(Solved): Analyzing and Interpreting Lease Footnote Disclosures The GAP Inc. discloses the following schedule ...

Analyzing and Interpreting Lease Footnote Disclosures The GAP Inc. discloses the following schedule to its fiscal 2018 (ended February 2, 2019) 10-K report relating to its leasing to its leasing activities. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. The aggregate minimum noncancelable annual lease payments under leases in effect on February 2, 2019, are as follows: Compute the present value of GAP's operating leases using the following assumptions \begin{tabular}{|c|c|c|} \hline Year & & Present Value \\ \hline 1 & $\$$ & 0 \\ \hline 2 & & 0 \\ \hline 3 & & 0 \\ \hline 4 & & 0 \\ \hline 5 & & 0 \\ \hline$>5$ & & 0 \\ \hline & $\$$ & 0 \\ \hline \end{tabular}