{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/842/50/#55-implementation-guidance-and-illustrations","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":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"842-50-55-1","para":"55-1","html":"
Although the carrying amount of an asset acquired previously may not differ significantly from its fair value, it is unlikely that the two will be the same. However, regulated utilities have argued that the carrying amounts of certain of their assets always equal the fair value based on the utility's ability to recover that cost in conjunction with a franchise to sell a related service in a specified area. That argument is not valid when considering the value of the asset to a third-party purchaser that does not own that franchise.
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A delayed equity investment frequently obligates the lessor to make up the shortfall between rent and debt service in the first several years of the transaction. The type of recourse debt resulting from the delayed equity investment does not contradict the notion of nonrecourse and, therefore, does not preclude leveraged lease accounting as long as other requirements of leveraged lease accounting are met. The lessor's related obligation should be recorded as a liability at present value at lease inception.
","snippet":"A delayed equity investment frequently obligates the lessor to make up the shortfall between rent and debt service in the first several years of the transaction. The type of recourse debt resulting from the delayed equit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9134e1700979b4677552055dff475f0167ee835794d293d54b98068f2761ccef","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-3","para":"55-3","html":"
Recognition of the liability would increase the lessor's net investment on which the lessor bases its pattern of income recognition. While the increase to the net investment results in an increase in income, it may be offset by the accrual of interest on the liability.
","snippet":"Recognition of the liability would increase the lessor's net investment on which the lessor bases its pattern of income recognition. While the increase to the net investment results in an increase in income, it may be of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59913937a77babef7c6e87d5984a148ac51d6b42c088476a9c1a60ece84cc103","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-4","para":"55-4","html":"
The accounting for income taxes related to leveraged leases set forth in this Subtopic is not consistent with the guidance in Topic 740 on income taxes.
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The integration of the results of accounting for income taxes related to leveraged leases with the other results of accounting for income taxes as required by Topic 740 is an issue if all of the following exist:
  1. a
    The accounting for a leveraged lease requires recognition of deferred tax credits.
  2. b
    The guidance in Topic 740 limits the recognition of a tax benefit for deductible temporary differences and carryforwards not related to the leveraged lease.
  3. c
    Unrecognized tax benefits in this paragraph could offset taxable amounts that result from future recovery of the net investment in the leveraged lease.
","snippet":"The integration of the results of accounting for income taxes related to leveraged leases with the other results of accounting for income taxes as required by Topic 740 is an issue if all of the following exist:\n(a) The …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c44d879f2a4cba009ef13a3b79fe28fee7c841f07d36dc234f0de2d44ea08a62","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:95838276d1e94bbfbfac5b2eed0b007837ec1bfc501e13271b32046bb1366bba","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"842-50-55-6","para":"55-6","html":"
This Example illustrates a lessor's accounting for a leveraged lease in accordance with the guidance in this Subtopic. It also illustrates one way of meeting the disclosure requirements in paragraphs 842-50-45-1 and 842-50-50-1 as applied to a leveraged lease. The Example does not encompass all circumstances that may arise about leveraged leases; rather, the Example is based on a single instance of a leveraged lease. The elements of accounting and reporting illustrated for this Example of a leveraged lease are as follows:
  1. a
    Cash flow analysis by years (see paragraph 842-50-55-8)
  2. b
    Allocation of annual cash flow to investment and income (see paragraph 842-50-55-9)
  3. c
    Journal entries for lessor's initial investment and first year of operation (see paragraph 842-50-55-10)
  4. d
    Financial statements including notes at end of second year (see paragraph 842-50-55-11)
  5. e
    Accounting for a revision in the estimated residual value of the leased asset assumed to occur in the eleventh year of the lease (from $200,000 to $120,000):
    1. 1
      Revised allocation of annual cash flow to investment and income (see paragraph 842-50-55-12)
    2. 2
      Balances in investment accounts at beginning of the eleventh year before revised estimate (see paragraph 842-50-55-13)
    3. 3
      Journal entries (see paragraph 842-50-55-14)
    4. 4
      Adjustment of investment accounts (see paragraph 842-50-55-15).
","snippet":"This Example illustrates a lessor's accounting for a leveraged lease in accordance with the guidance in this Subtopic. It also illustrates one way of meeting the disclosure requirements in paragraphs 842-50-45-1 and 842-…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aa7db35662eabffe73f48bce9adff36b4f4ca359d5f3a559c17175d57dcda525","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-7","para":"55-7","html":"
This Example has the following terms and assumptions.
","snippet":"This Example has the following terms and assumptions.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4f5304978767bb65ed46562d63166cf64c3d75956f8ff88175db43543a3900c6","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-8","para":"55-8","html":"
Cash flow analysis by years follows.
