FAR – Leases – Initial direct costs

  • Creator
    Topic
  • May 20, 2013 at 4:04 pm #177624
    Tux
    Member

    What’s the rule with Initial Direct Costs for a lease for both GAAP and IFRS?

    I’m not sure how to treat it in different circumstances.

    Is this correct?

    Operating Lease:

    GAAP – capitalized?

    IFRS – capitalized?

    Capital (finance) lease:

    GAAP –

    sales type – expensed?

    direct financing – capitalized?

    IFRS – capitalized?

    FAR - 86 - 2/27/14
    AUD - 75 - 5/29/14
    BEC - 80 - 8/31/14
    REG - 89 - 2/27/15
    Praise Jesus! I'm done!!

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