Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

26. Caleb's Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2020 annual report (in millions) Operating Leases 2021 $36,636 2022

26. Caleb's Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2020 annual report (in millions) Operating Leases 2021 $36,636 2022 37,868 202337,598 2024 37,023 2025 36,131 Thereafter 439,002 Total 624,258 What is the approximate present value of the minimum lease payments? Assume a discount rate of 6.0 Note: Round the remaining lease term to the nearest whole year, using the final lease payment provided as an estimate of annual future payments Select one: a \$560.570 million b . $624,258 million $382,515 million d . $465,637 million e . $459,075 million
image text in transcribed
Caleb's Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2020 annual report (in millions). What is the approximate present value of the minimum lease payments? Assume a discount rate of 6.0%. Note: Round the remaining lease term to the nearest whole year, using the final lease payment provided as an estimate of annual future payments. Select one: a. 5560,570 milion b. 5624.258 million c. $382,515 million d. $465.637 million e. $459,075 million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

1. Identify three approaches to culture.

Answered: 1 week ago

Question

2. Define communication.

Answered: 1 week ago