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Question Three (20 marks; 24 minutes) A 211 lease footnote is provided following this question. Use only the information in the footnote to answer the
Question Three (20 marks; 24 minutes) A 211 lease footnote is provided following this question. Use only the information in the footnote to answer the following questions. a) If the rm had to capitalize future minimum lease payments under operating leases, what amount of asset and liability would need to be added to the balance sheet? Assume that the amounts due after 2016 are paid in 5 equal annual installments {round to the nearest thousand). Use a discount rate of 6%. Assume all payments occur at the end each scal year. Ignore any revenues associated with the leases
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