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New accounting standards affect leased vehicles

Both the International Accounting Standards Board (IASB) and the Financial Standards Accounting Board (FASB) have recently issued new accounting standards related to lease assets.

Both the International Accounting Standards Board (IASB) and the Financial Standards Accounting Board (FASB) have recently issued new accounting standards related to lease assets. For public companies following FASB standards, the effective date for implementation is for the fiscal year beginning on or after December 15, 2018. For all other companies, the effective date of the FASB standard will be for the fiscal year beginning on or after December 15, 2019. The IFRS standards for all

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