Under ASPE, any initial gain or loss arising from a sale leaseback arrangement which is an operating lease must be recognized over the lease term.

Name: Under ASPE, any initial gain or loss arising from a sale leaseback arrangement which is an operating lease must be recognized over the lease term.
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Under ASPE, any initial gain or loss arising from a sale leaseback arrangement that results in an operating lease is recognized immediately, not over the lease term.

Under ASPE, Any Initial Gain or Loss Arising from a Sale