adjustments and lease hold improvements for converted leases ( ASC842)
How do the adjustments and lease hold improvements get incorporated into leases that we are converting from the legacy system? The adjustments and lease hold improvements increase or decrease the value, but do not go on the schedule.
Per client, the deferred rent liability adjusts the total lease liability recognized on the balance sheet, and consequently, the ROU asset recognized will reflect this adjustment. How do ensure that we convert this correctly?
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