The Impact of ASC 842 – The New Lease Standard Is Here
Construction Business Owner
JUNE 1, 2022
ASC 842 keeps the same two-model lease classification but requires most off-balance-sheet leases, regardless of classification type, to be recorded on the balance sheet. Existing debt covenant calculations may need to be amended as a result of the implementation of the new lease standard. Consider the benefits of practical expedients.
Let's personalize your content