Provides a study and analysis of all generally accepted accounting principles, explaining all pronouncements with relevant terminology and practice-oriented, real-world examples.Example Marcie Corporation occupies a warehouse under a five-year operating lease commencing January 1, 2010, and expiring December 31, 2014. The lease contains three successive options to renew the lease for additional five-year periods. The options are not bargain renewals as they call for fixed rentals at the prevailing fair market rents that will be in effect at ... Consequently, for the purpose of determining the amortizable life of any leasehold improvements made by Marcieanbsp;...
|Title||:||Wiley GAAP 2010|
|Author||:||Barry J. Epstein, Ralph Nach, Steven M. Bragg|
|Publisher||:||John Wiley & Sons - 2009-10-12|