Does Your Contract Have an Embedded Lease?


Download this free worksheet to help determine whether your contract includes an embedded lease under GASB-87

Some contracts will not specify that they are leases but rather have characteristics within them that indicate the contract includes payments for the right-to-use an underlying capital asset (e.g. a building, vehicle, equipment, etc.). These types of leases are called embedded leases because they are included within nonlease contracts (e.g., service contracts) and involve control of the right to use another entity’s nonfinancial asset.

This worksheet will guide you through the process of determining if your contract includes an embedded lease under GASB 87.


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