This is a codification assignment. Attached in the pictures is the question.

all AT&T 4G AC323 Intermediate Accounting I|| Codification Assignment - Total value = 270 points. Please note this assignment has 2 parts. To successfully answer both parts, you will need to access the FASB Accounting Standards Codification with the link and credentials provided below via the American Accounting Association. htt : aaah .or ascLo in.cfm FASB Codication Student Access Credentials Username - AAA58259 Password F8ue3AK PART 1: Determine the specific codification citation for each item 1 4 listed below. List specific references using the codification address methodology (i.e. "FASB ASC 470-10-50-1\"). This assignment can also be found in your textbook on page 903 Assignment E 15-32. (Value = 5 points each = 20 Total for Part 1) Hint: For part I, you'll reference ASC section 840. 1. Definition of bargain purchase option. 2. The calculation of the lessons gross investment in a salestype lease. 3. The disclosures required in the notes to the financial statements for an operating lease. 4. The disclosures necessary in the notes to the financial statements if the operating lease has a lease term greater than one year. PART 2: Written Assignment Total value 250 points for Part 2. Please provide written discussion (1 - 2 pages) covering the following items. Read about and familiarize yourself with the new leases standard (ASC topic 842) on pages 917- 927 of your textbook. Public companies will have to start complying with this new leases standard for calendar year 2019 (2020 for all other companies). After reading about the new leases standard in your textbook, reference the Accounting Standards Codification (ASC) as it relates to ASU 2016-02, found in ASC section 842, Leases. After familiarizing yourself with the new leases standard in the textbook and finding ASC section 842 online, discuss the following points: (1) the right-ofuse model; (2) the five requirements for a lessee to classify a lease as a finance lease and the same lease for the lessor as a sales-type lease, (3) the lease classification alternative for a lessee when requirements in part {2) are not met, (4) the lease classification alternatives for a lessor when requirements in part (2) are not met, (5) the requirements for accounting for a lease modification as a separate contract, and (6) the requirement for an entity when a lease modification is not accounted for as a separate contract. (70 points) 11:33 AM At least two references (textbook and ASC at a minimum) must be utilized. Hint: The AICPA's Journal of Accountancy is an EXCELLENT reference for you. The references should be properly listed on a separate sheet of pa per under a heading labeled "References" (10 points). They must also be properly cited within your discussion using APA 5'" ed. style (5 points). Please review APA 15'h ed. Style Guide or visit Perdue University's Dnline Writing Lab (OWL) for properly citing a work. The link is: https://ow|.eng|ish.purdue.edu/ow|/resource/SGO/U1/ For the discussion portion of this assignment be sure to construct an introduction, body and conclusion (10 points). Use 12 pt. Times New Roman font and double-space your paper. As always, the use of proper grammar and spelling is anticipated (5 points). 11:33 AM Codication Assignment Rubric Correct Partially Correct Incorrect ASC Citation (5 points) 5 points 2.5 points 0 points ASC Citation (5 points) 5 points 2.5 points 0 points ASC Citation (5 points) 5 points 2.5 points 0 points ASC Citation (5 points) 5 points 2.5 points I] points Research and discussion of new leases 220 points 1-219 points 0 points literature. (220 points) Reference sheet with at least 2 references listed. 10 points 1-9 points 0 points (10 points) Citation of references within written discussion. 5 points 1-4 points 0 points (5 points) Paper properly constructed with introduction, 10 points 1-9 points 0 points body and closing transitions. [10 points) Proper grammar and spelling utilized within 5 points 1-4 points 0 points paper. (5 points) TOTAL POINTS POSSIBLE: 270