ASC 340-910

Contractors—Construction

340 Other Assets and Deferred Costs

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Source downloaded: 2026-09-09T23:56:47.153Z.Record version b30755eeb98e. Effective date must be checked in the source.

In brief

IntroductoryTransition and effective dates Revenue Industry-specific Initial measurement

ASC 340-910 was the construction-contractor branch of the "Other Assets and Deferred Costs" topic, addressing precontract and other deferred costs incurred by construction contractors. Every substantive paragraph (05-1, 15-1, and 50-1) was superseded by ASU 2014-09 (the revenue recognition standard), so the subtopic is now an empty shell with no operative guidance. Costs to obtain and fulfill a contract with a customer are now accounted for under ASC 340-40.

Key points (5)

All content of this subtopic—overview (340-910-05-1), scope (340-910-15-1), and disclosure (340-910-50-1)—was superseded by Accounting Standards Update No. 2014-09.
No recognition, measurement, or disclosure requirements remain in ASC 340-910; the subtopic retains only superseded-paragraph placeholders.
Contractor costs formerly addressed here (e.g., precontract and fulfillment costs) are now evaluated under ASC 340-40, Other Assets and Deferred Costs—Contracts with Customers.
Revenue on construction-type contracts is now recognized under ASC 606 rather than the legacy contractor-specific guidance in ASC 910.
Because the guidance is superseded rather than deleted, the paragraph numbers remain in the Codification to preserve the cross-reference trail from legacy literature.

For students. Do not cite ASC 340-910 as live authority—it is entirely superseded by ASU 2014-09; the common mistake is assuming construction contractors still have industry-specific deferred-cost rules when they must now apply the general ASC 340-40 capitalization tests alongside ASC 606.

superseded guidance precontract costs construction contractors costs to obtain a contract costs to fulfill a contract deferred contract costs

Machine-generated study aid for ASC 340-910. Check the source paragraphs below.

340-910-00Status

Source downloaded: 2026-09-09T23:56:37.773Z.Record version 4211eac86dbe. Effective date must be checked in the source.

340-910-00-1

The following table identifies the changes made to this Subtopic.

Paragraph	Action	Accounting Standards Update	Date

910-340-05-1	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
910-340-15-1	Superseded	Accounting Standards Update No. 2014-09	05/28/2014
910-340-50-1	Superseded	Accounting Standards Update No. 2014-09	05/28/2014