# ASC 360-980-05: Property, Plant, and Equipment — Regulated Operations — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/360/980/#05-overview-and-background)

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## ASC 360-980-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/360/980/#05-overview-and-background)

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##### [360-980-05-1](https://asc.understandingaccounting.org/asc/360/980/#360-980-05-1)

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This Subtopic provides guidance for property, plant, and equipment for entities with regulated operations. It provides guidance for plant abandonments and disallowances of costs of recently completed plants, as well as for the capitalization of an [allowance for funds used during construction](https://asc.understandingaccounting.org/glossary/a/#allowance-for-funds-used-during-construction "The cost of financing construction as financed partially by borrowings and partially by equity, capitalized as part of the cost of plant and equipment pursuant to requirements of the regulator.").