Wiley Practitioner's Guide to GAAP 2022

55ASC 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
  • Lessor Accounting
    • Operating Leases
    • Sales‐type Leases
    • Direct Financing Leases
    • 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
  • Leases Involving Real Estate and Equipment
  • Leases Involving Only Part of a Building
    • Lessee Accounting
    • Lessor Accounting
  • Sale‐Leaseback Transactions
    • Retention of Rights to Use the Property
    • Sale‐Leaseback Involving Real Estate
  • Other Lease Issues
    • Accounting for a Sublease
    • Lease Escalations
  • Lessee Involvement in Asset Construction
    • Construction Period Rent Associated with Land and Building Leases
    • Transfer of Construction Period Risks
  • Change in Residual Value
  • Change in the Provisions of a Lease
  • Early Termination of a Lease