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: Companies can choose not to apply these rules to short-term leases (12 months or less) or leases of low-value assets.

: Lessees must recognize a Right-of-Use (ROU) asset and a corresponding lease liability . : Companies can choose not to apply these

: It eliminates the distinction between "operating leases" and "finance leases" for lessees. Almost all leases must now be recognized on the balance sheet. : Companies can choose not to apply these

$0.00

: Companies can choose not to apply these rules to short-term leases (12 months or less) or leases of low-value assets.

: Lessees must recognize a Right-of-Use (ROU) asset and a corresponding lease liability .

: It eliminates the distinction between "operating leases" and "finance leases" for lessees. Almost all leases must now be recognized on the balance sheet.