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What are other costs to consider as they relate to exit and disposal of leases? Should the...

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Accounting

What are other coststo consider as they relate to exit and disposal of leases?

Should the other costsbe accrued as of Dec 31? If not, how does a company recognize thosecosts?

what are some examplesfrom SEC filers of their accounting and disclosures for thesecosts?

Answer & Explanation Solved by verified expert
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ASC 420 establishes an accounting model for costs associated with exit or disposal activities based on the FASBs conceptual framework for recognition of liabilities and fair value measurements Under this model a liability for costs associated with an exit or disposal activity should be recognized and initially measured at fair value only when it is incurred This guidance applies only to    See Answer
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