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Accounting for COVID-19 Lease Concessions

LeaseQuery’s lease accounting experts explain the accounting options for lease concessions granted due to COVID-19. The new relief provisions offered by the FASB for efficient lease accounting during the pandemic will be covered, along with several examples of how to apply.

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Rent Abatement and Rent-Free Period Accounting under ASC 842

Rent Abatement and Rent-Free Period Accounting under ASC 842

1. What is rent abatement? 2. Example: Accounting for rent abatement and rent-free periods under ASC 842 3. Summary 4. Related articlesFor a simple operating lease, calculating the straight-line rent expense involves summing the total cash payments and dividing the...

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