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ASC 842 Refresher: Modifications & Impairment

Here’s a refresher on ASC 842’s guidance for contract modifications/reassessments and impairment.
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Now that companies have completed the heavy lift of initial lease implementation, they should not forget some potential year-two issues, most notably Accounting Standards Codification (ASC) 842’s guidance on contract modifications/reassessments and impairment. This article provides a quick refresher on key considerations.

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If you have any questions or need assistance, please reach out to a professional at Forvis Mazars.

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