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FASB proposes clarifications to application of new leases standard to land easements

  • FASB document Image

Sep 26, 2017

The FASB has issued a proposed ASU, “Land Easement Practical Expedient for Transition to Topic 842.”

The proposed ASU would “(1) clarify that land easements should be evaluated under Topic 842 and (2) address stakeholder concerns about the costs and complexity of complying with the transition requirements in Topic 842 for land easements not previously assessed under Topic 840 by providing an optional transition expedient.”

Comments on the proposed ASU are due by October 25, 2017. For more information, see the press release and proposed ASU on the FASB’s Web site.

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