{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/360/","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.","number":"360","title":"Property, Plant, and Equipment","area":"Assets","group":null,"subtopics":[{"number":"360-10","topic":"360","title":"Overall","area":"Assets","paragraphs":170,"summary":"ASC 360-10 governs the accounting for property, plant, and equipment and, in separate \"Impairment or Disposal of Long-Lived Assets\" Subsections, the impairment testing of long-lived assets held and used and the measurement, presentation, and disclosure of long-lived assets to be disposed of. Cost (including capitalized interest) is allocated to periods through systematic and rational depreciation (360-10-35-4). A held-and-used asset group is written down only if its carrying amount fails an undiscounted cash flow recoverability test, and then only down to fair value (360-10-35-17); held-for-sale assets are measured at the lower of carrying amount or fair value less cost to sell and are not depreciated (360-10-35-43).","concepts":["long-lived asset","asset group","recoverability test","undiscounted future cash flows","held for sale classification","fair value less cost to sell","primary asset","depreciation method"],"categories":["Impairment","Subsequent measurement","Inventory and PP&E","Presentation"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":"Status","heading":null,"paragraphs":[{"citation":"360-10-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
BusinessAmendedAccounting Standards Update No. 2017-0101/05/2017
BusinessAddedAccounting Standards Update No. 2014-0905/28/2014
CollectionsAddedAccounting Standards Update No. 2019-0303/21/2019
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
Disposal GroupAmendedAccounting Standards Update No. 2014-0804/10/2014
LeaseAddedAccounting Standards Update No. 2016-0202/25/2016
Lease TermAddedAccounting Standards Update No. 2016-0202/25/2016
LesseeAddedAccounting Standards Update No. 2016-0202/25/2016
LessorAddedAccounting Standards Update No. 2016-0202/25/2016
Net Realizable ValueAddedAccounting Standards Update No. 2015-1107/22/2015
Nonprofit ActivityAddedAccounting Standards Update No. 2014-0905/28/2014
Not-for-Profit EntityAddedAccounting Standards Update No. 2014-0804/10/2014
Performance ObligationAddedAccounting Standards Update No. 2016-0202/25/2016
Public Business EntityAmendedMaintenance Update 2017-06 (PDF)04/07/2017
Public Business EntityAmendedMaintenance Update 2016-11 (PDF)06/27/2016
Public Business EntityAddedAccounting Standards Update No. 2014-0804/10/2014
RevenueAddedAccounting Standards Update No. 2016-0202/25/2016
Right-of-Use AssetAddedAccounting Standards Update No. 2016-0202/25/2016
Underlying AssetAddedAccounting Standards Update No. 2016-0202/25/2016
360-10-05-1AmendedAccounting Standards Update No. 2016-0202/25/2016
360-10-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
360-10-05-4AmendedAccounting Standards Update No. 2014-0804/10/2014
360-10-05-5AmendedAccounting Standards Update No. 2014-0804/10/2014
360-10-15-4AmendedAccounting Standards Update No. 2016-0202/25/2016
360-10-15-6AddedAccounting Standards Update No. 2019-0303/21/2019
360-10-30-8AmendedAccounting Standards Update No. 2016-0202/25/2016
360-10-35-7AmendedAccounting Standards Update No. 2014-0905/28/2014
360-10-35-39AmendedAccounting Standards Update No. 2012-0410/01/2012
360-10-35-41AmendedAccounting Standards Update No. 2022-0203/31/2022
360-10-40-1SupersededAccounting Standards Update No. 2014-0905/28/2014
360-10-40-2SupersededAccounting Standards Update No. 2025-1212/17/2025
360-10-40-2AmendedAccounting Standards Update No. 2017-0502/22/2017
360-10-40-2AmendedAccounting Standards Update No. 2016-0202/25/2016
360-10-40-2AmendedAccounting Standards Update No. 2014-0905/28/2014
360-10-40-3SupersededAccounting Standards Update No. 2014-0905/28/2014
360-10-40-3AAmendedAccounting Standards Update No. 2017-0502/22/2017
360-10-40-3BAmendedAccounting Standards Update No. 2017-0502/22/2017
360-10-40-3A through 3CAddedAccounting Standards Update No. 2014-0905/28/2014
