FASB issues risk-free rate rule to cut costs for nonpublic lessees

FASB issues risk-free rate rule to cut costs for nonpublic lessees

Nonpublic lessees such as private companies, not-for-profits, and employee benefit plans will be permitted to elect risk-free rates for lease accounting by class of underlying asset rather than at the entitywide level under a new rule issued Thursday by FASB.
Source: JOA News
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