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Comment Letter - FASB’s proposal to allow a nonpublic lessee to make the risk-free rate election by class of underlying asset

15 Jul 2021
Subject AccountingLink
Topics Leases
Publications Comment letters

Overview

In our comment letter, we support the FASB’s proposal to allow a lessee that is not a public business entity to elect to use a risk-free rate as the discount rate for its leases by class of underlying asset, rather than for all leases as currently required, and believe it would reduce the cost of applying Accounting Standards Codification 842, Leases, for such a lessee.

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