ASC 842 definition

ASC 842 shall have the meaning provided in the definition of “Capital Lease”.
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ASC 842 means Accounting Standards Codification Topic 842, Leases.
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ASC 842 has the meaning set forth in Section 1.2(c).
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Examples of ASC 842 in a sentence

  • ASC 842 requires a lessee to discount its unpaid lease payments using the interest rate implicit in the lease or, if that rate cannot be readily determined, its incremental borrowing rate.

  • The Company has deferred the adoption of ASC 842 under U.S. GAAP until July 1, 2022.

  • Under ASC 842, the right-of-use assets must be amortized over the remaining operating terms which resulted in the acceleration of rent expense for the stores that the Company plans to close.

  • Leases are identified in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 842, Leases.

  • Reflects amortization expense for certain intangible assets reclassified from depreciation and amortization to rent expense due to the adoption of ASC 842, Leases and deferred rent benefit related to the impairment of right-of-use operating lease assets.


More Definitions of ASC 842

ASC 842 means Accounting Standards Codification 842, as published by the Financial Accounting Standards Board.
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ASC 842 means Financial Accounting Standards Board Accounting Standards Codification 842.
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ASC 842 means Financial Accounting Standards Board ASU No. 2016.02, Leases (Topic 842), as in effect and applicable to fiscal years and interim periods beginning immediately before December 15, 2018.
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ASC 842 means as provided in Section 1.03(a).
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ASC 842 means the Financial Accounting Standards Board Accounting Standards Codification No. 842, Consolidation, as amended, supplemented or modified from time to time and any successor or replacement codification or interpretation.
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ASC 842 means Accounting Standards Codification No. 842 adopted by the Financial Accounting Standards Board. “business day(s)” has the meaning set forth in Rule 14d-1(g)(3) of the Exchange Act.
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ASC 842 means Accounting Standards Codification Topic 842, Leases. Artisan Partners Holdings LP Note Purchase Agreement
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