Bookkeeping

How to Account for a Lease Termination including Partial Lease Terminations under ASC 842

A separate form for each transfer, in triplicate, must be filed for each lease out of which a transfer is made. The BLM does not require triplicate copies of the assignment or transfer when it is electronically submitted. Copies of documents other than the current form approved by the Director must not be submitted. However, …

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