Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
ASC 840 LEASES
ASC 840, Leases, and its subtopics establish standards of accounting and reporting by lessees and lessors for leases overall, and for specific classifications of leases. ASC 840 applies to all entities. However, to be considered a lease the right to use property, plant, or equipment must be transferred from one contracting party to the other. There are four possible classifications that apply to a lease from the standpoint of the lessor. They are operating, sales‐type, direct financing, and leveraged. According to ASC 840, if substantially all of the benefits and risks of ownership have been transferred to the lessee, the lessee records the lease as a capital lease at its inception. ASC 840‐40 clarifies that leases that involve land and buildings or leases in a sale‐leaseback transaction potentially qualify as leveraged leases if the criteria to qualify as a leveraged lease are met.
ASC 840 LEASES
ASC 840, Leases, and its subtopics establish standards of accounting and reporting by lessees and lessors for leases overall, and for specific classifications of leases. ASC 840 applies to all entities. However, to be considered a lease the right to use property, plant, or equipment must be transferred from one contracting party to the other. There are four possible classifications that apply to a lease from the standpoint of the lessor. They are operating, sales‐type, direct financing, and leveraged. According to ASC 840, if substantially all of the benefits and risks of ownership have been transferred to the lessee, the lessee records the lease as a capital lease at its inception. ASC 840‐40 clarifies that leases that involve land and buildings or leases in a sale‐leaseback transaction potentially qualify as leveraged leases if the criteria to qualify as a leveraged lease are met.
ASC 840 LEASES
Herman, R. Paul (Autor:in) / De Morais Sarmento, Elsa (Autor:in)
Wiley GAAP 2021 ; 1075-1140
09.03.2021
66 pages
Aufsatz/Kapitel (Buch)
Elektronische Ressource
Englisch
| Wiley | 2019
| Wiley | 2019
| Wiley | 2018
| Engineering Index Backfile | 1929
| Wiley | 2021