(Answered) Plant assets please respond to the followingresearch the

Accounting

"Plant Assets" Please respond to the following:

Research the FASB's new ASU on leasing and discuss its impact on the airline industry, a heavy user of off balance sheet leases. A good introduction to the issue is provided here.

In addition, consider the three methods for depreciating plant assets. Recommend the method that maximizes reported profits for both a shorter period of time and a longer period of time. Discuss any impact on cash flow that should also be considered. Click here for a video explaining these issues.

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