{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/360/10/#sec-55-implementation-guidance-and-illustrations","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":"S55","label":"SEC 55 Implementation Guidance and Illustrations","anchor":"sec-55-implementation-guidance-and-illustrations","is_sec":true,"groups":[{"block":"Impairment or Disposal of Long-lived Assets","heading":"Long-Lived Assets to Be Abandoned","paragraphs":[{"citation":"360-10-S55-1","para":"S55-1","html":"See paragraph 360-10-S99-2, SAB Topic 5.CC, for SEC Staff views on the accounting for long-lived assets that are to be abandoned in the near future. See paragraph 360-10-S99-2, SAB Topic 5.CC, for SEC Staff views on estimating future cash flows for the purposes of performing an impairment test.