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use asset

Where Does ROU Asset Go On Balance Sheet?

January 24, 2024 by Ahmed Ali

Where Does ROU Asset Go On Balance Sheet? A right of use asset refers to the amount recognized by a lessee on its balance sheet that represents its right to use an asset under a lease contract. It is either presented on the face of the balance sheet or as part of fixed assets. What

Categories Finance and Business Tags asset, fixed assets, lease liability, noncurrent assets, use asset

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