{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/842/50/#50-disclosure","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":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"842-50-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_E720CBEB-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If leveraged leasing is a significant part of the <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>lessor's</span></a> business activities in terms of revenue, net income, or assets, the components of the net investment balance in <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 leases</span></a> as set forth in paragraph <a href=\"/asc/842/50/#842-50-25-1\" class=\"xref\">842-50-25-1</a> shall be disclosed in the notes to financial statements.</span></span></div></div>","snippet":"If leveraged leasing is a significant part of the lessor's business activities in terms of revenue, net income, or assets, the components of the net investment balance in leveraged leases as set forth in paragraph 842-50…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8227e7f5c385422b7091ada11a81fcf71d079b2ab0ac56abe786f02f44291685","downloaded_from":"2026-09-10T01:58:25.544Z","last_downloaded_at":"2026-09-10T01:58:25.544Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479711","source_sha256":"f4b2a1b08f172b33977c946451a1df7ada58d2167fd1f2cf5cdbfa7b169528b2"}},{"citation":"842-50-50-2","para":"50-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-BBA8F821-DEC2-4854-A68E-78C4AAC86F37\"><span class=\"sfragment-source\">For guidance on disclosures about financing receivables, which include receivables relating to a lessor's rights to payments from leveraged leases, see the guidance in Subtopic <a altsource=\"GUID-B92DF57A-D31A-4A52-999E-127107B41EED.ditamap\" class=\"ditamap\">326-20</a> on financial instruments measured at amortized cost.</span></span></div></div>","snippet":"For guidance on disclosures about financing receivables, which include receivables relating to a lessor's rights to payments from leveraged leases, see the guidance in Subtopic 326-20 on financial instruments measured at…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:180200cdaac56e7c31e851bc7efd8d459fefd95e8df2f9f4b245e657dfc3caae","downloaded_from":"2026-09-10T01:58:25.544Z","last_downloaded_at":"2026-09-10T01:58:25.544Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479711","source_sha256":"f4b2a1b08f172b33977c946451a1df7ada58d2167fd1f2cf5cdbfa7b169528b2"}},{"citation":"842-50-50-3","para":"50-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_E720CEB5-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If accounting for the effect on leveraged leases of the change in tax rates results in a significant variation from the customary relationship between income tax expense and pretax accounting income and the reason for that variation is not otherwise apparent, the lessor shall disclose the reason for that variation.</span></span></div></div>","snippet":"If accounting for the effect on leveraged leases of the change in tax rates results in a significant variation from the customary relationship between income tax expense and pretax accounting income and the reason for th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8a694e0d7cc37a3ffa2f054343a9507a037a089fcc9da9952939fc345ebf397","downloaded_from":"2026-09-10T01:58:25.544Z","last_downloaded_at":"2026-09-10T01:58:25.544Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479711","source_sha256":"f4b2a1b08f172b33977c946451a1df7ada58d2167fd1f2cf5cdbfa7b169528b2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9fbc99b0c5a91465bea7e4a9c23fd7a9387b3e40f2d89820c9b5ea5ee6b5dc5","downloaded_from":"2026-09-10T01:58:25.544Z","last_downloaded_at":"2026-09-10T01:58:25.544Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not 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