Question
One of MEC's capital leases requires the Corp. to make 5 payments of $1000 on Mar 31 each yr beg. on Mar 31, 2011. What
One of MEC's capital leases requires the Corp. to make 5 payments of $1000 on Mar 31 each yr beg. on Mar 31, 2011. What is the present value of these lease payments on Mar 31, 2010 if the discount rate is 7%?
The capital lease obligations are 28674.
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Fundamentals Of Accounting
Authors: Claudia Gilbertson
10th Edition
1111581169, 978-1111581169
