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Won't they just do whatever is most profitable? If continuing to pay even if you aren't using the estate is more profitable that's what they will do - they can
by worrycue 3y ago
Won't they just do whatever is most profitable? If continuing to pay even if you aren't using the estate is more profitable that's what they will do - they can still let employees work from home; would save on the air conditioning and lighting bill.
- theonlybutlet 3y agoYeah, it's not so much the lease liability that's the issue. It's the right of use asset that was recognized. It's a book loss, not impacting actual cash flow. https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2021/07/impairment-rou-assets-talkbook.pdf https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2021/07/impa...