Examples of ROU in a sentence
ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised.
ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised.The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives.
Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows.
Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term.
ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease.
The ROU asset is depreciated over the shorter of the lease term or the useful life of the underlying asset.
ROU assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable.
In addition, the ROU assets are adjusted for certain remeasurement of the lease liabilities.
The ROU asset is subject to testing for impairment if there is an indicator of impairment.
Lease liabilities are remeasured with a corresponding adjustment to the related right of use asset if the Company changes its assessment if whether it will exercise an extension or a termination option.Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as financing cash flows.