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Finance Leases Forecast Assumptions Net Annual Additions (% of COS) 20.0% Interest Rate on Leases 2.0% Lease Term (New Leases) 5.0 years Weighted-Average Remaining Lease
Finance Leases Forecast Assumptions | |||||
Net Annual Additions (% of COS) | 20.0% | ||||
Interest Rate on Leases | 2.0% | ||||
Lease Term (New Leases) | 5.0 years | ||||
Weighted-Average Remaining Lease Term (Existing Leases) | 4.5 years | ||||
10-K Disclosure Summary | |||||
2020 | |||||
ROU Asset | |||||
Beginning Balance | $1,050,000 | ||||
Net Additions | $50,000 | ||||
Total Depreciation Expense | $520,000 | ||||
Lease Liability | |||||
Beginning Balance | $1,000,000 | ||||
Ending Balance | $975,000 |
Given the provided forecast assumptions and 10-K summary, what are the total principal repayments on the finance lease liability expected to be for fiscal 2022?
$259,561
$15,403
$28,714
$244,394
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