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In this YouTube video, host Sarah Cage and co-host Adam Olson, along with guest Ty Cotter, discuss the topic of embedded leases, particularly in the context of private companies required to adopt the new lease accounting guidance ASC 842 in 2022. Ty Cotter shares insights from his experience in implementing this guidance. The discussion aims to help listeners identify their leases and provide a refresher for those who have already adopted the standard. Adam emphasizes the importance of defining what constitutes a lease under U.S. GAAP as a foundational step before delving deeper into the topic of embedded leases.