Estimate the unrecognized asset and liability for United Parcel Service (UPS) operating leases as of December...
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Estimate the unrecognized asset and liability for United Parcel Service (UPS) operating leases as of December 31, 2019. The appropriate discount rate is 3.29%. For the future operating lease payments beyond 2024 assume the payments are equal to those in 2024. Disclosed future operating lease payments (in millions) are: 2020 2021 2022 2023 2024 Thereafter $619 536 451 360 256 1,267 b. For fiscal year 2019, prepare the related journal entries to record the liability and asset for the effective capitalization of the operating leases. Estimate the unrecognized asset and liability for United Parcel Service (UPS) operating leases as of December 31, 2019. The appropriate discount rate is 3.29%. For the future operating lease payments beyond 2024 assume the payments are equal to those in 2024. Disclosed future operating lease payments (in millions) are: 2020 2021 2022 2023 2024 Thereafter $619 536 451 360 256 1,267 b. For fiscal year 2019, prepare the related journal entries to record the liability and asset for the effective capitalization of the operating leases.
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date:
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