What Is Rou - Asc 842 for us gaap, gasb 87 for us government. In other words, the lessee is granted the authority to obtain the economic benefit from the usage of an asset owned by another entity. It represents the lessee’s right to use a leased asset over the lease term. Web a right of use asset, or rou, is a lessee’s right to use an asset over the course of a lease. It is recorded as an intangible asset on the books of the lessee, and is then amortized over the usage period of the underlying assets in the lease.
It represents the lessee’s right to use a leased asset over the lease term. In other words, the lessee is granted the authority to obtain the economic benefit from the usage of an asset owned by another entity. It is recorded as an intangible asset on the books of the lessee, and is then amortized over the usage period of the underlying assets in the lease. Web a right of use asset, or rou, is a lessee’s right to use an asset over the course of a lease. Asc 842 for us gaap, gasb 87 for us government.