# ASC 360-10-S55: Property, Plant, and Equipment — Overall — SEC 55 Implementation Guidance and Illustrations

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/360/10/#sec-55-implementation-guidance-and-illustrations)

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## ASC 360-10-S55: SEC 55 Implementation Guidance and Illustrations

[Read section](https://asc.understandingaccounting.org/asc/360/10/#sec-55-implementation-guidance-and-illustrations)

SEC content: yes

### Impairment or Disposal of Long-lived Assets

#### Long-Lived Assets to Be Abandoned

##### [360-10-S55-1](https://asc.understandingaccounting.org/asc/360/10/#360-10-S55-1)

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See paragraph [360-10-S99-2](https://asc.understandingaccounting.org/asc/360/10/#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.

#### Estimates of Future Cash Flows Used to Test a Long-Lived Asset for Recoverability

##### [360-10-S55-2](https://asc.understandingaccounting.org/asc/360/10/#360-10-S55-2)

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See paragraph [360-10-S99-2](https://asc.understandingaccounting.org/asc/360/10/#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.