# ASC 360-10-45: Property, Plant, and Equipment — Overall — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/360/10/#45-other-presentation-matters) 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): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:3bfbe6dc0d2e817e1c796a8ab090e7bd077e64ca1b7ae26e6c23989ef45c47c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-10-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/360/10/#45-other-presentation-matters) SEC content: no #### Planned Major Maintenance Activities ##### [360-10-45-1](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:add05070cd26e4bcb5a73baf401482dee45cbc468cd8786c38dccdf488ec17ba Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall apply the same method of accounting for planned major maintenance activities in annual and interim financial reporting periods. ### Impairment or Disposal of Long-Lived Assets ##### [360-10-45-2](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:61058109ebf5e0b1bf53d234bb64cd8428c50658a8b04d061f7ce1a10051d8ae Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subsection presents guidance for the presentation of [impairment](https://asc.understandingaccounting.org/glossary/i/#impairment "Impairment is the condition that exists when the carrying amount of a long-lived asset (asset group) exceeds its fair value.") or disposal of long-lived assets or asset groups that are classified as: 1. a Held and used 2. b Held for sale 3. c To be disposed of other than by sale. ##### [360-10-45-3](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:07bdf2fe7e59b0315e433e04f415ddf9af36cac73c023ebfb76949de3c27a294 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraphs [205-20-45-1A through 45-11](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1A) for guidance on the presentation of operations of a discontinued operation. #### Long-Lived Assets Classified as Held and Used ##### [360-10-45-4](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:b59e9a23cc19d191c5bcfa7b13ab1dcfb15dd86aaa8834d3d46db414f7c496d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An impairment loss recognized for a long-lived asset ([asset group](https://asc.understandingaccounting.org/glossary/a/#asset-group "An asset group is the unit of accounting for a long-lived asset or assets to be held and used, which represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities.")) to be held and used shall be included in income from continuing operations before income taxes in the income statement of a business entity. If a subtotal such as income from operations is presented, it shall include the amount of that loss. ##### [360-10-45-5](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:c5c4707daf1a4480a5241567ae06c40c344edcb4d0773dca97c2053a73321e28 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A gain or loss recognized (see Subtopic 610-20 on the sale or transfer of a nonfinancial asset) on the sale of a long-lived asset ([disposal group](https://asc.understandingaccounting.org/glossary/d/#disposal-group "A disposal group for a long-lived asset or assets to be disposed of by sale or otherwise represents assets to be disposed of together as a group in a single transaction and liabilities directly associated with those assets that will be transferred in the transaction. A disposal group may include a discontinued operation along with other assets and liabilities that are not part of the discontinued operation.")) that is not a discontinued operation shall be included in income from continuing operations before income taxes in the income statement of a business entity. If a subtotal such as income from operations is presented, it shall include the amounts of those gains or losses. ##### [360-10-45-6](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:d992f3aeb5a66176a63c3401aaf2af0f9521313095f5dae2ad5da3c6a9c266c1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If circumstances arise that previously were considered unlikely and, as a result, an entity decides not to sell a long-lived asset (disposal group) previously classified as held for sale, the asset (disposal group) shall be reclassified as held and used. ##### [360-10-45-7](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:2aeba2d6759329f84f0aaf04f4751f62f7557979aba46228da336c3c1d0d5438 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Any required adjustment to the carrying amount of a long-lived asset that is reclassified as held and used shall be included in income from continuing operations in the period of the subsequent decision not to sell. That adjustment shall be reported in the same income statement caption used to report a loss, if any, recognized in accordance with paragraph [360-10-45-5](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-5). If a component of an entity is reclassified as held and used, the results of operations of the component previously reported in discontinued operations in accordance with paragraph [205-20-45-3](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3) shall be reclassified and included in income from continuing operations for all periods presented. ##### [360-10-45-8](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:f81477663b9e73aabb2474197eff05434cb11c53220ee4532769597428c8feb8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Any long-lived assets that will not be sold shall be reclassified as held and used in accordance with paragraph [360-10-35-44](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-44). #### Long-Lived Assets Classified as Held for Sale ##### [360-10-45-9](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:1aa890300e8b4b9443a7dbc8b718712c1d68c87be9053910054076aa19efd83a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A long-lived asset (disposal group) to be sold shall be classified as held for sale in the period in which all of the following criteria are met: 1. a Management, having the authority to approve the action, commits to a plan to sell the asset (disposal group). 