Leases Involving Only Part of a Building—an interpretation of FASB Statement No. 13
This Interpretation concerns that portion of FASB Statement No. 13, Accounting for Leases, stating that "when the leased property is part of a larger whole, its cost (or carrying amount) and fair value may not be objectively determinable, as for example, when an office or a floor of a building is leased."
This Interpretation recognizes that reasonable estimates of the leased property's fair value might be objectively determinable from other information if sales of property similar to the leased property do not exist.