Question
My instructor says that factor is incorrect: When we get to the leases, the adjustment should make much more sense. However, the factor 5.329477 is
My instructor says that factor is incorrect:
When we get to the leases, the adjustment should make much more sense. However, the factor 5.329477 is not correct. The correct factor that you will use is 5.0757 which is the PV of an annuity at 5% for 6 periods. but I still do not understand the calculation of how to arrive at that factor?
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Accounting Information Systems
Authors: Marshall RomneyPaul Steinbart
11th Edition
136015182, 978-0136015185
