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7. Delta has adopted the new lease accounting standards where both operating and finance type leases must be reported as an asset and liability on
7. Delta has adopted the new lease accounting standards where both operating and finance type leases must be reported as an asset and liability on the balance sheet. Using the footnote information provided, provide the dollar amount that Delta reports on its balance sheet associated with leases. What are Delta's total estimated future minimum lease payments related to operating type leases? What are Delta's total estimated future minimum lease payments related to finance type leases? If these are future obligated payments, why are these amounts different from what is identified as a liability on Delta's balance sheet (per question 7)? 8. 7. Delta has adopted the new lease accounting standards where both operating and finance type leases must be reported as an asset and liability on the balance sheet. Using the footnote information provided, provide the dollar amount that Delta reports on its balance sheet associated with leases. What are Delta's total estimated future minimum lease payments related to operating type leases? What are Delta's total estimated future minimum lease payments related to finance type leases? If these are future obligated payments, why are these amounts different from what is identified as a liability on Delta's balance sheet (per question 7)? 8
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