For compliance with FAS 13’s future minimum rent commitment disclosures, you need to report the future rents by year for the first five years, then combine all future years as “Thereafter.” ASC 842 states that the disclosure must be by year for "at least five years." Sometimes companies wish to show a different number of years separately. Select the number of years you want reported separately. The default is 5.
If you have the optional Asset Retirement Obligations module, this number is also used for the number of future years reported separately on the ARO Roll Forward report.
This option is selected in File/System Options.