Long-Term Manhattan Office Lease: Considered an Asset or not?
If my large corporate employer signed a million sq ft building in Manhattan for a 20+ year lease, would that generally be considered a capital lease and be counted as an asset on their books? If so, how would a devaluation of the property impact the books?
[{"id": "hc9yc13", "text": "Apparently this [isn\u2019t a thing anymore. ](https://www.accountingtools.com/articles/what-are-the-criteria-for-a-capital-lease.html)", "replies": [{"id": "hcahdx3", "text": "Thank you!", "replies": [], "depth": 2}], "depth": 1}, {"id": "hcb6u1w", "text": "great IFRS question", "replies": [], "depth": 1}]