# ASC 840-20-40: Leases — Operating Leases — 40 Derecognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/840/20/#40-derecognition)

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## ASC 840-20-40: 40 Derecognition

[Read section](https://asc.understandingaccounting.org/asc/840/20/#40-derecognition)

SEC content: no

### Lessees

##### [840-20-40-1](https://asc.understandingaccounting.org/asc/840/20/#840-20-40-1)

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[Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/).

##### [840-20-40-2](https://asc.understandingaccounting.org/asc/840/20/#840-20-40-2)

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[Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/).

### Lessors

##### [840-20-40-3](https://asc.understandingaccounting.org/asc/840/20/#840-20-40-3)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [840-20-40-4](https://asc.understandingaccounting.org/asc/840/20/#840-20-40-4)

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[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [840-20-40-5](https://asc.understandingaccounting.org/asc/840/20/#840-20-40-5)

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[Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/).

##### [840-20-40-6](https://asc.understandingaccounting.org/asc/840/20/#840-20-40-6)

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[Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/).