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Chapter 8 — Lessee Accounting

8.7 Derecognizing a Lease

8.7 Derecognizing a Lease

Footnotes

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A partial termination occurs when the parties in an existing lease agree to terminate the lessee’s right to use (1) some of the assets under the lease (e.g., discrete pieces of equipment) or (2) a portion of an asset (e.g., one of several leased floors in an office building).