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Q&A Forum

How frequently is your Company planning on updating its IBR under ASC 842?

Is your Company updating the IBR on every date a new lease is booked or is a rate updated monthly or quarterly and then used for all leases booked in that time period?

Answers

Ava Isla
Title: Accountant Manager
Company: Find Accountants Ltd
(Accountant Manager, Find Accountants Ltd) |

The new guidance requires lessees to examine a number of factors related to appropriately accounting for their leases.

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