- Aug 22, 2017
- Reaction score
We are terminating our facility lease early. Normally, we would write off the remaining book value of our leasehold improvements (as they are not fully amortized yet due to the early termination); however, there is a possibility that we would sublease the facility. My assumption would be that we would still write off the leasehold improvements, as I don't think we can continue to amortize leasehold improvements as we are not the true landlords even if we would sublease. However, I can't find any standards that specifically handle leasehold improvements and subleasing, in order to corroborate my assumption. Can anyone provide any guidance on this issue?