Understanding Lease Accounting Standards by Public Industry, Private Industry, and Region
Summary
The transportation industry includes a wide range of businesses, such as airlines, trucking companies and railroads. The healthcare industry is another major user of leased assets, such as medical equipment and office space. The information technology industry encompasses a wide range of businesses, such as software companies, computer manufacturers and telecommunications providers. Organizations in the information technology industry must comply with ASC 842 and possibly IFRS 16 and the requirements of the Federal Communications Commission (FCC). Government entities, such as city, state and federal agencies, must comply with the requirements of the Governmental Accounting Standards Board (GASB).
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Accounting and Taxes
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Linked Companies
CALUMO
$5M to $10M