GB 112/212 MANAGERIAL ACC. W/ACCESS >C<
GB 112/212 MANAGERIAL ACC. W/ACCESS >C<
17th Edition
ISBN: 9781260218831
Author: Libby
Publisher: MCG CUSTOM
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Chapter S, Problem 2P

Converting Operating Leases to Capital Leases

LOS-1, S-3 Refer to Apple’s operating lease disclosure provided in S P-l. Assume that the payment amount in the ‘‘thereafter” row is equally spread out over the years 2018–2022 and that the appropriate discount rate is still 6 percent. What is the present value of Apple’s “total minimum lease payments” at the end of fiscal 2012?

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Accounting for Finance and Operating Leases | U.S. GAAP CPA Exams; Author: Maxwell CPA Review;https://www.youtube.com/watch?v=iMSaxzIqH9s;License: Standard Youtube License