{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/842/40/#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":"842-40","subtopic_title":"Sale and Leaseback Transactions","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"842-40-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_E61A09DC-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic addresses accounting for sale and leaseback transactions when a <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>lease</span></a> has been accounted for in accordance with Subtopic <a altsource=\"GUID-90DC7ABA-6FDB-4794-B87E-88E002C4BA2E.ditamap\" class=\"ditamap\">842-10</a> and either Subtopic <a altsource=\"GUID-86E3D53B-CA47-47E5-8BC2-533CDEA8D1A5.ditamap\" class=\"ditamap\">842-20</a> or Subtopic <a altsource=\"GUID-0A5CFFF3-BE6A-4645-A721-6610CEEA9A00.ditamap\" class=\"ditamap\">842-30</a>.</span></span> </div> </div>","snippet":"This Subtopic addresses accounting for sale and leaseback transactions when a lease has been accounted for in accordance with Subtopic 842-10 and either Subtopic 842-20 or Subtopic 842-30.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:336458879654c072e77721ef142fc8254d998f8f40827795bad88be22f77f50b","downloaded_from":"2026-09-10T01:57:38.076Z","last_downloaded_at":"2026-09-10T01:57:38.076Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479639","source_sha256":"0b83b19019fc0206e9b4603bad781e252e0671a9700d15a3d09565e58a7fd176"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2a9df2db1dcb7dd8dcbfde4f7f6eeb67db50d06c276d5e5b1ca89b9c44427ff5","downloaded_from":"2026-09-10T01:57:38.076Z","last_downloaded_at":"2026-09-10T01:57:38.076Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479639","source_sha256":"0b83b19019fc0206e9b4603bad781e252e0671a9700d15a3d09565e58a7fd176"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7d2b7344fe291496a9d51515c3c11cb3674235d8681cc420bd0cbea4385c0c2","downloaded_from":"2026-09-10T01:57:38.076Z","last_downloaded_at":"2026-09-10T01:57:38.076Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479639","source_sha256":"0b83b19019fc0206e9b4603bad781e252e0671a9700d15a3d09565e58a7fd176"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7d2b7344fe291496a9d51515c3c11cb3674235d8681cc420bd0cbea4385c0c2","downloaded_from":"2026-09-10T01:57:38.076Z","last_downloaded_at":"2026-09-10T01:57:38.076Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479639","source_sha256":"0b83b19019fc0206e9b4603bad781e252e0671a9700d15a3d09565e58a7fd176"}}