First things first: Let’s set some definitions straight, because straight-line expense is different from straight-line amortization and straight-line...

A sale and leaseback agreement is a transaction where the seller of an asset becomes the lessee and the purchaser becomes the lessor. Nothing changes...

Updated on April 10, 2023: The first amendment in this update allows for private and certain not-for-profit entities to use the written terms of the...