Hi All, I am working on a paper regarding the new lease accounting standard and would appreciate any insights on how to do the calculations to record operating leases in the B/S. As an example, if a company leases copy machines and the lease agreement states a monthly amount for payments, but it also states that there would be extra charges if the entity goes over an amount of copies during the month (i.e. the monthly payment is $8500 but there would be an extra $0.25 charge per page if it goes over 75K copies during the month) what would be the payment amount to use when determining the PV for the Right-of-use asset to be recorded? In addition, what would be the treatment for maintenance amount included within the lease? Your answers would be greatly appreciated.
