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liability/receivable reassessment. The lessee is not required to remeasure the lease
liability/receivable or reassess the discount rate solely because of changes in its incremental
borrowing rate.
Lessees will adjust the lease asset by the same amount as the corresponding lease liability,
except if the lease asset’s carrying value is reduced to zero. If this occurs, any remaining
amount will be reported in the resource flows statement as a gain.
For additional information or questions concerning this policy, please contact the FMS GASB 87/96
Core Team at (817) 392-2455 or email zz_Fin_GASB_Core team@fortworthtexas.gov.
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