The lease term is the noncancelable period for which a lessee has the right to use an underlying asset, modified by any renewal or termination options that are "reasonably certain" to be exercised, or not exercised. Options whose exercise is under the control of the lessor are automatically included. The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles. You will complete research during this collaboration to find the specific citation that describes the guidelines for determining when the lessee should reassess the term of the lease. Within your initial post, you will provide the Requirement, Topic, Subtopic, Section, and Paragraph numbers. Additionally, upon reading the information, you will discuss how this impacts financial statement reporting. After completing your initial post, you will respond to two peers based on the guidelines listed below: REQUIREMENTS: Your initial post should answer the questions above with a minimum of 150 words