360-10-40-5AmendedAccounting Standards Update No. 2017-0502/22/2017
360-10-45-3AmendedAccounting Standards Update No. 2014-0804/10/2014
360-10-45-5AmendedAccounting Standards Update No. 2014-0905/28/2014
360-10-45-5AmendedAccounting Standards Update No. 2014-0804/10/2014
360-10-45-14AmendedAccounting Standards Update No. 2014-0804/10/2014
360-10-45-15AmendedAccounting Standards Update No. 2014-0804/10/2014
360-10-50-2AmendedAccounting Standards Update No. 2024-0311/04/2024
360-10-50-3AmendedAccounting Standards Update No. 2024-0311/04/2024
360-10-50-3AmendedAccounting Standards Update No. 2014-0804/10/2014
360-10-50-3AAmendedAccounting Standards Update No. 2025-1112/08/2025
360-10-50-3AAddedAccounting Standards Update No. 2014-0804/10/2014
360-10-50-4AddedAccounting Standards Update No. 2014-0401/17/2014
360-10-55-18AAddedAccounting Standards Update No. 2014-0804/10/2014
360-10-55-21AmendedAccounting Standards Update No. 2015-1107/22/2015
360-10-55-43AmendedAccounting Standards Update No. 2016-0202/25/2016
360-10-55-50 through 55-54
AddedAccounting Standards Update No. 2012-0410/01/2012
360-10-60-1AmendedAccounting Standards Update No. 2014-0905/28/2014
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nBusiness | Amended | Accounting Standards Update No. 2017-01 | 01/05/2017 |\nBusiness | A…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:82242f5eb78a1d73b37c5358ab9be273b8a4164c9b02f7d4c338634630f80dbb","downloaded_from":"2026-09-10T00:05:35.818Z","last_downloaded_at":"2026-09-10T00:05:35.818Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482371","source_sha256":"5c2253549437e6e969b08171be28fd81fd27a102d1d4d1dfee8c4ea4feecc8ae"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:afb0252abb006bc937044f1d36f47cfca208a3ffdd159a1426868975978a8044","downloaded_from":"2026-09-10T00:05:35.818Z","last_downloaded_at":"2026-09-10T00:05:35.818Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482371","source_sha256":"5c2253549437e6e969b08171be28fd81fd27a102d1d4d1dfee8c4ea4feecc8ae"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:765c7a714467169eb8429d1cac26da1f81ca3f2dd155448e4b0457f9e463bf35","downloaded_from":"2026-09-10T00:05:35.818Z","last_downloaded_at":"2026-09-10T00:05:35.818Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482371","source_sha256":"5c2253549437e6e969b08171be28fd81fd27a102d1d4d1dfee8c4ea4feecc8ae"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-10-05-1","para":"05-1","html":"
The Property, Plant, and Equipment Topic includes the following Subtopic:
  1. a
    Overall
  2. b
    Subparagraph superseded by Accounting Standards Update No. 2016-02.
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The guidance in the Overall Subtopic is presented in the following two Subsections:
  1. a
    The General Subsections address the accounting and reporting for property, plant, and equipment, including guidance for accumulated depreciation.
  2. b
    The Impairment or Disposal of Long-Lived Assets Subsections retain the pervasive guidance for recognizing and measuring the impairment of long-lived assets and for long-lived assets to be disposed of.
","snippet":"The guidance in the Overall Subtopic is presented in the following two Subsections:\n(a) The General Subsections address the accounting and reporting for property, plant, and equipment, including guidance for accumulated …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ece0b5000b1e85aa44e08e8184aaa07b53a9da277e477a4d01d7f59a6b8a9da","downloaded_from":"2026-09-10T00:05:38.507Z","last_downloaded_at":"2026-09-10T00:05:38.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482338","source_sha256":"53aacb5c77ba44d554c6edbb4ed25b1c4f48fd8cf5aed168361acaa8199d44c2"}},{"citation":"360-10-05-3","para":"05-3","html":"
Property, plant, and equipment typically consist of long-lived tangible assets used to create and distribute an entity's products and services and include:
  1. a
    Land and land improvements
  2. b
    Buildings
  3. c
    Machinery and equipment
  4. d
    Furniture and fixtures.
