Dahyun contracted a 4-year lease of a machinery with Jackson Weng on January 1, 20x1. Rent in 20x1 is ₱10,000 and as stipulated in the contract, shall increase by 10% annually starting on January 1,...

Dahyun contracted a 4-year lease of a machinery with Jackson Weng
on January 1, 20x1. Rent in 20x1 is ₱10,000 and as stipulated in
the contract, shall increase by 10% annually starting on January
1, 20x2. Rentals are payable at every year end. Dahyun pays Jackson
a lease bonus of ₱5,000 on January 1, 20x1. Dahyun opts to use the
practical expedient allowed under PFRS 16 for leases of low value
assets. How much is the lease expense in 20x1?