The Lease Accounting Explainer

Explain how this lease should be accounted for and its effect on my
statements.

The lease: [DESCRIBE — ASSET, TERM, PAYMENTS, OPTIONS]
Standard I report under: [ASC 842 / IFRS 16 / NOT SURE]

Provide:
1. Whether this is on-balance-sheet and the right-of-use asset / lease
   liability it creates
2. How it hits the income statement over the term (and how that differs
   from the old operating-lease treatment)
3. The effect on key ratios (leverage, EBITDA, return on assets)
4. The judgments involved (discount rate, term, options) and how they
   move the numbers
5. What to watch in the disclosures

Keep it practical and flag where my accountant should confirm the
treatment.