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THIS LEASE the "Lease" Dated This 19th Day of November, Memoryproject  Form

THIS LEASE the "Lease" Dated This 19th Day of November, Memoryproject Form

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hello and welcome back for the next episode of our ultimate police accounting series previously we covered the definition of Elise and went into further detail on how ASD 842 places new emphasis on the concepts of an identified asset and the right to control that asset we also went through how to tell if a contract contains a lease and uncovering your embedded license so during this video I'll highlight some lease Basics including locating the key dates in a lease agreement and using them to determine the lease term let's Dive In let's look at some of the dates which may be present in a lease agreement first is the commencement date this is the date the lease begins sometimes a lease will have a contractual commencement date the date the lease begins per the contract and then maybe a separate lease a commencement date for accounting purposes let's look at some of the dates which are present in a lease agreement first the least commencement date this is the date the lease begins sometim

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