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FASB issues narrow-scope improvements to lessor accounting

  • FASB document Image

Dec 11, 2018

The FASB has issued Accounting Standards Update (ASU) No. 2018-20, “Narrow-Scope Improvements for Lessors.”

The ASU makes amendments related to sales taxes and other similar taxes collected from lessees, certain lessor costs, and recognition of variable payments for contracts with lease and nonlease components.

For more in­for­ma­tion, see the press release and ASU on the FASB’s Web site.

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