Right-of-use asset
AccountingThe balance sheet asset representing the right to use a leased item over the lease term.
In plain terms
The other side of the lease liability. It is depreciated over the term, which is where the old rent expense went.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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