Deloitte
Accounting Research Tool
...
Chapter 3 — Identifying a Lease

3.1 Introduction

3.1 Introduction

As indicated in the decision tree in Section 2.2, whether a contract is within the scope of ASC 842 is only a gating question. Once an entity determines that the contract is within the scope, it must then proceed through the analysis in ASC 842-10-15 to determine whether the contract is or contains a lease.