Please help me. Thank you

In the old days, prior to ASC 842, if a lessee entered into an operating lease, none of the lease liability nor the ROU asset would be recorded on the balance sheet. This allowed companies to carefully structure their leases to fail all 5 tests (actually there used to be only 4 tests, the alternative use is new to ASC 842) and thus be an operating lease. The result was that the company had entered into a contract that required it to make payments annually for the leased equipment, but there was no liability for this showing up on the balance sheet. Contrast that with ASC 842 where even an operating lease is required to be accrued onto the balance sheet. I would like your thoughts on whether you think the new accounting under ASC 842 is better than the old accounting for operating leases and why you think that. Additionally, comment on for whom you think the accounting is better