{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/330/978/#50-disclosure","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"330","topic_title":"Inventory","subtopic":"330-978","subtopic_title":"Real Estate—Time-Sharing Activities","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"330-978-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">See paragraph <a href=\"/asc/330/978/#330-978-35-1\" class=\"xref\">978-330-35-1</a> for disclosure requirements for changes in estimates used to perform the <a href=\"/glossary/r/#relative-sales-value-method\" class=\"term\" title=\"The relative sales value method is similar to a gross profit method and is used to allocate inventory cost and determine cost of sales in conjunction with a sale. Under the relative sales value method, cost of sales is calculated as a percentage of net sales using a cost-of-sales percentage—the ratio of total estimated cost (including costs to complete, if any) to total estimated time-sharing revenue. Time-sharing revenue is calculated as total expected future revenue adjusted for total expected future bad-debt expense.\"><span>relative sales value method</span></a>.</div></div>","snippet":"See paragraph 978-330-35-1 for disclosure requirements for changes in estimates used to perform the relative sales value method.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be6b9f4a08043b89350e26f0732d1e576354acfebd7063faaffd34d5c23f8e89","downloaded_from":"2026-09-09T23:53:53.503Z","last_downloaded_at":"2026-09-09T23:53:53.503Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478260","source_sha256":"96a675f9640ee76cbe59043a2cd73ee08adc5db805c998e3046332df5f810545"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98e70f7992aea9ecf742ad70a4d371be235d0d18ea44d35fb912ce33b9850716","downloaded_from":"2026-09-09T23:53:53.503Z","last_downloaded_at":"2026-09-09T23:53:53.503Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478260","source_sha256":"96a675f9640ee76cbe59043a2cd73ee08adc5db805c998e3046332df5f810545"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a98747a13fc2947f8564a3b57793183bc40ae782615c9b8fa4b886b9278e4a6f","downloaded_from":"2026-09-09T23:53:53.503Z","last_downloaded_at":"2026-09-09T23:53:53.503Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478260","source_sha256":"96a675f9640ee76cbe59043a2cd73ee08adc5db805c998e3046332df5f810545"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a98747a13fc2947f8564a3b57793183bc40ae782615c9b8fa4b886b9278e4a6f","downloaded_from":"2026-09-09T23:53:53.503Z","last_downloaded_at":"2026-09-09T23:53:53.503Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478260","source_sha256":"96a675f9640ee76cbe59043a2cd73ee08adc5db805c998e3046332df5f810545"}}