How to Account for Partial Lease Terminations

How to Account for Partial Lease Terminations

Is it a termination? How to account for a termination Reassessing classification Remeasuring the lease liability Remeasuring the right-of-use asset Partial termination accounting with example Approach 1: Proportionate change in the lease liability Approach 2:...
Tax Treatment of Deferred Rent Under ASC 840 and 842

Tax Treatment of Deferred Rent Under ASC 840 and 842

What is deferred rent? What are deferred taxes? Tax expense recognized under ASC 842 Initial direct costs Deferred tax examples and journal entries: Applying to lease accounting Summary Related articles You may wonder – with the deferred rent classification...
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