Account for land and lease assets

Trigger: A land right is acquired, a lease agreement is executed, or an existing lease is modified.

1. Receive lease agreement and land right documentation
2. Classify asset for capitalization or expensing
3. Calculate depletion and amortization based on reserve production
4. Record asset values and lease obligations in the ledger
5. Execute periodic impairment testing
6. Update accounts for lease renewals or expirations

Outcome: Asset values, depletion expenses, and lease obligations are recorded and reconciled in the financial ledger.