What does ROU mean? What is the full form of ROU?

The Full Form of ROU is Right of Use.

The right-of-use asset is a lessee’s right to use an asset over the life of a lease. The asset is calculated as the initial amount of the lease liability, plus any lease payments made to the lessor before the lease commencement date, plus any initial direct costs incurred, minus any lease incentives received.

ROU

means

Right of Usehow to pronounce Right of Use

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What does ROU mean? What is the full form of ROU?
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