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Figure LG 10-1 summarizes the effective dates for adopting the leases standard. Early adoption is permitted for both public and nonpublic business entities.
Figure LG 10-1
Leases standard effective dates
Type of entity
Effective date
Public business entities

A not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or over-the-counter market (except for those entities that have not yet issued financial statements or made financial statements available for issuance as of June 3, 2020 reflecting adoption of ASC 842).

An employee benefit plan that files or furnishes financial statements to the SEC
  • Fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018
A not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or over-the-counter market that have not yet issued financial statements or made financial statements available for issuance as of June 3, 2020 reflecting adoption of ASC 842.
  • Fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019
All other entities not included above
  • Fiscal years beginning after December 15, 2021 and interim periods within fiscal years beginning after December 15, 2022
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