{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/340/910/","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.","number":"340-910","topic":"340","title":"Contractors—Construction","area":"Assets","paragraphs":4,"summary":"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 Every substantive paragraph (05-1, 15-1, and 50-1) was superseded by ASU 2014-09 (the revenue recognition standard), so the subtopic is now an empty shell with no operative guidance. 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b\">Accounting Standards Update</strong></td><td class=\"entry\"><strong class=\"ph b\">Date</strong></td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><a href=\"/asc/340/910/#340-910-05-1\" class=\"xref\">910-340-05-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/340/910/#340-910-15-1\" class=\"xref\">910-340-15-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/340/910/#340-910-50-1\" class=\"xref\">910-340-50-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" 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Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:48f7d8fe562a5f549a36f4c4c5a0241e9dc207f653816f55cef9d96d538c2638","downloaded_from":"2026-09-09T23:56:47.153Z","last_downloaded_at":"2026-09-09T23:56:47.153Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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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":["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."],"categories":["Transition and effective dates","Revenue","Industry-specific","Initial measurement"],"audience_level":"introductory","student_note":"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.","related_topics":["340-40","606","910","912-340","605-35"],"key_concepts":["superseded guidance","precontract costs","construction contractors","costs to obtain a contract","costs to fulfill a contract","deferred contract costs"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d32597a882b08e1b4aee6ada74d548fe9a61bca9916cdf1b6991ae3956c7b988","downloaded_from":"2026-09-09T23:56:37.773Z","last_downloaded_at":"2026-09-09T23:56:47.153Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"310-910","title":"Contractors—Construction","topic_title":"Receivables","score":0.8773,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c14bc76542f659d706517b48f2bc66f3c860ba46776569a647832005347c528c","downloaded_from":"2026-09-09T23:28:06.186Z","last_downloaded_at":"2026-09-09T23:28:18.985Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"405-910","title":"Contractors—Construction","topic_title":"Liabilities","score":0.8564,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b868ff234b1279d50f6fd0e499460e6fe4ba3f002091eaadb6ee0b87dff81b3","downloaded_from":"2026-09-10T00:16:06.424Z","last_downloaded_at":"2026-09-10T00:16:15.597Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"340-915","title":"Development Stage Entities","topic_title":"Other Assets and Deferred Costs","score":0.8324,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59c36fa63c09ff0748131fa5b2891b5af50a17d2263c8a01143d452a65d2c7c8","downloaded_from":"2026-09-09T23:56:51.161Z","last_downloaded_at":"2026-09-09T23:57:08.174Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"340-952","title":"Franchisors","topic_title":"Other Assets and Deferred Costs","score":0.8264,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1e6c6e96439e405ca0f3690cf42922833b64275682ed56cefe359c0e9e2ef87a","downloaded_from":"2026-09-09T23:58:29.537Z","last_downloaded_at":"2026-09-09T23:58:41.693Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not 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Equipment","score":0.8193,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff52c8cda49b455e49208922a6c6cb2e2cb54d79316bb28cbaa0dcfa9a95e024","downloaded_from":"2026-09-10T00:07:59.323Z","last_downloaded_at":"2026-09-10T00:08:11.902Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"340-40","title":"Contracts with Customers","topic_title":"Other Assets and Deferred 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