The new rules for lease accounting approved by the Financial Accounting Standards Board go into effect for financial periods starting after Dec. 15, 2018 for public companies, after Dec. 15, 2019 for private companies, and with a modified application for any other financial period presented.
“This year, given all the changes and the excess supply of commodities, will probably be the hardest ever to figure out,” says Ann Duignan, U.S. machinery analyst and managing director of New York-based J.P. Morgan. “2017 is going to be a very interesting year.”
Since the Financial Accounting Standards Board approved new rules for lease accounting that require leases to appear on companies' balance sheets, 7 out of 10 businesses that finance some or all of their equipment are likely to be impacted.
Since the Financial Accounting Standards Board approved new rules for lease accounting that require leases to appear on companies' balance sheets, 7 out of 10 businesses that finance some or all of their equipment are likely to be impacted.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.