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CONTENT BY
Ben Belk, Lease Accounting Consultant

Asset Capitalization Explained with a Lease Example

1. What is capitalization in accounting? How assets are capitalized 2. Capitalized right-of-use asset example 1: Capital/Finance lease Classification test 3. Capitalized right-of-use asset example 2: Operating lease 4. SummaryTo understand capitalization, start with...

Lease Commencement Date and Start Date for US GAAP Accounting Explained

1. Determining the lease start date and lease term under ASC 840 2. Determining the lease start date and lease term under ASC 842 3. Examples of finding a lease start date 4. Complications and subjectivity under ASC 842 Renewal options Termination options Short-term...