Table:
|  | As of December 31, 2019 | As of December 31, 2018 |
| --- | --- | --- |
| Unbilled receivables | $142.3 | $126.1 |
| Prepaid income tax | 185.8 | 125.1 |
| Value added tax and other consumption tax receivables | 71.3 | 86.3 |
| Prepaid assets | 56.8 | 40.5 |
| Prepaid operating ground leases | — | 165.0 |
| Other miscellaneous current assets | 57.4 | 78.2 |
| Prepaid and other current assets | $513.6 | $621.2 |
Paragraphs:
AMERICAN TOWER CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular amounts in millions, unless otherwise disclosed)
2. PREPAID AND OTHER CURRENT ASSETS
Prepaid and other current assets consisted of the following:
The reduction in Prepaid operating ground leases is a result of the reclassification of assets to the Right-of-use asset in connection with the Company’s adoption of the new lease accounting standard.
Question:
Why was there a reduction in prepaid operating ground leases?
Answer: reclassification of assets to the Right-of-use asset in connection with the Company’s adoption of the new lease accounting standard.