# ASC 340-910: Other Assets and Deferred Costs — Contractors—Construction Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/340/910/) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:56:37.773Z to 2026-09-09T23:56:47.153Z Record version: sha256:b30755eeb98ee35757206774ab54a48ed83b6b91bdb449cff5174a0aa42a0eec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 340-910: Other Assets and Deferred Costs — Contractors—Construction ### Machine-generated study aids ```json { "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 Every substantive paragraph (05-1, 15-1, and 50-1) was superseded by ASU 2014-09 (the revenue recognition standard), so the subtopic is now an empty shell with no operative guidance. 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[ "All content of this subtopic—overview (340-910-05-1), scope (340-910-15-1), and disclosure (340-910-50-1)—was superseded by Accounting Standards Update No. 2014-09.", "No recognition, measurement, or disclosure requirements remain in ASC 340-910; the subtopic retains only superseded-paragraph placeholders.", "Contractor costs formerly addressed here (e.g., precontract and fulfillment costs) are now evaluated under ASC 340-40, Other Assets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now recognized under ASC 606 rather than the legacy contractor-specific guidance in ASC 910.", "Because the guidance is superseded rather than deleted, the paragraph numbers remain in the Codification to preserve the cross-reference trail from legacy literature."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dates", "Revenue", "Industry-specific", "Initial measurement" ], "audience_level": "introductory", "student_note": "Do not cite ASC 340-910 as live authority—it is entirely superseded by ASU 2014-09; the common mistake is assuming construction contractors still have industry-specific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" ] } ``` Source downloaded (UTC): 2026-09-09T23:56:37.773Z to 2026-09-09T23:56:37.773Z Record version: sha256:4211eac86dbec5a9a13f6a65f6181ef0e3f57d858af803e79d608f982c44a0b4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 340-910-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/340/910/#00-status) SEC content: no ##### [340-910-00-1](https://asc.understandingaccounting.org/asc/340/910/#340-910-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:56:37.773Z to 2026-09-09T23:56:37.773Z Record version: sha256:b425f42db31d75fbabcd4f0c318986105dca40d648e84f2f7696104c33cba493 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
910-340-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
910-340-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
910-340-50-1SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-09T23:56:40.584Z to 2026-09-09T23:56:40.584Z Record version: sha256:edb4cc84c11e4bebf2dc57ec546c5216d5af75b96ca1db76ddafbd23db9afa0f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 340-910-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/340/910/#05-overview-and-background) SEC content: no ##### [340-910-05-1](https://asc.understandingaccounting.org/asc/340/910/#340-910-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:56:40.584Z to 2026-09-09T23:56:40.584Z Record version: sha256:5e4b7761ee6c0703c3c585d3131e73c523dc244e75a2f73b11882be924e9f1c9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-09T23:56:43.566Z to 2026-09-09T23:56:43.566Z Record version: sha256:5d5193904ad854db8a124280fdfd32025e230899fdba04f566de9a230bf59380 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 340-910-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/340/910/#15-scope-and-scope-exceptions) SEC content: no ##### [340-910-15-1](https://asc.understandingaccounting.org/asc/340/910/#340-910-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:56:43.566Z to 2026-09-09T23:56:43.566Z Record version: sha256:9d527c3131ad4c52b06ffff5afefb69b8b81df5633d974b73c40ce5af831d7c4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-09T23:56:47.153Z to 2026-09-09T23:56:47.153Z Record version: sha256:e5b546093dc51aa996781662d5c6ca22eaa0a8ce7c280db9d67f8e305b3fc396 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 340-910-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/340/910/#50-disclosure) SEC content: no ##### [340-910-50-1](https://asc.understandingaccounting.org/asc/340/910/#340-910-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:56:47.153Z to 2026-09-09T23:56:47.153Z Record version: sha256:48f7d8fe562a5f549a36f4c4c5a0241e9dc207f653816f55cef9d96d538c2638 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).