Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2020A 2021E 2022E 2023E 2024E 2025E Cost of Sales $233,307 $308,106 $385,085 $454,873 $544,352 $620,799 Finance Leases Forecast Assumptions Net Annual Additions (% of Cos)
2020A 2021E 2022E 2023E 2024E 2025E Cost of Sales $233,307 $308,106 $385,085 $454,873 $544,352 $620,799 Finance Leases Forecast Assumptions Net Annual Additions (% of Cos) Interest Rate on Leases Lease Term (New Leases) Weighted-Average Remaining Lease Term (Existing Leases) 20.0% 2.0% 5.0 years 45 years 110-K Disclosure Summary 2020 ROU Asset Beginning Balance Net Additions Total Depreciation Expense $1,050,000 $50,000 $520,000 Lease Liability Beginning Balance Ending Balance $1,000,000 $975,000 20 Given the provided forecast assumptions and 10-K summary, what are the total principal repayments on the finance lease liability expected to be for fiscal 2022? $259,561 $15,403 Ooo $28,714 $244,394
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started