2. b The asset (disposal group) is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets (disposal groups). (See Examples 5 through 7 \[paragraphs [360-10-55-37 through 55-41](https://asc.understandingaccounting.org/asc/360/10/#360-10-55-37) \], which illustrate when that criterion would be met.) 3. c An active program to locate a buyer and other actions required to complete the plan to sell the asset (disposal group) have been initiated. 4. d The sale of the asset (disposal group) is probable, and transfer of the asset (disposal group) is expected to qualify for recognition as a completed sale, within one year, except as permitted by paragraph [360-10-45-11](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-11). (See Example 8 \[paragraph [360-10-55-43](https://asc.understandingaccounting.org/asc/360/10/#360-10-55-43)\], which illustrates when that criterion would be met.) The term [probable](https://asc.understandingaccounting.org/glossary/p/#probable "The future event or events are likely to occur.") refers to a future sale that is likely to occur. 5. e The asset (disposal group) is being actively marketed for sale at a price that is reasonable in relation to its current fair value. The price at which a long-lived asset (disposal group) is being marketed is indicative of whether the entity currently has the intent and ability to sell the asset (disposal group). A market price that is reasonable in relation to fair value indicates that the asset (disposal group) is available for immediate sale, whereas a market price in excess of fair value indicates that the asset (disposal group) is not available for immediate sale. 6. f Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. ##### [360-10-45-10](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:5f2369c100a14e6b1ae461e4c7cda6fc8943dcd2198aba4e6ce9f777d143627c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If at any time the criteria in this Subsection are no longer met (except as permitted by the following paragraph), a long-lived asset (disposal group) classified as held for sale shall be reclassified as held and used in accordance with paragraph [360-10-35-44](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-44). ##### [360-10-45-11](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:01781897744b8d49d7263264c61f0b47f4a27540a1971693b37d6b97fc12cb5a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Events or circumstances beyond an entity's control may extend the period required to complete the sale of a long-lived asset (disposal group) beyond one year. An exception to the one-year requirement in paragraph [360-10-45-9(d)](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-9) shall apply in the following situations in which such events or circumstances arise: 1. a If at the date an entity commits to a plan to sell a long-lived asset (disposal group) the entity reasonably expects that others (not a buyer) will impose conditions on the transfer of the asset (group) that will extend the period required to complete the sale and both of the following conditions are met: 1. 1 Actions necessary to respond to those conditions cannot be initiated until after a [firm purchase commitment](https://asc.understandingaccounting.org/glossary/f/#firm-purchase-commitment "A firm purchase commitment is an agreement with an unrelated party, binding on both parties and usually legally enforceable, that meets both of the following conditions: It specifies all significant terms, including the price and timing of the transaction. It includes a disincentive for nonperformance that is sufficiently large to make performance probable.") is obtained. 2. 2 A firm purchase commitment is probable within one year. (See Example 9 \[paragraph [360-10-55-44](https://asc.understandingaccounting.org/asc/360/10/#360-10-55-44)\], which illustrates that situation.) 2. b If an entity obtains a firm purchase commitment and, as a result, a buyer or others unexpectedly impose conditions on the transfer of a long-lived asset (disposal group) previously classified as held for sale that will extend the period required to complete the sale and both of the following conditions are met: 1. 1 Actions necessary to respond to the conditions have been or will be timely initiated. 2. 2 A favorable resolution of the delaying factors is expected. (See Example 10 \[paragraph [360-10-55-46](https://asc.understandingaccounting.org/asc/360/10/#360-10-55-46)\], which illustrates that situation.) 3. c If during the initial one-year period, circumstances arise that previously were considered unlikely and, as a result, a long-lived asset (disposal group) previously classified as held for sale is not sold by the end of that period and all of the following conditions are met: 1. 