# ASC 842-980-35: Leases — Regulated Operations — 35 Subsequent Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/842/980/#35-subsequent-measurement)

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## ASC 842-980-35: 35 Subsequent Measurement

[Read section](https://asc.understandingaccounting.org/asc/842/980/#35-subsequent-measurement)

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#### Sale and Leaseback Transactions

##### [842-980-35-1](https://asc.understandingaccounting.org/asc/842/980/#842-980-35-1)

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If the sale and leaseback transaction is accounted for as a financing and the sale is recognized for rate-making purposes, the total of interest imputed under the interest method for the financing and the depreciation of the underlying asset shall be modified to equal the total lease expense and the gain or loss allowable for rate-making purposes.