Table:
|  | Land and buildings | Motor vehicles | Other machinery and equipment | Total |
| --- | --- | --- | --- | --- |
| Balance January 1, 2019 | 23,579 | 1,488 | 620 | 25,687 |
| Additions | 6,475 | 1,588 | 16 | 8,079 |
| Transfer from property, plant and equipment | 459 | – | – | 459 |
| Modifications and reassessments | 75 | 31 | (24) | 82 |
| Retirements | – | – | – | – |
| Depreciation for the year | (6,057) | (1,008) | (268) | (7,333) |
| Foreign currency translation effect | 518 | 43 | 12 | 573 |
| Balance December 31, 2019 | 25,049 | 2,142 | 356 | 27,547 |
Paragraphs:
NOTE 2. RIGHT-OF-USE ASSETS
The Company leases many assets, including land, buildings, houses, motor vehicles, machinery and equipment. Leases typically run up to a period of 5 years, some with an option to renew the lease after the end of the non-cancelable period. Lease payments are renegotiated on a periodic basis; timing is depending on the region and type of lease. The Company has not entered into any sub-lease arrangements.
Right-of-use assets
Question:
What is the lease duration for the company?
Answer: typically run up to a period of 5 years