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Hello! Could you, please, help me to fill in missing answers? Analyzing and Interpreting Footnote on Operating and Capital Leases Verizon Communications, Inc., provides the
Hello! Could you, please, help me to fill in missing answers?
Analyzing and Interpreting Footnote on Operating and Capital Leases Verizon Communications, Inc., provides the following footnote relating to its leasing activities in its 10-K report. The aggregate minimum rental commitments under noncancelable leases for the periods shown at December 31, 2010, are as follows:
2011 | $ 97 | $ 1,898 |
2012 | 74 | 1,720 |
2013 | 70 | 1,471 |
2014 | 54 | 1,255 |
2015 | 42 | 1,012 |
Thereafter | 81 | 5,277 |
Total minimum rental commitments | 418 | $ 12,633 |
Less interest and executory costs | (86) | |
Present value of minimum lease payments | 332 | |
Less current installments | (75) | |
Long-term obligation at December 31, 2010 | $ 257 |
(a) Confirm that Verizon capitalized its capital leases using a rate of 7.4%.
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Year 1 | Answer Correct 1.00 points out of 1.00 |
Year 2 | Answer Correct 1.00 points out of 1.00 |
Year 3 | Answer Correct 1.00 points out of 1.00 |
Year 4 | Answer Correct 1.00 points out of 1.00 |
Year 5 | Answer Correct 1.00 points out of 1.00 |
After 5 | Answer Incorrect 0.00 points out of 1.00 |
Total* | Answer Incorrect 0.00 points out of 1.00 |
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