# ASC 842-40-50: Leases — Sale and Leaseback Transactions — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/842/40/#50-disclosure)

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## ASC 842-40-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/842/40/#50-disclosure)

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##### [842-40-50-1](https://asc.understandingaccounting.org/asc/842/40/#842-40-50-1)

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If a seller-lessee or a buyer-lessor enters into a sale and leaseback transaction that is accounted for in accordance with paragraphs [842-40-25-4](https://asc.understandingaccounting.org/asc/842/40/#842-40-25-4) and

[842-40-30-1 through 30-3](https://asc.understandingaccounting.org/asc/842/40/#842-40-30-1)

, it shall provide the disclosures required in paragraphs

[842-20-50-1 through 50-10](https://asc.understandingaccounting.org/asc/842/20/#842-20-50-1)

for a seller-lessee or paragraphs

[842-30-50-1 through 50-13](https://asc.understandingaccounting.org/asc/842/30/#842-30-50-1)

for a buyer-lessor.

##### [842-40-50-2](https://asc.understandingaccounting.org/asc/842/40/#842-40-50-2)

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In addition to the disclosures required by paragraphs

[842-20-50-1 through 50-10](https://asc.understandingaccounting.org/asc/842/20/#842-20-50-1)

, a seller-lessee that enters into a sale and leaseback transaction shall disclose both of the following:

1.  a
    
    The main terms and conditions of that transaction
    
2.  b
    
    Any gains or losses arising from the transaction separately from gains or losses on disposal of other assets.