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Hey everyone. If youre watching this video its probably because you have a question or two concerning uh - the hairy topic of embedded leases. umAs we know, in laymans terms an embedded lease is going to be a scenario where we have a service contract or arrangement that has an asset thats either explicitly or implicitly stated umand pretty much it falls under the scope of whatever lease accounting standard youre complying with. In this example, lets go with asc 842. umHowever that could be a very difficult evaluation to perform essentially if youre not familiar with the nuances of the guidance - or more so what dictates, or what - what a embedded lease asset is defined as. So thats where we come into play. On our home page at leasequery.com theres a resources section where you can find our free tools. And within the free tool section theres going to be an embedded lease test and thats going to be an analysis where you get to go thro
