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emmalee
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Joined: 01 Oct 2011
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Posts: 5

Posted: 01 Oct 2011 at 18:47 \| IP Logged

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

I am currently studying for the FAR section (using Wiley) and the study material states "Improvements made in lieu of rent should be expensed in the period incurred."

As I'm studying for the exam, I like to cross-reference to accounting guidance. 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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divyagovil1
Major Contributor

Joined: 30 Jan 2009
Location: India
Online Status: Offline
Posts: 1456

Posted: 09 Nov 2011 at 00:37 \| IP Logged

This is basically the tax treatment for leasehold
improvements.

You may refer this article:
http://www.ehow.com/facts_7483733_tax-treatment-leasehold-
improvements.html

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