{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/842/50/#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":"842-50","subtopic_title":"Leveraged Lease Arrangements","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"842-50-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_E6B9113D-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic addresses accounting 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 meet the definition of a <a href=\"/glossary/l/#leveraged-lease\" class=\"term\" title=\"From the perspective of a lessor, a lease that was classified as a leveraged lease in accordance with the leases guidance in effect before the effective date and for which the commencement date is before the effective date.\"><span>leveraged lease</span></a>.</span></span> </div> </div>","snippet":"This Subtopic addresses accounting for leases that meet the definition of a leveraged lease.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e50f6fc71ae0cdf45f16b9990c2e08d915d92ea65b37fecc3266f58052e2a10","downloaded_from":"2026-09-10T01:58:06.448Z","last_downloaded_at":"2026-09-10T01:58:06.448Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479610","source_sha256":"48192afc224ec41c565591e127dac1bdc0cefb2ebd2c2592e028512810ccbf1a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b67cd83416da15b5c247020ca1e729cc8f25664d4575ecece0b936bf258f76d0","downloaded_from":"2026-09-10T01:58:06.448Z","last_downloaded_at":"2026-09-10T01:58:06.448Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479610","source_sha256":"48192afc224ec41c565591e127dac1bdc0cefb2ebd2c2592e028512810ccbf1a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec196847912d47db51f085fb8e2623efa7196d7d2b4d58f078e891f3719a4a95","downloaded_from":"2026-09-10T01:58:06.448Z","last_downloaded_at":"2026-09-10T01:58:06.448Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479610","source_sha256":"48192afc224ec41c565591e127dac1bdc0cefb2ebd2c2592e028512810ccbf1a"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec196847912d47db51f085fb8e2623efa7196d7d2b4d58f078e891f3719a4a95","downloaded_from":"2026-09-10T01:58:06.448Z","last_downloaded_at":"2026-09-10T01:58:06.448Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479610","source_sha256":"48192afc224ec41c565591e127dac1bdc0cefb2ebd2c2592e028512810ccbf1a"}}