Monongahela Corporation Includes the Following in Its 2016 Annual Report

Essay

Monongahela Corporation includes the following in its 2016 annual report (in thousands).
On an ongoing basis, we evaluate our estimates, including those related to the value of deferred acquisition costs, incentive compensation, income taxes, pension benefits and contingencies and litigation. Our estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Our actual results may differ from these estimates under different assumptions or conditions.
A. What estimates does the company make when accounting for capital leases?
B. What estimates does the company make when accounting for defined benefit pensions?