{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/842/30/#05-overview-and-background","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","topic":"842","topic_title":"Leases","subtopic":"842-30","subtopic_title":"Lessor","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"842-30-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_E4F93913-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic addresses accounting by <a href=\"/glossary/l/#lessor\" class=\"term\" title=\"An entity that enters into a contract to provide the right to use an underlying asset for a period of time in exchange for consideration.\"><span>lessors</span></a> for <a href=\"/glossary/l/#lease\" class=\"term\" title=\"A contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration.\"><span>leases</span></a> that have been classified as <a href=\"/glossary/s/#sales-type-lease\" class=\"term\" title=\"From the perspective of a lessor, a lease that meets one or more of the criteria in paragraph 842-10-25-2 and is not an operating lease in accordance with paragraph 842-10-25-3A.\"><span>sales-type leases</span></a>, <a href=\"/glossary/d/#direct-financing-lease\" class=\"term\" title=\"From the perspective of a lessor, a lease that meets none of the criteria in paragraph 842-10-25-2 but meets the criteria in paragraph 842-10-25-3(b)and is not an operating lease in accordance with paragraph 842-10-25-3A.\"><span>direct financing leases</span></a>, or <a href=\"/glossary/o/#operating-lease\" class=\"term\" title=\"From the perspective of a lessee, any lease other than a finance lease. From the perspective of a lessor, any lease other than a sales-type lease or a direct financing lease.\"><span>operating leases</span></a> in accordance with the requirements in Subtopic <a altsource=\"GUID-90DC7ABA-6FDB-4794-B87E-88E002C4BA2E.ditamap\" class=\"ditamap\">842-10</a>. Lessors should follow the requirements in this Subtopic as well as those in Subtopic <a altsource=\"GUID-90DC7ABA-6FDB-4794-B87E-88E002C4BA2E.ditamap\" class=\"ditamap\">842-10</a>.</span></span> </div> </div>","snippet":"This Subtopic addresses accounting by lessors for leases that have been classified as sales-type leases, direct financing leases, or operating leases in accordance with the requirements in Subtopic 842-10. Lessors should…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:83a92dc3b8392c8cd0b2920e0124599330ff1c513dfeae9eff97a506424df901","downloaded_from":"2026-09-10T01:57:08.661Z","last_downloaded_at":"2026-09-10T01:57:08.661Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479670","source_sha256":"e807fb92727752126cc3047fc9337b093ea7af87ff60615edbd05cc511dad126"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:218ec47ef2ed7ac90afb6b5c82a9c3e95c531309d5bb4713a3058dbd6723dfe2","downloaded_from":"2026-09-10T01:57:08.661Z","last_downloaded_at":"2026-09-10T01:57:08.661Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479670","source_sha256":"e807fb92727752126cc3047fc9337b093ea7af87ff60615edbd05cc511dad126"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:afde6639c10939d3ca4871ddc27e0f695165280bf881f7b51850d6a0fff9636f","downloaded_from":"2026-09-10T01:57:08.661Z","last_downloaded_at":"2026-09-10T01:57:08.661Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479670","source_sha256":"e807fb92727752126cc3047fc9337b093ea7af87ff60615edbd05cc511dad126"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:afde6639c10939d3ca4871ddc27e0f695165280bf881f7b51850d6a0fff9636f","downloaded_from":"2026-09-10T01:57:08.661Z","last_downloaded_at":"2026-09-10T01:57:08.661Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479670","source_sha256":"e807fb92727752126cc3047fc9337b093ea7af87ff60615edbd05cc511dad126"}}