# ASC 360-958-55: Property, Plant, and Equipment — Not-for-Profit Entities — 55 Implementation Guidance and Illustrations

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/360/958/#55-implementation-guidance-and-illustrations)

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): 2026-09-10T00:11:02.493Z to 2026-09-10T00:11:02.493Z

Record version: sha256:01ca4ee836044acc164f0ffb4547b466821668886e9d18649e78cf8b7b0a6183

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 360-958-55: 55 Implementation Guidance and Illustrations

[Read section](https://asc.understandingaccounting.org/asc/360/958/#55-implementation-guidance-and-illustrations)

SEC content: no

##### [360-958-55-1](https://asc.understandingaccounting.org/asc/360/958/#360-958-55-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:11:02.493Z to 2026-09-10T00:11:02.493Z

Record version: sha256:c0333b9420047c906eee807d4c3d89a9472a8b3fb3a8bc800a67f640625b7ecc

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


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](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) in reporting property, plant, and equipment.

#### Illustrations

##### [360-958-55-2](https://asc.understandingaccounting.org/asc/360/958/#360-958-55-2)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:11:02.493Z to 2026-09-10T00:11:02.493Z

Record version: sha256:178fa7291e6ac325bc830dac6a3e878037576c461157e0b991797ecdb123af5e

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


Certain transactions involving collection items are required by paragraph [958-360-45-5](https://asc.understandingaccounting.org/asc/360/958/#360-958-45-5) 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. Additionally, paragraph [958-205-55-10](https://asc.understandingaccounting.org/asc/205/958/#205-958-55-10) contains illustrations of several formats of statements of activities that might be adapted to comply with those provisions.

-   ![](https://asc.understandingaccounting.org/asc-img/GUID-9618B726-38BD-43B0-A079-BBA02F08F0DC-low.gif)
    
    Organization M Statement of Activities " For the Year Ended June 30, 20X1" Without Donor Restrictions With Donor Restrictions Total Revenues and other support XXX XXX XXX Gain on sale of art that is not held in a collection 1 1 Net assets released from restrictions XXX (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: Proceeds 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