The principles regarding leases were recently updated by FASB as discussed in the textbook. Explain two main differences between capital and operating leases. Using a public company different from Apple Inc project, locate the lease disclosures in the notes to the financial statements. Identify the types of leases the company has and explain how you can tell which types of leases are used. Participate in follow-up discussion by comparing the lease reporting of your company to that of a classmate's company and comment on any similarities or differences between the companies.