Lease accounting under ASC 842: lessee recognizes right-of-use asset and lease liability for

date：2026-09-30 13:20:08 author：admin browse： time View comments Add Collection

Lease accounting under ASC 842: lessee recognizes right-of-use asset and lease liability for

Lease accounting under ASC 842: lessee recognizes right-of-use asset and lease liability for:

A. All leases with term >12 months

B. Only finance leases

C. Only operating leases

D. Leases less than 12 months

Answer: A

Explanation: Lessee records ROU asset and lease liability for leases longer than 12 months, finance and operating.