FAQ: Lessee accounting for right-of-use assets in operating leases (Updated April 14, 2020)
Read our updated FAQ on the subsequent measurement of right-of-use assets in operating leases.
Wondering how to assess whether right-of-use assets in operating leases are impaired?
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.
Also listen to our podcast on 5 things you need to know about lessee right-of-use assets.
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