# ASC 842-50-50: Leases — Leveraged Lease Arrangements — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

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

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## ASC 842-50-50: 50 Disclosure

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

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

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If leveraged leasing is a significant part of the [lessor's](https://asc.understandingaccounting.org/glossary/l/#lessor "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.") business activities in terms of revenue, net income, or assets, the components of the net investment balance in [leveraged leases](https://asc.understandingaccounting.org/glossary/l/#leveraged-lease "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.") as set forth in paragraph [842-50-25-1](https://asc.understandingaccounting.org/asc/842/50/#842-50-25-1) shall be disclosed in the notes to financial statements.

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

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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 amortized cost.

##### [842-50-50-3](https://asc.understandingaccounting.org/asc/842/50/#842-50-50-3)

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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.