ASC 842: Lease Component, non-lease component, non-component
Resources
AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
Abstract yellow image
Resources

ASC 842: Lease Component, non-lease component, non-component

1 year ago · 246.3 KB Download

FREE ACCOUNT

ACCESS

Resource

available

The initial and subsequent measurement guidance in Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 842, Leases, applies only to lease components. So, after determining that a contract is or contains a lease, the lessee will need to identify the separate lease and non-lease components within the contract. A lease component is the right to use an underlying asset that meets the definition of a lease. A non-lease component transfers a good or service to the lessee that

Download the CPEA report: FASB ASC 842: Lease Component, Non-Lease Component, Non-Component

File name: cpea-report-fasb-asc-842-lease-component-non-lease-component-non-component.pdf

Reserved for AICPA.org registered users

Log in with your AICPA.org account to gain access to exclusive content

 
Forgotten email
Forgotten password

New to AICPA.org?

Welcome to your home for career success

Register

Related content