ASC

ASC 360-954

Health Care Entities

360 Property, Plant, and Equipment

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Source downloaded: .Record version 880ba3767109. Effective date must be checked in the source.

In brief

IntermediatePresentationIndustry-specificInventory and PP&EFinancial statement presentation

This industry subtopic addresses how health care entities present property that is held for investment purposes rather than used in operations. Its single substantive rule is that such property is reported as part of investments (360-954-45-1), not within operating property, plant, and equipment. Its scope follows the health care entities Overall Subtopic scope in Section 954-10-15.

Key points (4)
  • The Subtopic provides guidance on presentation of property held for investment purposes by health care entities (360-954-05-1).
  • Scope is the same as the health care entities Overall Subtopic, Section 954-10-15 (360-954-15-1).
  • Property held for investment purposes shall be presented as part of investments (360-954-45-1).
  • By implication, only property used in operations remains classified within property, plant, and equipment on the health care entity's balance sheet.

For students. A short but testable classification rule: for health care entities, investment property is reported in the investments caption, not in PP&E. The common mistake is assuming all real estate a hospital or health system owns belongs in property, plant, and equipment — purpose of holding, not asset type, drives the presentation.

property held for investmentbalance sheet classificationhealth care entitiesproperty, plant, and equipmentinvestments presentationindustry-specific guidance

Machine-generated study aid for ASC 360-954. Check the source paragraphs below.

360-954-05Overview and Background

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360-954-05-1
This Subtopic provides guidance on the presentation of property held for investment purposes for health care entities within the scope of this Topic.

360-954-15Scope and Scope Exceptions

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Overall Guidance

360-954-15-1
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 954-10-15.

360-954-45Other Presentation Matters

Source downloaded: .Record version 5f2c682c3098. Effective date must be checked in the source.

360-954-45-1
Property held for investment purposes shall be presented as part of investments.

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