Solved: One of mecs capital leases requires the corp to make 5, Accounting Basics

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One of mecs capital leases requires the corp to make 5

Question - One of MEC's capital leases requires the Corp. to make 5 payments of $1000 on Mar 31 each yr beg. on Mar 31, 2011. What is the present value of these lease payments on Mar 31, 2010 if the discount rate is 7%?

The capital lease obligations are 28674.

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Accounting Basics: One of mecs capital leases requires the corp to make 5

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Accounting Basics: One of mecs capital leases requires the corp to make 5

Reference No:- TGS02838246

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