Nearly a year since the Tax Cuts and Jobs Act was signed, there are still a number of questions about how to apply the new law but some areas, such as valuation, are beginning to get some clarity.
Valuations for real estate, real property, machinery & equipment, lifing studies and more
Within the ASU guidelines, there are two main thresholds to determine if an entity is a business.
Identifying, measuring and applying the adjustment for EO can be a complex and iterative process.
FASB guidance addresses inconsistency and weakness in existing revenue recognition and lease accounting requirements.