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a. At the end of 2018, future minimum payments, net of sub-lease income of $105 for all years combined, under non-cancelable operating leases with

 

a. At the end of 2018, future minimum payments, net of sub-lease income of $105 for all years combined, under non-cancelable operating leases with terms of at least one year and capital leases were as follows: 2019.... 2020.... 2021 .. 2022.. 2023.. .... Thereafter..... Total .. Less amount representing interest. ... Net present value of minimum lease payments. Less current installments(2). Long-term capital lease obligations less current installments (3) Operating Leases $227 214 193 183 175 2,215 $3,207 Capital Leases $34 35 36 36 36 647 824 (427) 397 (7) $390 Assuming the capital lease payments after 2023 will be $36 per year, what is the implied discount rate on COST's capital leases? b. Now assume a discount rate of 6 percent for COST's operating leases. Estimate the unrecognized asset and liability for assets acquired under operating leases for COST at December 31, 2018.

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