Part 7: Chapter 17 - Leases

a) Poshmark has a non-cancelable operating lease to lease out company office buildings in California, Newark, Canada, India, and Australia. Their headquarter location’s lease expires in May 31st, 2024. The first picture depicts Poshmark’s total contractual obligations. They made leasehold improvements this year resulting in why their depreciation and amortization had a 41% change as seen in the second picture. b) Poshmark does not act as a current lessor. There are not many potential opportunities to act as a lessor because they do not own much plant, property, or equipement due to the e-commerce nature of the business.