Question
The lease payments from footnote disclosures of an operating lease Year Lease payments ($) 1,375 1,210 825 Year 4 and after 4,125 Required: Assume a
The lease payments from footnote disclosures of an operating lease
Year Lease payments ($)
- 1,375
- 1,210
- 825
Year 4 and after 4,125
Required:
Assume a 10% discount rate and a tax rate of 25%, so that the PV of all the lease payments is $5,220.
Complete the I/S figures
Income Statement Effects
|
| As Reported | Adjustment | Adjusted |
| NOPAT | $1,700 |
|
|
| INT(1-tax rate) | 475 |
| |
| NI | $1,225 |
|
|
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Accounting For Sustainability
Authors: Gunnar Rimmel
1st Edition
0367478927, 9780367478926
