Question: Let s explore whether we can reclassify this lease or use some creative interpretation of ASC 8 4 2 to reduce the liability on our
Lets explore whether we can reclassify this lease or use some creative interpretation of ASC to reduce the liability on our books. Maybe we can argue that the economic use of the asset no longer exists and derecognize it Ive also heard that if we stop using the space and list it for sublease even if we don't have a subtenant yet it might justify partial derecognition
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