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hi john hi what can you tell us about the new lease accounting standard the new lease accounting standard is going to docHubly change the way were accounting for leases so right now youre used to seeing the leases as an expense show up on an income statement well now whats going to happen is these leases are actually going to be brought onto the balance sheet its going to be new terminology this will be an asset called a right of use asset and the liability called a lease liability this is going to apply to leases of property plan and equipment and generally those that are greater than 12 months long great so it does sound like we have some balance sheet presentation changes coming our way um will this affect our business owners taxes so for the taxes there actually will not be an effect on taxes um its an account first off its an accounting standard change and then secondly it actually isnt going to have much of an impact at all on the income statement presentation thats