We have operating and finance leases for datacenters, corporate offices, reasearch and development facilities, retail stores, and
Question:
The components of lease expense were as follows:
$ in millions
Year Ended June Operating lease cost $ $ $
Finance lease cost:
Amortization of rightofuse assets $ $ $
Interest on lease liabilities
Total finance lease cost $ $ $
Supplemental cash flow information related to leases was as follows:
$ in millions
Cash paid for amounts included in the measurements of lease liabillities:
Operating cash flows from operating leases $ $ $
Operating cash flows from finance leases
Financing cash flows from finance leases
Maturities of lease liabilities were as follows:
$ in millions Operating Leases Finance Leases
Year Ended June
$ $
Thereafter
Total leases payments
Leass imputed interest
Total $ $
Required:
What do you notice about the trends in operating versus finance leases for Microsoft?
Prepare a journal entry that summarizes the lease payments for Microsofts finance leases during
Prepare a journal entry that summarizes the amortization of the rightofuse assets for Microsofts finance leases during