leasebook

IT-TAB Active

Tablets (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 payments792,000.00

Terms

Commencement
01 Apr 2024
Term
36 months (modelled 36) to 31 Mar 2027
Payment
22,000.00 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

#PeriodExpenseCash paidAccrued rent
1Apr 202422,000.0022,000.000.00
2May 202422,000.0022,000.000.00
3Jun 202422,000.0022,000.000.00
4Jul 202422,000.0022,000.000.00
5Aug 202422,000.0022,000.000.00
6Sep 202422,000.0022,000.000.00
7Oct 202422,000.0022,000.000.00
8Nov 202422,000.0022,000.000.00
9Dec 202422,000.0022,000.000.00
10Jan 202522,000.0022,000.000.00
11Feb 202522,000.0022,000.000.00
12Mar 202522,000.0022,000.000.00
13Apr 202522,000.0022,000.000.00
14May 202522,000.0022,000.000.00
15Jun 202522,000.0022,000.000.00
16Jul 202522,000.0022,000.000.00
17Aug 202522,000.0022,000.000.00
18Sep 202522,000.0022,000.000.00
19Oct 202522,000.0022,000.000.00
20Nov 202522,000.0022,000.000.00
21Dec 202522,000.0022,000.000.00
22Jan 202622,000.0022,000.000.00
23Feb 202622,000.0022,000.000.00
24Mar 202622,000.0022,000.000.00
25Apr 202622,000.0022,000.000.00
26May 202622,000.0022,000.000.00
27Jun 202622,000.0022,000.000.00
28Jul 202622,000.0022,000.000.00
29Aug 202622,000.0022,000.000.00
30Sep 202622,000.0022,000.000.00
31Oct 202622,000.0022,000.000.00
32Nov 202622,000.0022,000.000.00
33Dec 202622,000.0022,000.000.00
34Jan 202722,000.0022,000.000.00
35Feb 202722,000.0022,000.000.00
36Mar 202722,000.0022,000.000.00

Journal entries

DateEntryAccountDebitCreditStatus
30 Apr 2024Exempt lease expense, month 1Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 May 2024Exempt lease expense, month 2Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
30 Jun 2024Exempt lease expense, month 3Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 Jul 2024Exempt lease expense, month 4Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 Aug 2024Exempt lease expense, month 5Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
30 Sep 2024Exempt lease expense, month 6Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 Oct 2024Exempt lease expense, month 7Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
30 Nov 2024Exempt lease expense, month 8Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 Dec 2024Exempt lease expense, month 9Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 Jan 2025Exempt lease expense, month 10Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
28 Feb 2025Exempt lease expense, month 11Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 Mar 2025Exempt lease expense, month 12Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
30 Apr 2025Exempt lease expense, month 13Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 May 2025Exempt lease expense, month 14Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
30 Jun 2025Exempt lease expense, month 15Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 Jul 2025Exempt lease expense, month 16Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 Aug 2025Exempt lease expense, month 17Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
30 Sep 2025Exempt lease expense, month 18Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 Oct 2025Exempt lease expense, month 19Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
30 Nov 2025Exempt lease expense, month 20Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 Dec 2025Exempt lease expense, month 21Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 Jan 2026Exempt lease expense, month 22Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
28 Feb 2026Exempt lease expense, month 23Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
31 Mar 2026Exempt lease expense, month 24Lease expense (exempt leases)22,000.00Posted
Cash / bank22,000.00
30 Apr 2026Exempt lease expense, month 25Lease expense (exempt leases)22,000.00Draft
Cash / bank22,000.00
31 May 2026Exempt lease expense, month 26Lease expense (exempt leases)22,000.00Draft
Cash / bank22,000.00
30 Jun 2026Exempt lease expense, month 27Lease expense (exempt leases)22,000.00Draft
Cash / bank22,000.00
31 Jul 2026Exempt lease expense, month 28Lease expense (exempt leases)22,000.00Draft
Cash / bank22,000.00
31 Aug 2026Exempt lease expense, month 29Lease expense (exempt leases)22,000.00Draft
Cash / bank22,000.00
30 Sep 2026Exempt lease expense, month 30Lease expense (exempt leases)22,000.00Draft
Cash / bank22,000.00
31 Oct 2026Exempt lease expense, month 31Lease expense (exempt leases)22,000.00Draft
Cash / bank22,000.00
30 Nov 2026Exempt lease expense, month 32Lease expense (exempt leases)22,000.00Draft
Cash / bank22,000.00
31 Dec 2026Exempt lease expense, month 33Lease expense (exempt leases)22,000.00Draft
Cash / bank22,000.00
31 Jan 2027Exempt lease expense, month 34Lease expense (exempt leases)22,000.00Draft
Cash / bank22,000.00
28 Feb 2027Exempt lease expense, month 35Lease expense (exempt leases)22,000.00Draft
Cash / bank22,000.00
31 Mar 2027Exempt lease expense, month 36Lease expense (exempt leases)22,000.00Draft
Cash / bank22,000.00
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