{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/360/10/#50-disclosure","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.","topic":"360","topic_title":"Property, Plant, and Equipment","subtopic":"360-10","subtopic_title":"Overall","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-10-50-1","para":"50-1","html":"
Because of the significant effects on financial position and results of operations of the depreciation method or methods used, all of the following disclosures shall be made in the financial statements or in notes thereto:
  1. a
    Depreciation expense for the period
  2. b
    Balances of major classes of depreciable assets, by nature or function, at the balance sheet date
  3. c
    Accumulated depreciation, either by major classes of depreciable assets or in total, at the balance sheet date
  4. d
    A general description of the method or methods used in computing depreciation with respect to major classes of depreciable assets.
","snippet":"Because of the significant effects on financial position and results of operations of the depreciation method or methods used, all of the following disclosures shall be made in the financial statements or in notes theret…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a703492d5df30053535658d2235dece01d0fc52c6f1808212965d848e5d1a365","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2b8a46c19a6d457cac00e8d1179e66768d76db6e5fe8bf45f57d5dedd344e60","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Impairment of Long-Lived Assets Classified as Held and Used","paragraphs":[{"citation":"360-10-50-2","para":"50-2","html":"
All of the following information shall be disclosed in the notes to financial statements that include the period in which an impairment loss is recognized:
  1. a
    A description of the impaired long-lived asset (asset group) and the facts and circumstances leading to the impairment
  2. b
    If not separately presented on the face of the statement, the amount of the impairment loss and the caption in the income statement or the statement of activities that includes that loss
  3. c
    The method or methods for determining fair value (whether based on a quoted market price, prices for similar assets, or another valuation technique)
  4. d
    If applicable, the segment in which the impaired long-lived asset (asset group) is reported under Topic 280.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1All of the following information shall be disclosed in the notes to financial statements that include the period in which an impairment loss is recognized:
  1. a
    A description of the impaired long-lived asset (asset group) and the facts and circumstances leading to the impairment
  2. b
    If not separately presented on the face of the statement, the amount of the impairment loss and the caption in the income statement or the statement of activities that includes that loss
  3. c
    The method or methods for determining fair value (whether based on a quoted market price, prices for similar assets, or another valuation technique)
  4. d
    If applicable, the segment in which the impaired long-lived asset (asset group) is reported under Topic 280.
See paragraphs
220-40-50-21 through 50-25
for additional disclosure requirements.
","snippet":"All of the following information shall be disclosed in the notes to financial statements that include the period in which an impairment loss is recognized:\n(a) A description of the impaired long-lived asset (asset group)…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d557fca04db39dc6f8f612a4d49c83e6a39902bdeafd5fd7801399d64e93fbb","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4fa7792d3ea44a01a509404bdc447c7c821b164c6098d45babd5f721d09128a0","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Long-Lived Assets Classified as Held for Sale or Disposed Of","paragraphs":[{"citation":"360-10-50-3","para":"50-3","html":"
For any period in which a long-lived asset (disposal group) either has been disposed of or is classified as held for sale (see paragraph 360-10-45-9), an entity shall disclose all of the following in the notes to financial statements:
  1. a
    A description of the facts and circumstances leading to the disposal or the expected disposal.
  2. b
    The expected manner and timing of that disposal.
  3. c
    The gain or loss recognized in accordance with paragraphs
    360-10-35-37 through 35-45
    and 360-10-40-5.
  4. d
    If not separately presented on the face of the statement where net income is reported (or in the statement of activities for a not-for-profit entity), the caption in the statement where net income is reported (or in the statement of activities for a not-for-profit entity) that includes that gain or loss.
  5. e
    If not separately presented on the face of the statement of financial position, the carrying amount(s) of the major classes of assets and liabilities included as part of a disposal group classified as held for sale. Any loss recognized on the disposal group classified as held for sale in accordance with paragraphs
    360-10-35-37 through 35-45
    and 360-10-40-5 shall not be allocated to the major classes of assets and liabilities of the disposal group.
  6. f
    If applicable, the segment in which the long-lived asset (disposal group) is reported under Topic 280 on segment reporting.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For any period in which a long-lived asset (disposal group) either has been disposed of or is classified as held for sale (see paragraph 360-10-45-9), an entity shall disclose all of the following in the notes to financial statements:
  1. a
    A description of the facts and circumstances leading to the disposal or the expected disposal.
  2. b
    The expected manner and timing of that disposal.
  3. c
    The gain or loss recognized in accordance with paragraphs
    360-10-35-37 through 35-45
    and 360-10-40-5.
  4. d
    If not separately presented on the face of the statement where net income is reported (or in the statement of activities for a not-for-profit entity), the caption in the statement where net income is reported (or in the statement of activities for a not-for-profit entity) that includes that gain or loss.
