense, month 32	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Dec 2025	Exempt lease expense, month 33	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Jan 2026	Exempt lease expense, month 34	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
28 Feb 2026	Exempt lease expense, month 35	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00
31 Mar 2026	Exempt lease expense, month 36	Lease expense (exempt leases)	45,000.00		Posted
		Cash / bank		45,000.00