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emmalee
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Joined: 01 Oct 2011
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Posted: 01 Oct 2011 at 18:48 \| IP Logged

What is the accounting guidance/reference for leasehold improvements made by lessees in lieu of rent to the lessor?

I reviewed by Wiley FAR text book and the study material states "Improvements made in lieu of rent should be expensed in the period incurred."

I skimmed FASB 13 and the outlines in the back of my Wiley text but this is not addressed. Where can I find info on this? Is it another FASB pronouncement, Tehnical Bulletin, other?

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ramirezhenry55
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Posted: 15 Jan 2012 at 15:11 \| IP Logged

That is correct. Any improvements shouldered by the lessee instead of rent should be treated outright expense

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