Question
How do cash flows differ between finance and operating leases?
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Answer
Operating is all operating; finance splits interest operating and principal financing.
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Question
How should the 75% and 90% thresholds be treated under ASC 842?
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Answer
They are guidelines, not bright lines.
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Question
What is the initial lease liability measured at?
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Answer
The present value of remaining lease payments.
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Question
Which discount rate is used if the implicit rate is not readily determinable?
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Answer
The lessee's incremental borrowing rate.
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