Investors in certain equity investments (e.g. certain investments in renewable energy projects that generate tax credits) may elect the proportional amortization method by tax credit program.
|
Public business entities |
All other entities |
Annual and interim periods – Fiscal years beginning after |
December 15, 2023 |
December 15, 2024 |
Early adoption permitted? |
Yes |
Yes |
The scope, recognition and measurement provisions of the ASU:
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