{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/360/958/#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":"360-958","subtopic_title":"Not-for-Profit Entities","section":{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-958-55-1","para":"55-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Section, which is an integral part of the requirements of this Subtopic, provides general guidance to be used by a <a href=\"/glossary/n/#not-for-profit-entity\" class=\"term\" title=\"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.\"><span>not-for-profit entity</span></a> (NFP) in reporting property, plant, and equipment.</div></div>","snippet":"This Section, which is an integral part of the requirements of this Subtopic, provides general guidance to be used by a not-for-profit entity (NFP) in reporting property, plant, and equipment.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c0333b9420047c906eee807d4c3d89a9472a8b3fb3a8bc800a67f640625b7ecc","downloaded_from":"2026-09-10T00:11:02.493Z","last_downloaded_at":"2026-09-10T00:11:02.493Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477309","source_sha256":"035c77440e5a9d95a091688ff40f8c702fcfeacb60c81f6c2c90581734e85b1c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b05cb727778b7091ea255779b046f44bfe5f67d61fc2ba6645e99e6dca97a89d","downloaded_from":"2026-09-10T00:11:02.493Z","last_downloaded_at":"2026-09-10T00:11:02.493Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477309","source_sha256":"035c77440e5a9d95a091688ff40f8c702fcfeacb60c81f6c2c90581734e85b1c"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"360-958-55-2","para":"55-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_36F817C5-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Certain transactions involving collection items are required by paragraph <a href=\"/asc/360/958/#360-958-45-5\" class=\"xref\">958-360-45-5</a> to be reported separately from items of revenues, gains, expenses, and losses. The following illustrates one possible format that may be used to satisfy those financial disclosure provisions. </span></span><span class=\"sfragment\" id=\"sfr_36F81946-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Additionally, paragraph <a href=\"/asc/205/958/#205-958-55-10\" class=\"xref\">958-205-55-10</a> contains illustrations of several formats of statements of activities that might be adapted to comply with those provisions. </span></span><ul class=\"ul simple\" id=\"d3e100090-112917__GUID-BA44E4DE-858B-4197-8089-7123AE1EFCC9\"><li class=\"li\" id=\"d3e100090-112917__SL86078657-112917\"><div class=\"p\"><div class=\"fig figure fignone\"><img src=\"/asc-img/GUID-9618B726-38BD-43B0-A079-BBA02F08F0DC-low.gif\" altsource=\"GUID-9618B726-38BD-43B0-A079-BBA02F08F0DC-low.gif\" loading=\"lazy\"><span class=\"sfragment\" id=\"sfr_36F81D4D-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"></span></span><div class=\"figcaption\">Organization M Statement of Activities \" For the Year Ended June 30, 20X1\"\tWithout Donor Restrictions With Donor Restrictions Total Revenues and other support XXX\tXXX\tXXX Gain on sale of art that is not held in a collection 1 1 Net assets released from restrictions\tXXX\t(XXX) \"Total revenues, gains, and other support\" XXX XX XXX Expenses XXX XXX Change in net assets before changes related to collection items not capitalized XX XX XXX Change in net assets related to collection items not capitalized:\tProceeds from sale of collection items 5 10 15 Proceeds from insurance recoveries on destroyed collection items 1 1 Collection items purchased but not capitalized (12) (25) (37) (7) (14) (21) Change in net assets XX XX XXX </div></div></div></li></ul></div></div>","snippet":"Certain transactions involving collection items are required by paragraph 958-360-45-5 to be reported separately from items of revenues, gains, expenses, and losses. The following illustrates one possible format that may…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:178fa7291e6ac325bc830dac6a3e878037576c461157e0b991797ecdb123af5e","downloaded_from":"2026-09-10T00:11:02.493Z","last_downloaded_at":"2026-09-10T00:11:02.493Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477309","source_sha256":"035c77440e5a9d95a091688ff40f8c702fcfeacb60c81f6c2c90581734e85b1c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8cc17694aa571d2b5cd63441222a8692b98b473d230b3bae0f3213bb63785e1","downloaded_from":"2026-09-10T00:11:02.493Z","last_downloaded_at":"2026-09-10T00:11:02.493Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477309","source_sha256":"035c77440e5a9d95a091688ff40f8c702fcfeacb60c81f6c2c90581734e85b1c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01ca4ee836044acc164f0ffb4547b466821668886e9d18649e78cf8b7b0a6183","downloaded_from":"2026-09-10T00:11:02.493Z","last_downloaded_at":"2026-09-10T00:11:02.493Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477309","source_sha256":"035c77440e5a9d95a091688ff40f8c702fcfeacb60c81f6c2c90581734e85b1c"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01ca4ee836044acc164f0ffb4547b466821668886e9d18649e78cf8b7b0a6183","downloaded_from":"2026-09-10T00:11:02.493Z","last_downloaded_at":"2026-09-10T00:11:02.493Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477309","source_sha256":"035c77440e5a9d95a091688ff40f8c702fcfeacb60c81f6c2c90581734e85b1c"}}