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The net asset property under capital lease has a 2014 balance of $2,543 million ($5,589 - 3,046). Liabilities for capital leases total $3,097 ($309 +

The net asset property under capital lease has a 2014 balance of $2,543 million ($5,589 - 3,046). Liabilities for capital leases total $3,097 ($309 + 2,788). Why do the asset and liability amounts differ? Prepare a 2014 summary entry to record Company X lease payments, which were $600 million.

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