","snippet":"Cash flow analysis by years follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe82d2b46caecc9e0f902afb728c86d2c1c2a58fdb8f6b1e32c03d40e2a3bc5a","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-9","para":"55-9","html":"
Allocation of annual cash flow to investment and income follows.
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Illustrative journal entries for the year ending December 31, 1975, follow.
","snippet":"Illustrative journal entries for the year ending December 31, 1975, follow.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:90c5175dbcb951d7f639d6ecc7e934775f6afd18b02e9e179d20d2a0cdb6dbc0","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-11","para":"55-11","html":"
The following are illustrative partial financial statements including notes. The following are notes to the illustrative financial statements included in this Example.
","snippet":"The following are illustrative partial financial statements including notes.\nThe following are notes to the illustrative financial statements included in this Example.\nInvestment in Leveraged Leases\nEntity is the lessor …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c1a5ce864d498c10864e57fff12313b19392825adc204150cdf641c54d0707a","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-12","para":"55-12","html":"
Allocation of annual cash flow to investment and income follows, revised to include new residual value estimate.
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Balances in investment accounts before revised estimate of residual value follow.
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Illustrative journal entries involving a reduction in residual value follow.
","snippet":"Illustrative journal entries involving a reduction in residual value follow.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ca2cb6c4e92fb51d8840cc3d02e664df399fa3f2929c159aaf7e754a9e4e66d","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-15","para":"55-15","html":"
Adjustment of investment accounts for revised estimates of residual value follows.
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This Example illustrates integration of the results of a lessor's income tax accounting for leveraged leases (in accordance with the guidance in this Subtopic) with the other results of accounting for income taxes as required by Topic 740.
","snippet":"This Example illustrates integration of the results of a lessor's income tax accounting for leveraged leases (in accordance with the guidance in this Subtopic) with the other results of accounting for income taxes as req…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:06d1022cec80ca9543eea54412291adfaefe343c05ac41da15f885bd899c84df","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-17","para":"55-17","html":"
At the end of Year 1 (the current year), an entity has two temporary differences.
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The first temporary difference is for a leveraged lease that was entered into in a prior year. During Year 1, the enacted tax rate for Year 2 and thereafter changes from 40 percent to 35 percent.
","snippet":"The first temporary difference is for a leveraged lease that was entered into in a prior year. During Year 1, the enacted tax rate for Year 2 and thereafter changes from 40 percent to 35 percent.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c7f66a76c9eadd123ea18158149780dead07e89e41afe3f01509eda3094adc4d","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-19","para":"55-19","html":"
After adjusting for the change in estimated total net income from the lease as a result of the change in tax rates, the components of the investment in the leveraged lease at the end of Year 1 are as follows.
","snippet":"After adjusting for the change in estimated total net income from the lease as a result of the change in tax rates, the components of the investment in the leveraged lease at the end of Year 1 are as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63d7436889a8ed42832f9a7383e02282d33f9b929fb5df9c7a081607757297c2","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-20","para":"55-20","html":"
The second temporary difference is a $120,000 estimated liability for warranty expense that will result in a tax deduction in Year 5 when the liability is expected to be paid. Absent consideration of the deferred tax credits attributable to the leveraged lease, the weight of available evidence indicates that a valuation allowance is needed for the entire amount of the deferred tax asset related to that $120,000 deductible temporary difference.
","snippet":"The second temporary difference is a $120,000 estimated liability for warranty expense that will result in a tax deduction in Year 5 when the liability is expected to be paid. Absent consideration of the deferred tax cre…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ad1650734347f588f7ceb094edf5ce0a4b94699a42340f77a173065561e2093","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-21","para":"55-21","html":"
The tax basis of the investment in the leveraged lease at the end of Year 1 is $41,000. The amount of the deferred tax liability for that leveraged lease that would otherwise result from the application of guidance in Topic 740 on income taxes is determined as follows.
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Loss carryback (to Year 2) and loss carryforward (to Year 20) of the $120,000 tax deduction for warranty expense in Year 5 would offset the $100,000 of taxable amounts resulting from future recovery of the net investment in the leveraged lease over the remainder of the lease term.
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At the end of Year 1, the entity recognizes a $42,000 ($120,000 at 35 percent) deferred tax asset and a related $7,000 valuation allowance. The effect is to recognize a $35,000 net deferred tax benefit for the reduction in deferred tax credits attributable to the leveraged lease. Deferred tax credits attributable to the leveraged lease determined under the guidance in this Subtopic are $39,000. However, the deferred tax liability determined is only $35,000. The $4,000 difference is not available for offsetting.
