Tax & Accounting Blog

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LEASE ACCOUNTING RULES IMPACTING TRANSPORTATION COMPANIES

The new lease accounting rules will have a significant impact on the financial statements of transportation companies leasing real property, equipment, vehicles and other fixed assets. The new lease rules apply to all leases with a term of more than one year and go into effect for nonpublic companies with fiscal years beginning after December 15, 2019. Learn five ways the new lease rules may affect transportation companies.