Cabela's Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2015 annual report (in millions). Operating Leases 2016 $ 24,424 2017 25,245 2018 25,065 2019 24,682 2020 24,087 Thereafter 292,668 Total $416,171 What is the approximate present value of the minimum lease payments? Assume a discount rate of 6.0% and round the remaining lease term to the nearest whole year. A. $233,357 million B. $ 15,113 million C. $255,007 million D. $373,713 million E. None of the above
Cabela's Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2015 annual report (in millions). Operating Leases 2016 $ 24,424 2017 25,245 2018 25,065 2019 24,682 2020 24,087 Thereafter 292,668 Total $416,171 What is the approximate present value of the minimum lease payments? Assume a discount rate of 6.0% and round the remaining lease term to the nearest whole year. A. $233,357 million B. $ 15,113 million C. $255,007 million D. $373,713 million E. None of the above
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter20: Accounting For Leases
Section: Chapter Questions
Problem 5RE: Use the information in RE20-3. Prepare the journal entries that Garvey Company would make in the...
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Cabela's Corp disclosed the following minimum rental commitments under non-cancelable operating leases in its 2015 annual report (in millions).
|
Operating Leases |
2016 |
$ 24,424 |
2017 |
25,245 |
2018 |
25,065 |
2019 |
24,682 |
2020 |
24,087 |
Thereafter |
292,668 |
Total |
$416,171 |
What is the approximate present value of the minimum lease payments? Assume a discount rate of 6.0% and round the remaining lease term to the nearest whole year.
A. |
$233,357 million |
|
B. |
$ 15,113 million |
|
C. |
$255,007 million |
|
D. |
$373,713 million |
|
E. |
None of the above Do not give answer in image formate |
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