","snippet":"Property, plant, and equipment typically consist of long-lived tangible assets used to create and distribute an entity's products and services and include:\n(a) Land and land improvements\n(b) Buildings\n(c) Machinery and e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a68607cd1be58f0eb5fff4722cf26b4b4284c865d675cd6def639579ea79645c","downloaded_from":"2026-09-10T00:05:38.507Z","last_downloaded_at":"2026-09-10T00:05:38.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482338","source_sha256":"53aacb5c77ba44d554c6edbb4ed25b1c4f48fd8cf5aed168361acaa8199d44c2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:378caa369ad1a4cb160c0606838d037c3f3fc709baae8c9f03c8a0567f92c692","downloaded_from":"2026-09-10T00:05:38.507Z","last_downloaded_at":"2026-09-10T00:05:38.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482338","source_sha256":"53aacb5c77ba44d554c6edbb4ed25b1c4f48fd8cf5aed168361acaa8199d44c2"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":null,"paragraphs":[{"citation":"360-10-05-4","para":"05-4","html":"
The Impairment or Disposal of Long-Lived Assets Subsections provide guidance for:
  1. a
     Recognition and measurement of the impairment of long-lived assets to be held and used
  2. b
     Measurement of long-lived assets to be disposed of by sale
  3. c
    Disclosures about the impairment or disposal of long-lived assets and disposals of individually significant components of an entity.
","snippet":"The Impairment or Disposal of Long-Lived Assets Subsections provide guidance for:\n(a)  Recognition and measurement of the impairment of long-lived assets to be held and used\n(b)  Measurement of long-lived assets to be di…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7bfa957ba7d501d438afc68c5907d6d537d1379ec01e53cb3ce7cadc6c76a44","downloaded_from":"2026-09-10T00:05:38.507Z","last_downloaded_at":"2026-09-10T00:05:38.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482338","source_sha256":"53aacb5c77ba44d554c6edbb4ed25b1c4f48fd8cf5aed168361acaa8199d44c2"}},{"citation":"360-10-05-5","para":"05-5","html":"
For long-lived assets disposed of or classified as held for sale, different presentation and disclosures are required depending on the nature of the disposal. If the long-lived assets are a significant component of an entity, more extensive disclosures are required. Additionally, if the component of an entity meets the definition of discontinued operation in paragraph 205-20-45-1B, an entity shall refer to Subtopic 205-20 for the presentation and disclosure requirements for discontinued operations (see the flowchart in paragraph 360-10-55-18A for an illustration).
","snippet":"For long-lived assets disposed of or classified as held for sale, different presentation and disclosures are required depending on the nature of the disposal. If the long-lived assets are a significant component of an en…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:112b9511b064a86e358fbe5781436e6d6d7a126940e472da64287584bdfea534","downloaded_from":"2026-09-10T00:05:38.507Z","last_downloaded_at":"2026-09-10T00:05:38.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482338","source_sha256":"53aacb5c77ba44d554c6edbb4ed25b1c4f48fd8cf5aed168361acaa8199d44c2"}},{"citation":"360-10-05-6","para":"05-6","html":"
This Subsection provides guidance that focuses on developing estimates of future cash flows used to test for recoverability, including the:
  1. a
    Cash flow estimation approach
  2. b
    Cash flow estimation period
  3. c
    Types of asset-related expenditures that should be considered in developing estimates of future cash flows.
