Accounting for an Interest in the Residual Value of a Leased Asset:
- Acquired by a Third Party or
- Retained by a Lessor That Sells the Related Minimum Rental Payments
Issued:
December 1986
Effective Date:
December 17, 1986, for transactions entered into on or after June 18, 1986
Affects:
No other pronouncements
Affected by:
Paragraph 12 replaced by FAS 125, paragraph 241, and FAS 140, paragraph 356
Issues Discussed by FASB Emerging Issues Task Force (EITF)
Affects:
Nullifies EITF Issue No. 85-32
Resolves EITF Issue No. 84-25
Interpreted by:
No EITF Issues
Related Issues:
No EITF Issues
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