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Ben from LeaseQuery introduces the present value tool for transitioning lease portfolios from old rules to new standards (ASC 840 to ASC 842, IAS 17 to IFRS16, legacy GASB to GASB 87). The tool helps with transparency and comparability in accounting for leases, moving away from simple operating lease expense recording. This video explains the importance of the tool, how to find it on the website, and how to use it.