Search results with tag "Accounting for leases under asc"

Accounting for Leases Under ASC 842 - BDO

In February 2016, the Financial Accounting Standards Board (“FASB”) issued new lease accounting guidance in ASU 2016-02, Leases (“ASC 842”). Under its core principle, a lessee recognizes a right -of-use (“ROU”) asset and a related lease liability on …

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