The "ASC 842 OP" method of depreciation option : AssetAccountant

The "ASC 842 OP" method of depreciation option Print

Modified on: Wed, 6 Nov, 2024 at 1:56 AM

What is the "ASC 842 OP" method of depreciation option in accounts depreciation settings when an asset in AssetAccountant has a lease attached to it?

The depreciation method for Operating Leases as per ASC 842 matches the asset value to the outstanding lease liability after each payment.

So the depreciation amount shown in AssetAccountant for each month is calculated on that basis.

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