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WASHINGTON - TRALA formally submitted comments today with the Financial Accounting Standards Board (FASB) in response to their Exposure Draft, Proposed Accounting Standards Update Leases Topic 840.
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The FASB and IASB have put a new leasing project on their agendas. The outcome will be the creation of one leasing standard applied worldwide. Is this the beginning of the end of off-balance sheet accounting for fleet leases?
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