Question

Id	573
Number	13
Description	A company enters into a finance lease agreement to acquire the use of an asset for three years with lease payments of EUR19,000,000 starting next year. The leased asset has a fair market value of EUR49,000,000 and the present value of the lease payments is EUR47,250,188. Based on this information, the value of the lease liability reported on the company ’s balance sheet at lease inception is closest to: