Straight-Line Rent Calculation for Leases under US GAAP

Straight-Line Rent Calculation for Leases under US GAAP

1. Straight-line rent calculations for leases: ASC 842 2. Straight-line rent calculation example Steps to calculate straight-line expense annual rent escalation 3. Summary Straight-line recognition is one of the most commonly used accounting methods whereby the total...
Interest Rate Implicit in the Lease under IFRS 16 Explained

Interest Rate Implicit in the Lease under IFRS 16 Explained

1. What is the implicit interest rate under IFRS 16? Implicit rate: ASC 842 vs. IFRS 16 2. Example: Calculate the interest rate implicit in a lease under IFRS 16 3. Accounting for COVID-19 lease concessions Example 4. Summary What is the implicit interest rate under...