{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/033922641daa4f3cae148ff13fc22446\" frameborder=\"0\" width=\"1280\" height=\"960\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":960,"width":1280,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":960,"thumbnail_width":1280,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/033922641daa4f3cae148ff13fc22446-1697760754534.gif","duration":94.171,"title":"Quick Demonstration on Deleting a Lease","description":"In this video, I walk you through a quick demonstration on what happens when you delete a lease. I set up a scenario and ran the balance sheets on November 30th, 2028. Initially, there were three leases totaling $3,300. After deleting one lease, the total decreased to $2,000 and there were only two leases remaining. I explain that when a lease is deleted, it is completely wiped out from all financial reports, including journal entries, balance sheets, income statements, cash flow statements, and disclosures. I also emphasize the importance of keeping the lease until it is completely washed out from all financial reports before deleting it."}