","snippet":"This Subsection provides guidance that focuses on developing estimates of future cash flows used to test for recoverability, including the:\n(a) Cash flow estimation approach\n(b) Cash flow estimation period\n(c) Types of a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4d79f045ece3781b697cb7fcdbd53aaeef8b195a3e6b8ad8aaaf382c6ab5764b","downloaded_from":"2026-09-10T00:05:38.507Z","last_downloaded_at":"2026-09-10T00:05:38.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482338","source_sha256":"53aacb5c77ba44d554c6edbb4ed25b1c4f48fd8cf5aed168361acaa8199d44c2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e47af4e3b03189b43c6d594e4d4298b387b6cb5e9c9200f61251d6cb34976c29","downloaded_from":"2026-09-10T00:05:38.507Z","last_downloaded_at":"2026-09-10T00:05:38.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482338","source_sha256":"53aacb5c77ba44d554c6edbb4ed25b1c4f48fd8cf5aed168361acaa8199d44c2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe07a29d9c15881ed60a8723653007fad9b863cc517fe01dc2e6eb92f810e600","downloaded_from":"2026-09-10T00:05:38.507Z","last_downloaded_at":"2026-09-10T00:05:38.507Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482338","source_sha256":"53aacb5c77ba44d554c6edbb4ed25b1c4f48fd8cf5aed168361acaa8199d44c2"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"360-10-15-1","para":"15-1","html":"
The General Subsection of this Section establishes the pervasive scope for this Subtopic, with specific exceptions noted in the other Subsections of this Section.
","snippet":"The General Subsection of this Section establishes the pervasive scope for this Subtopic, with specific exceptions noted in the other Subsections of this Section.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4137b11b01f67ec69cda1b156b1f8bce9693242f3d0fe86dcfac02893e8e75e4","downloaded_from":"2026-09-10T00:05:41.355Z","last_downloaded_at":"2026-09-10T00:05:41.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482309","source_sha256":"2af9b44e94ba38fcade68d6bfd9beabaf5d487de740d606cc482ce71a6d15b92"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:35f87d301dbf5c8b077a4b6978ac2b9e4fc49aee26456fe4afe0f939ac3a61a5","downloaded_from":"2026-09-10T00:05:41.355Z","last_downloaded_at":"2026-09-10T00:05:41.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482309","source_sha256":"2af9b44e94ba38fcade68d6bfd9beabaf5d487de740d606cc482ce71a6d15b92"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"360-10-15-2","para":"15-2","html":"
The guidance in this Subtopic applies to all entities.
","snippet":"The guidance in this Subtopic applies to all entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:77647d1022cea5d12607b6d1db4028c8f48a8204b20e6413d409a0037c01885d","downloaded_from":"2026-09-10T00:05:41.355Z","last_downloaded_at":"2026-09-10T00:05:41.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482309","source_sha256":"2af9b44e94ba38fcade68d6bfd9beabaf5d487de740d606cc482ce71a6d15b92"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bf17968acf03e84df1093eb6d61bf1a5fe765ba839f22068794aa61f2f96e200","downloaded_from":"2026-09-10T00:05:41.355Z","last_downloaded_at":"2026-09-10T00:05:41.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482309","source_sha256":"2af9b44e94ba38fcade68d6bfd9beabaf5d487de740d606cc482ce71a6d15b92"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Overall Guidance","paragraphs":[{"citation":"360-10-15-3","para":"15-3","html":"
The Impairment or Disposal of Long-Lived Assets Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph 360-10-15-1, with specific transaction exceptions noted below.
