Page 115 - SBR Integrated Workbook STUDENT S18-J19

Leases

For further reading, visit Chapter 8 of the Study Text. There is an illustration in
Section 3 that shows how to allocate consideration to a contract that has lease
and non-lease components. Information about sale-and-leaseback transactions
that do not take place at fair value can be found in Section 5.

The following questions in Chapter 8 of the Study Text will provide practice in
key areas:

TYU 1 and 2 – identifying a lease

TYU 3 and 4 – lessee accounting

Illustration 1 – allocating payments to lease/non-lease components

TYU 6 – lessors and lease classifications

TYU 9 – sale and leaseback

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