FASB has finalized its proposed accounting standard for FASB ASC 842 amendment.

FASB has finalized its proposed accounting standard for FASB ASC 842 amendment. Post a brief explanation of this amendment. How is it different from ASC 840? Evaluate the accounting treatment of leases under this new Standard. Support your answer with examples if needed. You must go to the Codification and view ASC 842 and use this as one of your reference sources. How is it different from ASC 840? Codification link: https://fasb.org/