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...
GASB Lease Accounting Transition Examples

GASB Lease Accounting Transition Examples

The new lease accounting standard for governmental organizations, GASB Statement No. 87, goes into effect for all reporting periods that begin subsequent to December 15, 2019. Just over a month ago, GASB released the final implementation guide to provide additional...