Wiley GAAP 2020

56 ASC 840 LEASES¹

• Perspective and Issues
  • Technical Alert
  • Subtopics
  • Scope and Scope Exceptions
• Definitions of Terms
• Concepts, Rules, and Examples
  • Variable Interest Entities
  • Lease or Sale—The Interplay of Lease and Revenue Recognition Accounting
    • ASC 840-10-35, Determining Whether an Arrangement Contains a Lease.
    • Sales with a Guaranteed Minimum Resale Value.
    • Equipment Sold and Subsequently Repurchased Subject to an Operating Lease.
  • Lessee Classification
  • Lessor Classification
    • Distinctions among Sales-type, Direct Financing, and Leveraged Leases.
  • Lessee Accounting
    • Operating Leases.
    • Capital Leases.
    • Example of Accounting for a Capital Lease—Asset Returned to Lessor
    • Example of Accounting for a Capital Lease—Asset Ownership Transferred to Lessee
  • Lessor Accounting
    • Operating Leases.
    • Sales-type Leases.
    • Example of Accounting for a Sales-type Lease
    • Direct Financing Leases.
    • Example of Accounting for a Direct Financing Lease
    • Lease information
    • Leveraged Leases.
    • Example of a Simplified Leveraged Lease
    • Interpretive Guidance
  • Real Estate Leases
  • Leases Involving Only Land
    • Lessee Accounting
    • Lessor Accounting
  • Leases Involving Land and Building
    • Lessee Accounting
    • Computing the Minimum Lease Payments
    • Lessor Accounting.
    • Example of Lessee Accounting for Land and Building Lease Containing Transfer of Title
    • Example of Lessee Accounting for Land and Building Lease without Transfer of Title or Bargain Purchase Option
  • Leases Involving Real Estate and Equipment
  • Leases Involving Only Part ...