FASB Revises New Leases Standard For Lessors
The FASB has issued ASU No. 2018-20, Leases (Topic 842): Narrow-Scope Improvements for Lessors. The ASU is intended to resolve various implementation questions and issues raised by lessors relative to ASU No. 2016-02, Leases (Topic 842),
a pronouncement which significantly modifies the required accounting
treatment for leases and which becomes effective on January 1, 2019 for
public business entities, and on January 1, 2020 for all other entities.