Napkin definition
Operating lease accounting traditionally kept leases off the with rent expense on a straight-line basis; under 116 lessees generally recognize ROU assets instead, while classification still matters for lessors and analysis.
Change the lens
Like I'm 5™ is your default. Curious how an investor or beginner would put this?
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.