Analyzing, Interpreting, and Capitalizing Operating Leases On January 1,2020, Alexander Mack Adventures inc, entered into land leases that grant urrestricted access to property in Texas where the compary plans to build an iN resort, Lease detals follow. - Lease term is years. - Upfront fees: 5450,000 pad in cash. - Annual lease payment: 1600,000 due at each yearend. - Lessee responsible for property ux and insurance. The company aiso leased computer equipenent with the foliowing cetaik: - tense term 4 years: - Upfront fees: $5,000. - Annual lease paymens: $20633. - Lessee has option to purchase equipment for 31 at end of lease. Required Note: for the followirg questions, round your answers to the nearest whele dollar, use rounded anounes for further cakulacions