Concluding classification essay

A lot of debate ranges about NAFTA's meaning – that is, its impact on its three signatory countries. While the United States, Canada and Mexico have all experienced economic growth, higher wages and increased trade since NAFTA’s implementation, experts disagree on how much the agreement actually contributed to these gains, if at all ( for more details on NAFTA pros and cons, see NAFTA's Winners and Losers ). The results are hard to isolate from other, arguably more important developments that have taken place on the continent and globally in the past quarter century.

The third and fourth criteria in ASC 842 reflect the “principles-based” approach in IAS 17, which differed from the “bright-line” classification approach in ASC 840. On its face, the changed wording would appear to indicate that a reporting entity could end up with a different classification under ASC 842, particularly for leases that are structured to have lease terms close to 75 percent of the leased asset’s estimated economic life or to have the present value of the lease payments be slightly less than 90 percent of the asset’s fair value. However, in applying those criteria, paragraph 2 of ASC 842-10-55 indicates that a reporting entity could elect to define “major part of the remaining economic life of the underlying asset” as 75 percent and “equals or exceeds substantially all of the fair value of the underlying asset” as 90 percent. Accordingly, while the FASB provided a more principles-based approach to determining the classification of a lease, it is likely that lessees will elect to continue to use the 75 percent and 90 percent thresholds to determine lease classification. Even though right-of-use assets and lease liabilities associated with operating leases will be recognized on the balance sheet, the income statement differences between the subsequent accounting for finance leases and operating leases will continue to give lessees an incentive to structure leases to obtain operating lease classification. The bright-line criteria that may be elected in applying ASC 842 will continue to facilitate the structuring of arrangements to achieve operating lease classification.

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*All Rights reserved. This study may be copied and used for personal use or use in Bible classes, Sunday School, etc. It may not be reproduced in any form for sale, beyond the cost of production. It would be an encouragement to me if your notified me you were using this study. Thanks. Cooper Abrams. [I have tried to proof the text and hope I have found most of the typos and mistakes. If you find one I would appreciate you notifying me. Thanks again. Click Here to Send Me E-mail


Strengths that accompany this virtue includes those that forge connections to the larger universe and provide meaning:

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concluding classification essay

Concluding classification essay

Please note that Internet Explorer version is not supported as of January 1, 2016. Please refer to this blog post for more information.

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concluding classification essay

Concluding classification essay

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concluding classification essay

Concluding classification essay

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.

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concluding classification essay
Concluding classification essay

Please note that Internet Explorer version is not supported as of January 1, 2016. Please refer to this blog post for more information.

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Concluding classification essay

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concluding classification essay

Concluding classification essay

The third and fourth criteria in ASC 842 reflect the “principles-based” approach in IAS 17, which differed from the “bright-line” classification approach in ASC 840. On its face, the changed wording would appear to indicate that a reporting entity could end up with a different classification under ASC 842, particularly for leases that are structured to have lease terms close to 75 percent of the leased asset’s estimated economic life or to have the present value of the lease payments be slightly less than 90 percent of the asset’s fair value. However, in applying those criteria, paragraph 2 of ASC 842-10-55 indicates that a reporting entity could elect to define “major part of the remaining economic life of the underlying asset” as 75 percent and “equals or exceeds substantially all of the fair value of the underlying asset” as 90 percent. Accordingly, while the FASB provided a more principles-based approach to determining the classification of a lease, it is likely that lessees will elect to continue to use the 75 percent and 90 percent thresholds to determine lease classification. Even though right-of-use assets and lease liabilities associated with operating leases will be recognized on the balance sheet, the income statement differences between the subsequent accounting for finance leases and operating leases will continue to give lessees an incentive to structure leases to obtain operating lease classification. The bright-line criteria that may be elected in applying ASC 842 will continue to facilitate the structuring of arrangements to achieve operating lease classification.

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concluding classification essay

Concluding classification essay

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.

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concluding classification essay

Concluding classification essay

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Concluding classification essay

*All Rights reserved. This study may be copied and used for personal use or use in Bible classes, Sunday School, etc. It may not be reproduced in any form for sale, beyond the cost of production. It would be an encouragement to me if your notified me you were using this study. Thanks. Cooper Abrams. [I have tried to proof the text and hope I have found most of the typos and mistakes. If you find one I would appreciate you notifying me. Thanks again. Click Here to Send Me E-mail


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Concluding classification essay

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