Under the new accounting standard for leases (effective 2019), companies classify all capitalized leases as either:

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Under the new accounting standard effective from 2019, companies classify all capitalized leases as either finance leases or operating leases. This change was part of an effort to increase transparency and comparability among organizations by recognizing lease assets and liabilities on the balance sheet.

Under the New Accounting Standard for Leases (Effective 2019), Companies