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This chapter discusses the following topics:
  • Subleases
  • Sales of leased assets
  • Sales of lease receivables and unguaranteed residual assets
  • Sales of equipment with guaranteed minimum resale amount
  • Business combinations
  • Remeasurement of right-of-use asset to functional currency
  • Lessor operating leases – impact of collectibility on revenue and receivables
  • Application of CECL to leasing
  • Leasehold improvements

Lessors may execute lease transactions using limited partnerships, joint ventures, and trusts. Special-purpose lessor entities are also frequently used to structure leases, including synthetic leases. These lessor entities, as well as similar entities employed by a lessee, should be evaluated to determine whether they should be consolidated by the lessor or lessee. See PwC’s Consolidation guide for more information.

PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

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