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Right-of-Use Asset and Lease Liability expenses
PoorAuditStaffer - 06/8/2019, 6:55 pm
BEC

The present value of the lease asset and liability are the same, so as the cash is paid to rent expense, there needs to be the lease asset reduction. This nets with the lease liability reduction (because it is operating and not based on interest). Shouldnt expense be grossed up by the reduction of the lease asset?

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