Question
Go to John Deeres website and search for the Companys 2015 Annual Report. Carefully read sections called Operating Lease Residual Values and (Note) 14. Equipment
Go to John Deeres website and search for the Companys 2015 Annual Report. Carefully read sections called Operating Lease Residual Values and (Note) 14. Equipment on Operating Leases
https://s2.q4cdn.com/329009547/files/doc_financials/annual_reports/2015/2015_John-Deere-Annual-Report.pdf
https://investor.deere.com/our-company/investors-relations/financial-information/annual-reports-and-proxy/default.aspx
Based on this information, what is the average lease term (life) of John Deere equipment on operating lease? (Show your work)
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ISE Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Philip Olds
9th Edition
1260565483, 9781260565485
