Question
Lease conversion from operating to corporation: A company has borrowing cost of about 4% in 2014 and lease balance $4,300 Fiscal Year Capital Leases Operating
Lease conversion from operating to corporation:
A company has borrowing cost of about 4% in 2014 and lease balance $4,300
| Fiscal Year | Capital Leases | Operating Lease |
| 2014 | $25 | $400 |
| 2015 |
| 420 |
| 2016 |
| 380 |
| 2017 |
| 350 |
| 2018 |
| 320 |
| Thereafter |
| 3,500 |
[1] Please calculate the additional years of conversion from operating to capital (Show work please)
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Auditing Principles And Techniques
Authors: Sanjib Kumar Basu, Andrei Alexandrescu
1st Edition
8177581783, 9788177581782
