E5.13 In Note 11, of its 2018 financial statements, Costco (COST) reported the following future operat- ing lease information: 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: Operating Leases Capital Leases 2019.... 2020 ... $ 227 214 193 183 175 2,215 $ 34 35 36 36 36 647 $3,207 2021. 2022.. 2023.. Thereafter.... Total .. Less amount representing interest. Net present value of minimum lease payments Less current installments() Long-term capital lease obligations less current installments(3) 824 (427) 397 (7) $390 a. b. Assuming the capital lease payments after 2023 will be $36 per year, what is the implied discount rate on COST's capital leases? 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. E5.13 In Note 11, of its 2018 financial statements, Costco (COST) reported the following future operat- ing lease information: 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: Operating Leases Capital Leases 2019.... 2020 ... $ 227 214 193 183 175 2,215 $ 34 35 36 36 36 647 $3,207 2021. 2022.. 2023.. Thereafter.... Total .. Less amount representing interest. Net present value of minimum lease payments Less current installments() Long-term capital lease obligations less current installments(3) 824 (427) 397 (7) $390 a. b. Assuming the capital lease payments after 2023 will be $36 per year, what is the implied discount rate on COST's capital leases? 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