What are the types of Lease Remeasurements?

The chart below provides an overview of the circumstances that could lead to a lease remeasurement and the required actions:

	Reassess for definition of a lease	Reallocate Contract Consideration	Update Discount Rate	Reassess Classification	Remeasure the lease liability and adjust ROU Asset
Contract Modification	X	X	X	X	X
Change in Lease Term		X	X	X	X
Change in Purchase Option Assessment		X	X	X	X
Contingency Resolution (ex: variable payments become lease payments due to contingency resolution)		X			X
Change in Residual Value Guarantee		X			X

Accounting Guidance: