Lease Accounting Calculator Overview The Lease Accounting Calculator skill implements ASC 842 and IFRS 16 lease accounting requirements. It calculates right-of-use assets and lease liabilities, handles lease modifications, and supports lease classification determination. Capabilities Lease Classification Determination - Finance vs. operating lease criteria (ASC 842) - Ownership transfer assessment - Purchase option evaluation - Lease term vs. economic life - Present value vs. fair value test - Specialized nature consideration Right-of-Use Asset Calculation - Initial measurement components - L…