Plant Assets&nbsp&nbspPlease respond to the followingResearch th

Plant Assets’  Please respond to the following:Research the FASB’s new ASU on leasing and discuss its impact on the airline industry, a heavy user of off balance sheet leases. A good introduction to the issue is provided here.In addition, consider the three (3) methods for depreciating plant assets. Recommend the method that maximizes reported profits for both a shorter period of time and a longer period of time. Discuss any impact on cash flow that should also be considered.  Click here for a video explaining these issues.