{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/340/915/","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":"340-915","topic":"340","title":"Development Stage Entities","area":"Assets","paragraphs":6,"summary":"ASC 340-915 formerly provided guidance on other assets and deferred costs for development stage entities, but every paragraph in the subtopic (Sections 05, 15, 25, and 35) was superseded by Accounting Standards Update No. 2014-10. As a result, there is no longer any incremental GAAP for deferred costs that is specific to development stage entities; such entities apply the same recognition and measurement guidance as any other reporting entity.","concepts":["development stage entity","superseded guidance","deferred costs","other assets","start-up costs"],"categories":["Transition and effective dates","Recognition","Financial statement presentation"],"level":"introductory","topic_title":"Other Assets and Deferred Costs","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"340-915-00-1","para":"00-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following table identifies the changes made to this Subtopic.</div><div class=\"norm-text\"><table class=\"asc-table\" id=\"SL51807701-203526\"><tr><td class=\"entry\"><strong class=\"ph b\">Paragraph</strong></td><td class=\"entry\"><strong class=\"ph b\">Action</strong></td><td class=\"entry\"><strong class=\"ph 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\"><strong class=\"ph b\">Development Stage Entity</strong></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</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/340/915/#340-915-05-1\" class=\"xref\">915-340-05-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/340/915/#340-915-15-1\" class=\"xref\">915-340-15-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/340/915/#340-915-25-1\" class=\"xref\">915-340-25-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/340/915/#340-915-35-1\" class=\"xref\">915-340-35-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Accounting Standards Update No. 2014-10</a></td><td class=\"entry\">06/10/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/340/915/#340-915-35-2\" class=\"xref\">915-340-35-2</a></td><td class=\"entry\">Superseded</td><td 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class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-10</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e93b4fe115bf741a541c643fb3fbc81cd94ac0c7a76701f514a7cf561792a88d","downloaded_from":"2026-09-09T23:57:08.174Z","last_downloaded_at":"2026-09-09T23:57:08.174Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477237","source_sha256":"bb3660b2ecbab7138f36d73cda09bf23e329ecf02c36aa8a10b9683e90a82b5e"}},{"citation":"340-915-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-10/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 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As a result, there is no longer any incremental GAAP for deferred costs that is specific to development stage entities; such entities apply the same recognition and measurement guidance as any other reporting entity.","key_points":["All content of this subtopic — 340-915-05-1, 340-915-15-1, 340-915-25-1, and 340-915-35-1 through 35-2 — was superseded by ASU 2014-10.","ASU 2014-10 eliminated the concept of a development stage entity from U.S. GAAP, removing the specialized incremental reporting requirements formerly found in Topic 915.","Because no substantive guidance remains, an entity formerly meeting the development stage entity definition accounts for other assets and deferred costs under the general guidance in Topic 340 and other applicable Topics.","Preexisting references to development stage entity deferral practices (for example, deferring organization or start-up type costs) are no longer supported by this subtopic; see Subtopic 720-15 for start-up costs.","Students should treat this subtopic as a historical placeholder retained in the Codification only to record the supersession and its effective date."],"categories":["Transition and effective dates","Recognition","Financial statement presentation"],"audience_level":"introductory","student_note":"Exam or research traps here are citation traps: if you find guidance pointing to 340-915, note it is entirely superseded by ASU 2014-10 and apply general GAAP instead. 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Sheet","score":0.8713,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ab8fd3910ad14871aee5abbef4242967741d4c51d7d24b30978cbdf2555d3b1d","downloaded_from":"2026-09-09T22:59:54.936Z","last_downloaded_at":"2026-09-09T23:00:06.175Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"235-915","title":"Development Stage Entities","topic_title":"Notes to Financial 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