Financing costs: You might incur financing costs with a lease, such as interest Might pay more than market value: Depending on how long an asset is leased, the total cost could be more than the market value at the time the lease originated. Continuous terms renegotiation: Many leases are sh...
One of the first steps as part of the transition process is to determine the remaining lease term. The lease term is the non-cancellable period of the lease, which includes periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option (ASC 84...
ASC 842economic consequences.We analyze the impact of Accounting Standard Codification Topic 842 (ASC 842), which requires operating lease assets and liabilities to be recognized in the balHill, PaulaLobo, Gerald J.Wang, ShuoSocial Science Electronic Publishing...