Question: QAZ is a company operating in Q-land, where the currency is the Q$. On 1 January 20X1, QAZ leases a machine from another company. At this date, the present value of future lease payments is Q$317,000. On 1 January 20X1, QAZ pays legal fees of Q$2,000 to negotiate the terms of the lease contract and an initial non-refundable deposit of Q$10,000. What is the amount of QAZ's initial right-of-use asset in respect of this lease on 1 January 20X1? Solution A.Q$317,000 B.Q$319,000 C.Q$327,000 D.Q$329,000