Basic Finance and Accounting Other

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Finance

The gross amount for property and equipment is $777,739.

The net amount for property and equipment is $484,641.

The gross amount for assets acquired under capital leases is $3,612.

The net amount for assets acquired under capital leases is $1,600

The amount for capital leases is not material. It represents less than 1% of total debt obligations.

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The Westinghouse bonds are worth $1,520,674, and the capital lease obligation is only $400, so the capital lease obligation is not material for the total debt.

The total minimum future lease payment is $359,382 as at 2010.

The principal, using the 2/3 rule, would be $239,587.

The operating leases are very.....

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