","snippet":"The Impairment or Disposal of Long-Lived Assets Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Subtopic, see paragraph 360-10-15-1, with specific transaction exceptio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3a8903fd7164bac7d69d3d17a8fb06ec9aa5b50583cf749b32d2d8611663443","downloaded_from":"2026-09-10T00:05:41.355Z","last_downloaded_at":"2026-09-10T00:05:41.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482309","source_sha256":"2af9b44e94ba38fcade68d6bfd9beabaf5d487de740d606cc482ce71a6d15b92"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:27c0139d9f311b8fe695eefa73944e0bdfad31fe15d92de662ffc5c2caf55a5f","downloaded_from":"2026-09-10T00:05:41.355Z","last_downloaded_at":"2026-09-10T00:05:41.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482309","source_sha256":"2af9b44e94ba38fcade68d6bfd9beabaf5d487de740d606cc482ce71a6d15b92"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Transactions","paragraphs":[{"citation":"360-10-15-4","para":"15-4","html":"
The guidance in the Impairment or Disposal of Long-Lived Assets Subsections applies to the following transactions and activities:
  1. a
    Except as indicated in (b) and the following paragraph, all of the transactions and activities related to recognized long-lived assets of an entity to be held and used or to be disposed of, including:
    1. 1
      Right-of-use assets of lessees
    2. 2
      Long-lived assets of lessors subject to operating leases
    3. 3
      Proved oil and gas properties that are being accounted for using the successful-efforts method of accounting
    4. 4
      Long-term prepaid assets.
  2. b
    The following transactions and activities related to assets and liabilities that are considered part of an asset group or a disposal group:
    1. 1
      If a long-lived asset (or assets) is part of a group that includes other assets and liabilities not covered by the Impairment or Disposal of Long-Lived Assets Subsections, the guidance in the Impairment or Disposal of Long-Lived Assets Subsections applies to the group. In those situations, the unit of accounting for the long-lived asset is its group. For a long-lived asset or assets to be held and used, that group is referred to as an asset group. For a long-lived asset or assets to be disposed of by sale or otherwise, that group is referred to as a disposal group. Examples of liabilities included in a disposal group are legal obligations that transfer with a long-lived asset, such as certain environmental obligations, and obligations that, for business reasons, a potential buyer would prefer to settle when assumed as part of a group, such as warranty obligations that relate to an acquired customer base.
    2. 2
      The guidance in the Impairment or Disposal of Long-Lived Assets Subsections does not change generally accepted accounting principles (GAAP) applicable to those other individual assets (such as accounts receivable and inventory) and liabilities (such as accounts payable, long-term debt, and asset retirement obligations) not covered by the Impairment or Disposal of Long-Lived Assets Subsections that are included in such groups.
","snippet":"The guidance in the Impairment or Disposal of Long-Lived Assets Subsections applies to the following transactions and activities:\n(a) Except as indicated in (b) and the following paragraph, all of the transactions and ac…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b4e9fae2e295596dd3ac08d8362abc112c5bda8c3e2a16da3fdbebb6cb200ef7","downloaded_from":"2026-09-10T00:05:41.355Z","last_downloaded_at":"2026-09-10T00:05:41.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482309","source_sha256":"2af9b44e94ba38fcade68d6bfd9beabaf5d487de740d606cc482ce71a6d15b92"}},{"citation":"360-10-15-5","para":"15-5","html":"
The guidance in the Impairment or Disposal of Long-Lived Assets Subsections does not apply to the following transactions and activities:
  1. a
    Goodwill
  2. b
    Intangible assets not being amortized that are to be held and used
  3. c
    Servicing assets
  4. d
    Financial instruments, including investments in equity securities accounted for under the cost or equity method
  5. e
    Deferred policy acquisition costs
  6. f
    Deferred tax assets
  7. g
    Unproved oil and gas properties that are being accounted for using the successful-efforts method of accounting
  8. h
    Oil and gas properties that are accounted for using the full-cost method of accounting as prescribed by the Securities and Exchange Commission (SEC) (see Regulation S-X, Rule 4-10, Financial Accounting and Reporting for Oil and Gas Producing Activities Pursuant to the Federal Securities Laws and the Energy Policy and Conservation Act of 1975)
  9. i
    Certain other long-lived assets for which the accounting is prescribed elsewhere in the standards:
    1. 1
      For guidance on financial reporting in the record and music industry, see Topic 928.
    2. 2
      For guidance on financial reporting in the broadcasting industry, see Topic 920.
    3. 3
      For guidance on accounting for the costs of computer software to be sold, leased, or otherwise marketed, see Subtopic 985-20.
    4. 4
      For guidance on accounting for abandonments and disallowances of plant costs for regulated entities, see Subtopic 980-360.
