Question
[1] calculate the additional years of conversion from operating to capital? (2) calculation the payment, discount factor, PV, interest, lease obligation and lease balance. Lease
[1] calculate the additional years of conversion from operating to capital?
(2) calculation the payment, discount factor, PV, interest, lease obligation and lease balance.
Lease conversion from operating to corporation A company has borrowing cost of about 4% in 2014 and lease balance $4,300 Fiscal Year 2014 2015 2016 2017 2018 Thereafter Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Instructions: Payment Discount Factor 0.9615 0.9246 0.8890 0.8548 0.8219 0.7903 0.7599 0.7307 0.7026 0.6756 0.6496 0.9246 Present Value (4%) Capital Leases $25 10 -- Interest Operating Lease $656 625 550 520 500 3,500 Lease Obligation Lease Balance $4,300
Step by Step Solution
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Step: 1
Lease Year Year Payment Discount Factor Present Value 4 Interest Lease Balancel Workings Obligation ...
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
18th edition
538479736, 978-1111534783, 1111534780, 978-0538479738
