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Lease Modification: ASC 842 Analysis

Determines if a lease change should be treated as a new lease or a remeasurement.

Analyze a modification to an existing lease for {asset_description}. The modification {modification_details} (e.g., adds space or changes the term). Determine if this is a 'Separate Contract' or a 'Remeasurement' of the existing lease. Provide the journal entry to adjust the ROU Asset and Lease Liability.

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