PwC’s Leases guide is a comprehensive resource for lessees and lessors to account for leases under newly issued US GAAP guidance codified in ASC 842, Leases. Calendar year-end public business entities will need to adopt the new leases standard on January 1, 2019.
So that you’re ready to adopt the standard, this guides examines:
Chapter 2, Scope, has been updated as follows:
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