# ASC 360-10-50: Property, Plant, and Equipment — Overall — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/360/10/#50-disclosure) 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): 2026-09-10T00:06:03.812Z to 2026-09-10T00:06:03.812Z Record version: sha256:055f24b66227d89fe1eb1fed7c9e3023db71a94e9e13981a97872cec5b62728c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-10-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/360/10/#50-disclosure) SEC content: no ##### [360-10-50-1](https://asc.understandingaccounting.org/asc/360/10/#360-10-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:03.812Z to 2026-09-10T00:06:03.812Z Record version: sha256:a703492d5df30053535658d2235dece01d0fc52c6f1808212965d848e5d1a365 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ### Impairment or Disposal of Long-Lived Assets #### Impairment of Long-Lived Assets Classified as Held and Used ##### [360-10-50-2](https://asc.understandingaccounting.org/asc/360/10/#360-10-50-2) Pending content: yes Source downloaded (UTC): 2026-09-10T00:06:03.812Z to 2026-09-10T00:06:03.812Z Record version: sha256:7d557fca04db39dc6f8f612a4d49c83e6a39902bdeafd5fd7801399d64e93fbb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. All of the following information shall be disclosed in the notes to financial statements that include the period in which an [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.") loss is recognized: 1. a A description of the impaired 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.")) 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: [220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)All of the following information shall be disclosed in the notes to financial statements that include the period in which an [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.") loss is recognized: 1. a A description of the impaired 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.")) 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](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21) for additional disclosure requirements. #### Long-Lived Assets Classified as Held for Sale or Disposed Of ##### [360-10-50-3](https://asc.understandingaccounting.org/asc/360/10/#360-10-50-3) Pending content: yes Source downloaded (UTC): 2026-09-10T00:06:03.812Z to 2026-09-10T00:06:03.812Z Record version: sha256:a1f9f9786997ca082c9771f9bae5033a949852dbade4125ecf841403dee1754d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For any period in which 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.")) either has been disposed of or is classified as held for sale (see paragraph [360-10-45-9](https://asc.understandingaccounting.org/asc/360/10/#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](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-37) and [360-10-40-5](https://asc.understandingaccounting.org/asc/360/10/#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](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-37) and [360-10-40-5](https://asc.understandingaccounting.org/asc/360/10/#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: [220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)For any period in which 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.")) either has been disposed of or is classified as held for sale (see paragraph [360-10-45-9](https://asc.understandingaccounting.org/asc/360/10/#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](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-37) and [360-10-40-5](https://asc.understandingaccounting.org/asc/360/10/#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](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-37) and [360-10-40-5](https://asc.understandingaccounting.org/asc/360/10/#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](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21) for additional disclosure requirements. ##### [360-10-50-3A](https://asc.understandingaccounting.org/asc/360/10/#360-10-50-3A) Pending content: yes Source downloaded (UTC): 2026-09-10T00:06:03.812Z to 2026-09-10T00:06:03.812Z Record version: sha256:da2f3f4845f665d8a9c5a7aeda41ffece01d72e5a14b35a06d5acc1640222e1e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In addition to the disclosures in paragraph [360-10-50-3](https://asc.understandingaccounting.org/asc/360/10/#360-10-50-3), if a long-lived asset (disposal group) includes an individually significant [component of an entity](https://asc.understandingaccounting.org/glossary/c/#component-of-an-entity "A component of an entity comprises operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. A component of an entity may be a reportable segment or an operating segment, a reporting unit, a subsidiary, or an asset group.") that either has been disposed of or is classified as held for sale (see paragraph [360-10-45-9](https://asc.understandingaccounting.org/asc/360/10/#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](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It 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. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC.") and a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") 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](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-6) 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](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-6) 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: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)In addition to the disclosures in paragraph [360-10-50-3](https://asc.understandingaccounting.org/asc/360/10/#360-10-50-3), if a long-lived asset (disposal group) includes an individually significant [component of an entity](https://asc.understandingaccounting.org/glossary/c/#component-of-an-entity "A component of an entity comprises operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. A component of an entity may be a reportable segment or an operating segment, a reporting unit, a subsidiary, or an asset group.") that either has been disposed of or is classified as held for sale (see paragraph [360-10-45-9](https://asc.understandingaccounting.org/asc/360/10/#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](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It 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. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC.") and a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") 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](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-6) 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](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-6) 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. #### Foreclosed Properties Held for Sale ##### [360-10-50-4](https://asc.understandingaccounting.org/asc/360/10/#360-10-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:06:03.812Z to 2026-09-10T00:06:03.812Z Record version: sha256:bf2f7621c7f44e6af9c5be892af9f440374ecb8748dbc0c4391224c10ba16b1f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [310-10-50-11](https://asc.understandingaccounting.org/asc/310/10/#310-10-50-11) for guidance related to foreclosed and repossessed assets.