","snippet":"At the end of Year 1, the entity recognizes a $42,000 ($120,000 at 35 percent) deferred tax asset and a related $7,000 valuation allowance. The effect is to recognize a $35,000 net deferred tax benefit for the reduction …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e25a4ebee3270d6c769bc0b214856354573749f3761c0c160c52439f342b061e","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-24","para":"55-24","html":"
This Example illustrates how (in accordance with the guidance in paragraph 842-50-35-13 and other paragraphs) a lessor would include advance payments and deposits in a recalculation of a leveraged lease resulting from a determination by the lessor that it would enter into a settlement of a tax position arising from a leveraged lease.
","snippet":"This Example illustrates how (in accordance with the guidance in paragraph 842-50-35-13 and other paragraphs) a lessor would include advance payments and deposits in a recalculation of a leveraged lease resulting from a …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:54e027c8d83cee53abe944ea9694ab5436b2eef3fd1308f1a2750fa31b92e4f7","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-25","para":"55-25","html":"
This Example assumes that the lessor has concluded that the position originally taken on the tax return would meet the more-likely-than-not threshold in Subtopic 740-10 on income taxes. It also assumes that the lessor would conclude that the estimate of $50 for the projected lease-in, lease-out settlement is consistent with the measurement guidance in that Subtopic.
","snippet":"This Example assumes that the lessor has concluded that the position originally taken on the tax return would meet the more-likely-than-not threshold in Subtopic 740-10 on income taxes. It also assumes that the lessor wo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4cb495ed45f83f36e8d6f7c522e19e6e880cd93c4acb7005ed8729de1762554","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-26","para":"55-26","html":"
A lessor makes an advance payment of $25 on July 1, 2007, $10 of which is estimated to be associated with issues arising from a lease-in, lease-out transaction. On July 1, 2007, the lessor changes its assumption about the timing of the tax cash flows and projects a settlement with the Internal Revenue Service on September 1, 2009. The projected settlement would result in a payment to the taxing authority of $125 of which $50 is associated with the lease-in, lease-out transaction. On July 1, 2007, when the lessor recalculates the leveraged lease, the lessor would include a $50 cash flow on September 1, 2009, as a projected outflow in the leveraged lease recalculation.
","snippet":"A lessor makes an advance payment of $25 on July 1, 2007, $10 of which is estimated to be associated with issues arising from a lease-in, lease-out transaction. On July 1, 2007, the lessor changes its assumption about th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1e92cee8b4e0ac7da8f9bc0c55fc93ac985ea8ce685f4a7959ec1402ab68fbc5","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-27","para":"55-27","html":"
This Example illustrates one way that a lessor's investment in a leveraged lease might be valued by the acquiring entity in a business combination or an acquisition by a not-for-profit entity and the subsequent accounting for the investment in accordance with the guidance in this Subtopic. The elements of accounting and reporting illustrated for this Example are as follows:
  1. a
    Acquiring entity's cash flow analysis by years (see paragraph 842-50-55-29)
  2. b
    Acquiring entity's valuation of investment in the leveraged lease (see paragraph 842-50-55-30)
  3. c
    Acquiring entity's allocation of annual cash flow to investment and income (see paragraph 842-50-55-31)
  4. d
    Journal entry for recording allocation of purchase price to net investment in the leveraged lease (see paragraph 842-50-55-32)
  5. e
    Journal entries for the year ending December 31, 1984 (Year 10 of the lease) (see paragraph 842-50-55-33).
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This Example has the following terms and assumptions.
","snippet":"This Example has the following terms and assumptions.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3cfdce8b7d3b242c2a1416708183f973c36461276b09b6035cfc6f0801e8cb0f","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-29","para":"55-29","html":"
Acquiring entity's cash flow analysis by years follows.
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Acquiring entity's valuation of investment in the leveraged lease follows.
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Acquiring entity's allocation of annual cash flow to investment and income follows (see footnote (a)).
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Illustrative journal entry for recording allocation of purchase price to net investment in the leveraged lease follows.
","snippet":"Illustrative journal entry for recording allocation of purchase price to net investment in the leveraged lease follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:980972c1fa10e989750410817da1dd3d300d2342f7f92b065e8016c235243d54","downloaded_from":"2026-09-10T01:58:27.334Z","last_downloaded_at":"2026-09-10T01:58:27.334Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479679","source_sha256":"6f80143c8810b647d78ac2c3bc852a858df7b3d7e2eaf33078cab74879afa830"}},{"citation":"842-50-55-33","para":"55-33","html":"
Illustrative journal entries for year ending December 31, 19Y4, follows.
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