The new FASB ASU 2014-09, Revenue from Contracts with Customers raised questions as to whether grants and similar contracts are in scope of the new guidance (being reciprocal or nonreciprocal)
Undoubtedly the biggest change coming with FASB ASC 842 is that operating leases (with certain exception) are now requires to be reflected on an entity’s balance sheet.
Generally, you can deduct contributions of money or property you make to, or for the use of, a qualified organization (qualified under section 170(c) of the internal revenue code).