","snippet":"The guidance in the Impairment or Disposal of Long-Lived Assets Subsections does not apply to the following transactions and activities:\n(a) Goodwill\n(b) Intangible assets not being amortized that are to be held and used…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0fda5a5cd86bc52760cdd8b7f9a8ec3c103243192f583bf6ed982ccb5d6546f3","downloaded_from":"2026-09-10T00:05:41.355Z","last_downloaded_at":"2026-09-10T00:05:41.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482309","source_sha256":"2af9b44e94ba38fcade68d6bfd9beabaf5d487de740d606cc482ce71a6d15b92"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d27006da4d28d1460a6ff89debd8184782a01375bdd7e1313615adde196ebaec","downloaded_from":"2026-09-10T00:05:41.355Z","last_downloaded_at":"2026-09-10T00:05:41.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482309","source_sha256":"2af9b44e94ba38fcade68d6bfd9beabaf5d487de740d606cc482ce71a6d15b92"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Entities Holding Collection Items","paragraphs":[{"citation":"360-10-15-6","para":"15-6","html":"
Entities that hold collections shall follow the accounting and disclosure requirements in Subtopic 958-360 on not-for-profit entities—property, plant, and equipment.
","snippet":"Entities that hold collections shall follow the accounting and disclosure requirements in Subtopic 958-360 on not-for-profit entities—property, plant, and equipment.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a68401f87d7b5b0e8dde4600cb79555d43aec46bdbcc4b74b40a81c8e75f083a","downloaded_from":"2026-09-10T00:05:41.355Z","last_downloaded_at":"2026-09-10T00:05:41.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482309","source_sha256":"2af9b44e94ba38fcade68d6bfd9beabaf5d487de740d606cc482ce71a6d15b92"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7508f3d0094ddf5f8ce9674e2eba328a3943c3399fa8149c06e515f34daaa81","downloaded_from":"2026-09-10T00:05:41.355Z","last_downloaded_at":"2026-09-10T00:05:41.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482309","source_sha256":"2af9b44e94ba38fcade68d6bfd9beabaf5d487de740d606cc482ce71a6d15b92"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9163de3d09d47a47bdf17ca71d3f38e9b89380133e369bd579257edb3bf74140","downloaded_from":"2026-09-10T00:05:41.355Z","last_downloaded_at":"2026-09-10T00:05:41.355Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482309","source_sha256":"2af9b44e94ba38fcade68d6bfd9beabaf5d487de740d606cc482ce71a6d15b92"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-10-25-1","para":"25-1","html":"
See the Impairment or Disposal of Long-Lived Assets Subsection of Section 360-10-45 for a discussion of held-for-use and held-for-sale classifications of assets and asset groups.
","snippet":"See the Impairment or Disposal of Long-Lived Assets Subsection of Section 360-10-45 for a discussion of held-for-use and held-for-sale classifications of assets and asset groups.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:539375b991ae89a20d87042816b11a3f304d2057167ada8c33c3c09879e60b2f","downloaded_from":"2026-09-10T00:05:48.482Z","last_downloaded_at":"2026-09-10T00:05:48.482Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482251","source_sha256":"ee40513ff422c7f00ed5385118d29bf18b48180db319565f5fbebdef08fed26f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0aaf8f8cf990d4bad23d2bb72478dcbd9a4ff7e10524ab4f4f09aac622daec9f","downloaded_from":"2026-09-10T00:05:48.482Z","last_downloaded_at":"2026-09-10T00:05:48.482Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482251","source_sha256":"ee40513ff422c7f00ed5385118d29bf18b48180db319565f5fbebdef08fed26f"}},{"block":null,"heading":"Acquisition of the Residual Value in Leased Assets by a Third Party","paragraphs":[{"citation":"360-10-25-2","para":"25-2","html":"
This Section provides guidance on how a third-party entity shall account for the following:
  1. a
    The acquisition from a lessor of the unconditional right to own and possess, at the end of the lease term, an asset subject to a lease
  2. b
    The acquisition of the right to receive all, or a portion, of the proceeds from the sale of a leased asset at the end of the lease term.
