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In depth , PwC US Apr 14, 2020
Read our updated FAQ on the subsequent measurement of right-of-use assets in operating leases.
Under the new leases standard, lessees will need to recognize virtually all of their leases on the balance sheet by recording a right-of-use asset and a lease liability. We’ve recently updated our In depth to add even more responses to frequently asked questions on the subsequent measurement of right-of-use assets in operating leases. Topics include: impairment testing, abandonment, subleases, lease components, and the treatment of right-of-use assets in acquisitions.
Accounting for PP&E and other assets can be a complex area of accounting. Find help in our updated accounting and reporting guide.
We’ve updated our Leases guide for the new effective date for certain entities and to include new interpretive guidance and examples.
Questions on fair value in financial reporting? Check out our updated guide for insights.
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