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Lease table - a unique Amazon DynamoDB table that is used to keep track of the shards in a KDS data stream that are being leased and processed by the workers of the KCL consumer application.

In lease accounting, a right-of-use asset, or ROU asset, is an asset that represents a lessee's privilege to use a leased item over the duration of an agreed-upon lease term. In other words, the lessee is granted the authority to obtain the economic benefit from the usage of an asset owned by another entity.

There are two kinds of accounting methods for leases: operating and capital lease. A vast majority are operating leases. An operating lease is treated like renting -- payments are considered operational expenses and the asset being leased stays off the balance sheet.

What Is Lease Payment? Lease payments refer to the payments where the lessee under the lease agreement has to pay monthly fixed rental for using the asset to the lessor being the owner of such asset, and the asset is generally taken back by the owner after the expiration of the lease term.

The three main types of leasing are finance leasing, operating leasing and contract hire.

Cheap source?It enables the lessee to acquire the asset with a lower investment only. No dilution of ownership?It provides the finance without diluting the ownership or control of the business. Easy replacement of asset?The risk of obsolescence is borne by the lesser.

An operating lease is a contract that permits the use of an asset without transferring the ownership rights of said asset. A finance lease is a contract that permits the use of an asset and transfers ownership after the lease period is complete, and the lessor meets all other contract obligations.