  5. e
    If not separately presented on the face of the statement of financial position, the carrying amount(s) of the major classes of assets and liabilities included as part of a disposal group classified as held for sale. Any loss recognized on the disposal group classified as held for sale in accordance with paragraphs
    360-10-35-37 through 35-45
    and 360-10-40-5 shall not be allocated to the major classes of assets and liabilities of the disposal group.
  6. f
    If applicable, the segment in which the long-lived asset (disposal group) is reported under Topic 280 on segment reporting.
See paragraphs
220-40-50-21 through 50-25
for additional disclosure requirements.
","snippet":"For any period in which a long-lived asset (disposal group) either has been disposed of or is classified as held for sale (see paragraph 360-10-45-9), an entity shall disclose all of the following in the notes to financi…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1f9f9786997ca082c9771f9bae5033a949852dbade4125ecf841403dee1754d","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}},{"citation":"360-10-50-3A","para":"50-3A","html":"
In addition to the disclosures in paragraph 360-10-50-3, if a long-lived asset (disposal group) includes an individually significant component of an entity that either has been disposed of or is classified as held for sale (see paragraph 360-10-45-9) and does not qualify for presentation and disclosure as a discontinued operation (see Subtopic 205-20 on discontinued operations), a public business entity and a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market shall disclose the information in (a). All other entities shall disclose the information in (b).
  1. a
    For a public business entity and a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, both of the following:
    1. 1
      The pretax profit or loss (or change in net assets for a not-for-profit entity) of the individually significant component of an entity for the period in which it is disposed of or is classified as held for sale and for all prior periods that are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity) calculated in accordance with paragraphs
      205-20-45-6 through 45-9
    2. 2
      If the individually significant component of an entity includes a noncontrolling interest, the pretax profit or loss (or change in net assets for a not-for-profit entity) attributable to the parent for the period in which it is disposed of or is classified as held for sale and for all prior periods that are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity).
  2. b
    For all other entities, both of the following:
    1. 1
      The pretax profit or loss (or change in net assets for a not-for-profit entity) of the individually significant component of an entity for the period in which it is disposed of or is classified as held for sale calculated in accordance with paragraphs
      205-20-45-6 through 45-9
    2. 2
      If the individually significant component of an entity includes a noncontrolling interest, the pretax profit or loss (or change in net assets for a not-for-profit entity) attributable to the parent for the period in which it is disposed of or is classified as held for sale.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1In addition to the disclosures in paragraph 360-10-50-3, if a long-lived asset (disposal group) includes an individually significant component of an entity that either has been disposed of or is classified as held for sale (see paragraph 360-10-45-9) and does not qualify for presentation and disclosure as a discontinued operation (see Subtopic 205-20 on discontinued operations), a public business entity and a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market shall disclose the information in (a). All other entities shall disclose the information in (b). The following disclosures are required in interim and annual reporting periods:
  1. a
    For a public business entity and a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, both of the following:
    1. 1
      The pretax profit or loss (or change in net assets for a not-for-profit entity) of the individually significant component of an entity for the period in which it is disposed of or is classified as held for sale and for all prior periods that are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity) calculated in accordance with paragraphs
      205-20-45-6 through 45-9
    2. 2
      If the individually significant component of an entity includes a noncontrolling interest, the pretax profit or loss (or change in net assets for a not-for-profit entity) attributable to the parent for the period in which it is disposed of or is classified as held for sale and for all prior periods that are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity).
  2. b
    For all other entities, both of the following:
    1. 1
      The pretax profit or loss (or change in net assets for a not-for-profit entity) of the individually significant component of an entity for the period in which it is disposed of or is classified as held for sale calculated in accordance with paragraphs
      205-20-45-6 through 45-9
    2. 2
      If the individually significant component of an entity includes a noncontrolling interest, the pretax profit or loss (or change in net assets for a not-for-profit entity) attributable to the parent for the period in which it is disposed of or is classified as held for sale.
","snippet":"In addition to the disclosures in paragraph 360-10-50-3, if a long-lived asset (disposal group) includes an individually significant component of an entity that either has been disposed of or is classified as held for sa…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:da2f3f4845f665d8a9c5a7aeda41ffece01d72e5a14b35a06d5acc1640222e1e","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7b674c90d070329cb9f1e7a245b980ff259fe67973e76383daf1a7dd1c0e1b29","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Foreclosed Properties Held for Sale","paragraphs":[{"citation":"360-10-50-4","para":"50-4","html":"
See paragraph 310-10-50-11 for guidance related to foreclosed and repossessed assets.
","snippet":"See paragraph 310-10-50-11 for guidance related to foreclosed and repossessed assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bf2f7621c7f44e6af9c5be892af9f440374ecb8748dbc0c4391224c10ba16b1f","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b18d39924f861912f81c2078b2d06fdc0d13700692d0ccdb0d5056febc4f6ec","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:055f24b66227d89fe1eb1fed7c9e3023db71a94e9e13981a97872cec5b62728c","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:055f24b66227d89fe1eb1fed7c9e3023db71a94e9e13981a97872cec5b62728c","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}}