Chang-Zhang Lease Consultants (CZLC) took advantage of recent changes in lease accounting at the US and International levels to provide structuring and accounting consulting advice to its corporate clients during the accounting transition. In its presentation to the CFO and Controller, CZLC demonstrates how various accounting assumptions will affect the operating lease liability amount reported in the balance sheet under the new rules. The accounting assumption (i.e. no cash effects) likely to have the largest impact on the reported operating lease liability is: The assumed discount rate o Whether users will classify the lease liability as operating or non-operating The depreciation method used by the firm o None. There is no balance sheet amount anymore for lease liabilities