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Calculate the present value of operating lease payments

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Reference no: EM132510277

Analyzing Lease Footnote

Question 1: Blasfield and Associates, reports the following operating lease payments in its 2017 annual report Calculate the present value of operating lease payments using a discount rate of 10%. 

Fiscal year                                             Operating leases

2018                                                     $3,436,000
2019                                                        2,438,000
2020                                                        2,348,000
2021                                                          1,994,000
2022                                                               952,000
Net minimum lease payments                            $11,168,000

Reference no: EM132510277

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