1 During the initial one-year period the entity initiated actions necessary to respond to the change in circumstances. 2. 2 The asset (group) is being actively marketed at a price that is reasonable given the change in circumstances. 3. 3 The criteria in paragraph [360-10-45-9](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-9) are met. (See Example 11 \[paragraph [360-10-55-48](https://asc.understandingaccounting.org/asc/360/10/#360-10-55-48)\], which illustrates that situation.) ##### [360-10-45-12](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:9b11037dbbae4a8b1136007fdcce5f57e529d3021247f88c85d52bb6dc3d458e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A long-lived asset (disposal group) that is newly acquired and that will be sold rather than held and used shall be classified as held for sale at the acquisition date only if the one-year requirement in paragraph [360-10-45-9(d)](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-9) is met (except as permitted by the preceding paragraph) and any other criteria in paragraph [360-10-45-9](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-9) that are not met at that date are probable of being met within a short period following the acquisition (usually within three months). ##### [360-10-45-13](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:bc7ae17cfb8a51eae0579b9662027596894096760afa4c1a8b158682f642b309 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the criteria in paragraph [360-10-45-9](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-9) are met after the balance sheet date but before the financial statements are issued or are available to be issued (as discussed in Section 855-10-25), a long-lived asset shall continue to be classified as held and used in those financial statements when issued or when available to be issued. In addition, information required by paragraph [205-20-50-1(a)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-1) shall be disclosed in the notes to financial statements. If the asset (asset group) is tested for recoverability (on a held-and-used basis) as of the balance sheet date, the estimates of future cash flows used in that test shall consider the likelihood of possible outcomes that existed at the balance sheet date, including the assessment of the likelihood of the future sale of the asset. That assessment made as of the balance sheet date shall not be revised for a decision to sell the asset after the balance sheet date. Because it is difficult to separate the benefit of hindsight when assessing conditions that existed at a prior date, it is important that judgments about those conditions, the need to test an asset for recoverability, and the application of a recoverability test be made and documented together with supporting evidence on a timely basis. An impairment loss, if any, to be recognized shall be measured as the amount by which the carrying amount of the asset (asset group) exceeds its fair value at the balance sheet date. ##### [360-10-45-14](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:682bba7a6a71b47a2cc4e18eeea4892f6185a1df1601fd72ac0f77a0b6ea4a9c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A long-lived asset classified as held for sale (but not qualifying for presentation as a discontinued operation in the statement of financial position in accordance with paragraph [205-20-45-10](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-10)) shall be presented separately in the statement of financial position of the current period. The assets and liabilities of a disposal group classified as held for sale shall be presented separately in the asset and liability sections, respectively, of the statement of financial position. Those assets and liabilities shall not be offset and presented as a single amount. The major classes of assets and liabilities classified as held for sale shall be separately presented on the face of the statement of financial position or disclosed in the notes to financial statements (see paragraph [360-10-50-3(e)](https://asc.understandingaccounting.org/asc/360/10/#360-10-50-3)). #### Long-Lived Assets to Be Disposed of Other Than by Sale ##### [360-10-45-15](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:01.538Z to 2026-09-10T00:06:01.538Z Record version: sha256:e0fc3754acd0a3b3a000ba7b05417f9d1d737863bb223bdc23bd1781e389d95d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A long-lived asset to be disposed of other than by sale (for example, by abandonment, in an exchange measured based on the recorded amount of the nonmonetary asset relinquished, or in a distribution to owners in a spinoff) shall continue to be classified as held and used until it is disposed of. The guidance on long-lived assets to be held and used in Sections 360-10-35, 360-10-45, and 360-10-50 shall apply while the asset is classified as held and used. If a long-lived asset is to be abandoned or distributed to owners in a spinoff together with other assets (and liabilities) as a group and that disposal group meets the conditions in paragraphs [205-20-45-1A through 45-1C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1A) to be reported in discontinued operations, paragraphs [205-20-45-3 through 45-5](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3) shall apply to the disposal group at the date it is disposed of.