Case 18-6 logical logistics inc case Analyze the information above, and prepare a memorandum addressing the impact (if any) of the new leasing

Case 18-6

logical logistics inc case

Analyze the information above, and prepare a memorandum addressing the impact (if any) of the new leasing standard on Logical Logistics's arrangements for the following considerations:

1. Determine whether each of Logical Logistics's vendor contracts contains an identified asset.

2.Determine whether each contract conveys the right to control the use of the identified asset to the lessee.