SEC guidance on operating leases

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21 Feb 2005

Deloitte (USA) has published a special edition of our (PDF 106k) discussing certain recent clarifications by the SEC staff regarding lessee accounting for operating leases.

These clarifications apply to all SEC registrants, domestic and foreign, regardless of industry. The clarifications relate to amortisation of leasehold improvements, rent holidays, and landlord-tenant incentives. Some new disclosures are specified.

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