Monthly/Daily Operating Lease Cost

Calculated by EZLease; found on the Main data tab.

This is displayed only for U.S. entities using the ASC 842 standard.

For an operating lease, the single lease cost (which is equal for the entire life of the lease, unless the lease is revised) is shown. The period length is the one chosen for the system option Accrualcalculation method (typically Monthly for users with calendar month-based fiscal periods, Daily for users with fiscal periods that are day- or week-based). If the lease is finance, zero is shown.

The lease cost is a level amortization of all rent paid, plus initial direct costs, minus lease incentives.