video1.0<iframe src="https://www.loom.com/embed/033922641daa4f3cae148ff13fc22446" frameborder="0" width="1280" height="960" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>9601280Loomhttps://www.loom.com9601280https://cdn.loom.com/sessions/thumbnails/033922641daa4f3cae148ff13fc22446-1697760754534.gif94.171In 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.