# ASC 360-958-50: Property, Plant, and Equipment — Not-for-Profit Entities — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/360/958/#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): 2026-09-10T00:11:00.636Z to 2026-09-10T00:11:00.636Z Record version: sha256:3bde9363ec0a1bd14f611ee7d3399ffb32b955190bf39d2b4874f128c8acf2e2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-958-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/360/958/#50-disclosure) SEC content: no #### Accounting Policies ##### [360-958-50-1](https://asc.understandingaccounting.org/asc/360/958/#360-958-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:11:00.636Z to 2026-09-10T00:11:00.636Z Record version: sha256:1a3d87442ef22da5a441ffc3226ac72eaa78803a4e608472270077fffebf9bbf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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.") (NFP) shall disclose the following accounting policies: 1. a That the entity reports [donor-restricted support](https://asc.understandingaccounting.org/glossary/d/#donor-restricted-support "Donor-restricted revenues or gains from contributions that increase net assets with donor restrictions (donors include other types of contributors, including makers of certain grants).") whose restrictions are met in the same reporting period as support within [net assets without donor restrictions](https://asc.understandingaccounting.org/glossary/n/#net-assets-without-donor-restrictions "The part of net assets of a not-for-profit entity that is not subject to donor-imposed restrictions (donors include other types of contributors, including makers of certain grants).") pursuant to paragraph [958-605-45-4](https://asc.understandingaccounting.org/asc/605/958/#605-958-45-4) if that policy is adopted 2. b [Subparagraph superseded by Accounting Standards Update No. 2016-14](https://asc.understandingaccounting.org/updates/asu-2016-14/). 3. c The capitalization policy adopted 4. d The capitalization policy for [collections](https://asc.understandingaccounting.org/glossary/c/#collections "Works of art, historical treasures, or similar assets that meet all of the following criteria: They are held for public exhibition, education, or research in furtherance of public service rather than financial gain. They are protected, kept unencumbered, cared for, and preserved. They are subject to an organizational policy that requires the use of proceeds from items that are sold to be for the acquisitions of new collection items, the direct care of existing collections, or both. Collections generally are held by museums; botanical gardens; libraries; aquariums; arboretums; historic sites; planetariums; zoos; art galleries; nature, science, and technology centers; and similar educational, research, and public service organizations that have those divisions; however, the definition is not limited to those entities nor does it apply to all items held by those entities.") (capitalization, prospective capitalization, or no capitalization) 5. e The basis of valuation of property, plant, and equipment—for example, cost for purchased items and [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") for contributed items. #### Major Classes of Property, Plant, and Equipment ##### [360-958-50-2](https://asc.understandingaccounting.org/asc/360/958/#360-958-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:11:00.636Z to 2026-09-10T00:11:00.636Z Record version: sha256:e8c7e7a9322669e451f5558f50c9ad8cf2ff70657ef2eb9be820bd63fb403d68 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In the disclosures made in accordance with paragraph [360-10-50-1](https://asc.understandingaccounting.org/asc/360/10/#360-10-50-1), separate disclosure shall be made of the following items: 1. a Nondepreciable assets 2. b Property and equipment not held for use in operations, for example, items held for sale or for investment purposes or construction in process 3. c Improvements to leased facilities and equipment. #### Liquidity and Use ##### [360-958-50-3](https://asc.understandingaccounting.org/asc/360/958/#360-958-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:11:00.636Z to 2026-09-10T00:11:00.636Z Record version: sha256:b110844237428118ff9589cd19eef080de348031f83167c14b988ba4922d7719 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The notes to financial statements shall include disclosures concerning the [liquidity](https://asc.understandingaccounting.org/glossary/l/#liquidity "An asset's or liability's nearness to cash. Donor-imposed restrictions may influence the liquidity or cash flow patterns of certain assets. For example, a donor stipulation that donated cash be used to acquire land and buildings limits an entity's ability to take effective actions to respond to unexpected opportunities or needs, such as emergency disaster relief. On the other hand, some donor-imposed restrictions have little or no influence on cash flow patterns or an entity's financial flexibility. For example, a gift of cash with a donor stipulation that it be used for emergency-relief efforts has a negligible impact on an entity if emergency relief is one of its major ongoing programs.") of property, plant, and equipment, including information about limitations on their use. ##### [360-958-50-4](https://asc.understandingaccounting.org/asc/360/958/#360-958-50-4) Pending content: yes Source downloaded (UTC): 2026-09-10T00:11:00.636Z to 2026-09-10T00:11:00.636Z Record version: sha256:e215cd25d500b9147cb69fc19dd961944882e0aa6790b4e3024056510003c0e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For example, the following information shall be provided: 1. a Property, plant, and equipment pledged as collateral or otherwise subject to lien 2. b Donor or legal limitations on the use of or proceeds from the disposal of plant, property, and equipment 3. c Property, plant, and equipment acquired with restricted assets if title may revert to another party, such as a resource provider 4. d The terms of exchange transactions (other than lease transactions), such as federal contracts, in which the resource provider retains legal title during the term of the arrangement but it is probable that the NFP will be permitted to keep the assets when the arrangement terminates. Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance: [105-10-65-10](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-10)For example, the following information shall be provided: 1. a Property, plant, and equipment pledged as collateral or otherwise subject to lien 2. b Donor or legal limitations on the use of or proceeds from the disposal of plant, property, and equipment 3. c Property, plant, and equipment acquired with restricted assets if title may revert to another party, such as a resource provider 4. d [Subparagraph superseded by Accounting Standards Update No. 2025-12.](https://asc.understandingaccounting.org/updates/asu-2025-12/) #### Works of Art, Historical Treasures, and Similar Assets ##### [360-958-50-5](https://asc.understandingaccounting.org/asc/360/958/#360-958-50-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:11:00.636Z to 2026-09-10T00:11:00.636Z Record version: sha256:79e1c7847d2598cd774ed4fcfcf1569592e79a94d321fa802d67648330fa9a3c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If not presented separately on the face of the statement of financial position pursuant to paragraph [958-360-45-4](https://asc.understandingaccounting.org/asc/360/958/#360-958-45-4), the amount capitalized for works of art, historical treasures, and similar assets that do not meet the definition of a collection shall be disclosed. ##### [360-958-50-6](https://asc.understandingaccounting.org/asc/360/958/#360-958-50-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:11:00.636Z to 2026-09-10T00:11:00.636Z Record version: sha256:58f0b81b59d19ede5509e774f471b52597b7b6353aa311453e9136f0e4de5726 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An NFP that does not recognize and capitalize its collections or that capitalizes collections prospectively shall describe its collections, including their relative significance, and its stewardship policies for collections. If collection items not capitalized are deaccessed during the period, it also shall describe the items given away, damaged, destroyed, lost, or otherwise deaccessed during the period or disclose their fair value. ##### [360-958-50-7](https://asc.understandingaccounting.org/asc/360/958/#360-958-50-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:11:00.636Z to 2026-09-10T00:11:00.636Z Record version: sha256:27a84ed8b83a530855cae218dd72348b50391681a6e9eeb9d82261ef3f72e801 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A collection-holding NFP shall disclose its organizational policy for the use of proceeds from deaccessioned collection items, including whether those proceeds could be used for acquisitions of new collection items, the direct care of existing collections, or both. If the collection-holding entity allows proceeds from deaccessioned collection items to be used for direct care, the entity shall disclose its definition of direct care.