# ASC 840-20-25: Leases — Operating Leases — 25 Recognition Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/840/20/#25-recognition) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:516eeaf30b2cbdd860ffdabd2620993c935b90152277c112884e1378458a334a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 840-20-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/840/20/#25-recognition) SEC content: no ##### [840-20-25-1](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:54a295da8dca1d3dea5e7ca61adfd8f660563ed9aad225204879af5117d5446d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-2](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:e058c8a2aea915635f2dfe18c0b3bf38e4c9b779c46a22fcccf76e87b6e88198 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-3](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:e8703e4cee29eceb14def76e994c7750e17ecf5c848677223a9019a17816e760 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-4](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:b46dd34aaafb39924cc06fd7ea2169d16acd3be1075869af921c857814c6ef6b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-5](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:6031f695e8f2477345168f9084fc801c4bcab82e129415537a425df160dd0149 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-6](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:c145823b74126bbdaaaf0aebb27d28ee755f6a6de5c0e68dcaaffc15ef6f5753 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-7](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:4988ede9b6045479f1cf96667bdac1036e256ca5c97fd40043025f5f772c3f69 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ### Lessees ##### [840-20-25-8](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:f48aeca7bc6e806571e30be9b168092960dcd46da7169c1697b7bafd7c99f78b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-9](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:eabeb3754ca46bf4761502572ee23130e1c4b195f992e898d01383708644d3d6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-10](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:15e832f127fb9ca1ec3cd969516cfe4d52c3657553be5660c2881f10cb596339 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-11](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-11) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:f498f368b8e8b4d0debb407719aa41a0fcd642d4a14426de1c181c8e695993e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-12](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-12) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:d6c5615629be727a96f724ef7ac03ca6789f6b12e24560551ce091adffefee46 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-13](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-13) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:024dc2c101e7c2265e84b87e8cb5b381431383f91ccb44a8e2ec87c316b2e955 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-14](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-14) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:7c1525cb0c1e6bf83818e680c9aae6859fa26ccc0334025aa99e1b09ff60207c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-15](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-15) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:1e26ef4eb8e018ac9fc2cc13868bc0e80c8a5ecf2204b94def4eacefed5890c9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ### Lessors ##### [840-20-25-16](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-16) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:1e58cab9c477f351b98681e2e21296fe524b8df0c49f53dfef499df7b930e5b8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-17](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-17) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:f593da678e20aee332eda1073c5fb19cc90b5cdb4ffa37935c40c88e7ebe9aa7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-18](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-18) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:96eb2e71e616d3154915e49e265aa18264a945a924f94d86e98539304e3dc1a6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-19](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-19) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:2bcce9c226038fa0f1fb72250c13eb96721568eac3605af7b1a3c9f30f1e3471 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-20](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-20) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:ff9270fe5899b0bbe20c92a8f1b33bff1e1166701a6b720cd01abf0e4b15e872 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-21](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-21) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:cad36516b0dd8a6207a34da4616e41ca846109b969a641d0c85f8f87972e9f64 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [840-20-25-22](https://asc.understandingaccounting.org/asc/840/20/#840-20-25-22) Pending content: no Source downloaded (UTC): 2026-09-10T01:52:48.876Z to 2026-09-10T01:52:48.876Z Record version: sha256:de55e780de947d696fae0dca9b412d080c64f3a31bea1859b1c87a358bb3971b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/)