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explain the capital lease? where did the 5047 and 1009.4 come from? Question 15 Leased assets have an expected life of 5 years. Depreciation is

explain the capital lease? where did the 5047 and 1009.4 come from?
Question 15 Leased assets have an expected life of 5 years. Depreciation is straight line. Annual lease payment is $1,400. Interest rate is 12% Find the total expense in Year 1 for Operating Lease and Capital Lease Operating Lease: 1,400 Capital Lease: 0.12*5047+1009.4

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