Status of Interpretation No. 26

Accounting for Purchase of a Leased Asset by the Lessee during the Term of the Leaseā€”an interpretation of FASB Statement No. 13


September 1978

Effective Date:
For purchases of leased property recorded as of December 1, 1978

No other pronouncements

Affected by:
Paragraph 5 amended by FAS 141(R), paragraph E33, and FAS 164, paragraph E17

Other Interpretive Pronouncement:
FTB 79-18

*Note: Amendments as a result of the issuance of FAS 141(R) are effective for business combinations with an acquisition date on or after the beginning of the first annual reporting period beginning on or after 12/15/08.

Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides