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What amount should aaa report as capitized lease liability

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Question 1: AAA Corp. entered into nine year capital kease on a warehouse on december 31,2015. Lease payments of 26,00 which includes real estate taxes of 1,000 are due anually, beginning on december 31,2016 and evert december 31 thereafter. AAA does not know the intereset rate implicit in the lease, AAA incrementak borrowing rate is 9%. The rounded present value of an ordinart annuity for 9 years is 6.0 what amount should AAA report as capitized lease liability at december 31,2015

Reference no: EM132698567

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