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hi everyone im janet cyphers head of product marketing at least accelerator with me today i have len newhaus a technical accounting expert and cpa were here to remove some of the complexity around lease accounting today were going to talk about different types of leases under asd 842 operating and finance leases so len how do you determine the classification of a lease hi janet thank you so under the asca 42 standard there are five tests that must be reviewed and if one of the tests is triggered you have a finance lease and if none of those five tests are triggered you have an operating list so lets talk a little bit about what the five tests are the first test is uh what we call the 75 test now the 75 was a bright red line under the old standard ase40 but under the new standard that percentage can move and what the standard basically says is take a look at the term of the lease take a look at the useful life of the asset and if the term is greater than 75 of the useful life of th