![]() ![]() In this circumstance, a lessee should gather as much information from the supplier regarding their basis for establishing the price in the arrangement. A good or service that is unique to a supplier may not have market comparisons. ![]() For example, a lessee may be able to estimate market rents for a new lease from similar, though not identical, lease arrangements, by estimating the impact of the differences between the two arrangements. Inputs are not required to be supplier specific or identical similar leased products in the market can be useful observable data points provided the information is both consistent and comparable. Assets do not need to be identical for their inputs to be considered observable. Transfers and servicing of financial assetsĮstimating standalone prices will require judgment when identical goods or services are not readily available in the marketplace. ![]() Revenue from contracts with customers (ASC 606) Loans and investments (post ASU 2016-13 and ASC 326) Investments in debt and equity securities (pre ASU 2016-13) Insurance contracts for insurance entities (pre ASU 2018-12) Insurance contracts for insurance entities (post ASU 2018-12) IFRS and US GAAP: Similarities and differences Business combinations and noncontrolling interestsĮquity method investments and joint ventures ![]()
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