","snippet":"This Section provides guidance on how a third-party entity shall account for the following:\n(a) The acquisition from a lessor of the unconditional right to own and possess, at the end of the lease term, an asset subject …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:976394bb52464af9b2be2c2642e5dc81d05ac1703693b06a52e8100e1de519c9","downloaded_from":"2026-09-10T00:05:48.482Z","last_downloaded_at":"2026-09-10T00:05:48.482Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482251","source_sha256":"ee40513ff422c7f00ed5385118d29bf18b48180db319565f5fbebdef08fed26f"}},{"citation":"360-10-25-3","para":"25-3","html":"
At the date the rights in the preceding paragraph are acquired, both transactions involve a right to receive, at the end of the lease term, all, or a portion, of any future benefit to be derived from the leased asset and shall be accounted for as the acquisition of an asset. Both transactions are referred to as the acquisition of an interest in the residual value of a leased asset.
","snippet":"At the date the rights in the preceding paragraph are acquired, both transactions involve a right to receive, at the end of the lease term, all, or a portion, of any future benefit to be derived from the leased asset and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dea06f871002d6770b3d60b8b01e8278d83a256a1005fbd95e7ccd5506449198","downloaded_from":"2026-09-10T00:05:48.482Z","last_downloaded_at":"2026-09-10T00:05:48.482Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482251","source_sha256":"ee40513ff422c7f00ed5385118d29bf18b48180db319565f5fbebdef08fed26f"}},{"citation":"360-10-25-4","para":"25-4","html":"
An interest in the residual value of a leased asset shall be recorded as an asset at the date the right is acquired.
","snippet":"An interest in the residual value of a leased asset shall be recorded as an asset at the date the right is acquired.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e072963866c067f980e7988e9e2d5b31ae58e441e54570b725f001a232299140","downloaded_from":"2026-09-10T00:05:48.482Z","last_downloaded_at":"2026-09-10T00:05:48.482Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482251","source_sha256":"ee40513ff422c7f00ed5385118d29bf18b48180db319565f5fbebdef08fed26f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5f442a5c3aa1f557247735b4fd96f3419cb5e9b0c914f28d869e9579d858ed9","downloaded_from":"2026-09-10T00:05:48.482Z","last_downloaded_at":"2026-09-10T00:05:48.482Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482251","source_sha256":"ee40513ff422c7f00ed5385118d29bf18b48180db319565f5fbebdef08fed26f"}},{"block":null,"heading":"Planned Major Maintenance Activities","paragraphs":[{"citation":"360-10-25-5","para":"25-5","html":"
The use of the accrue-in-advance (accrual) method of accounting for planned major maintenance activities is prohibited in annual and interim financial reporting periods.
","snippet":"The use of the accrue-in-advance (accrual) method of accounting for planned major maintenance activities is prohibited in annual and interim financial reporting periods.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4fbb65da88c2c0d566c6228196c8d8197d8a1243c444400de17a481528c67339","downloaded_from":"2026-09-10T00:05:48.482Z","last_downloaded_at":"2026-09-10T00:05:48.482Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482251","source_sha256":"ee40513ff422c7f00ed5385118d29bf18b48180db319565f5fbebdef08fed26f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e0a4963a1462a2995804daa12a4d0725e6217e70b54a3c89bf33a4225e7ea36","downloaded_from":"2026-09-10T00:05:48.482Z","last_downloaded_at":"2026-09-10T00:05:48.482Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482251","source_sha256":"ee40513ff422c7f00ed5385118d29bf18b48180db319565f5fbebdef08fed26f"}},{"block":null,"heading":"Business Combinations","paragraphs":[{"citation":"360-10-25-6","para":"25-6","html":"
See Section 805-20-25 for general guidance related to the recognition of the acquisition of property, plant, and equipment in a business combination.
","snippet":"See Section 805-20-25 for general guidance related to the recognition of the acquisition of property, plant, and equipment in a business combination.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b7eebba0b77168f6a4fd2a76689829c648eb94fc9cd7f52a334d484a6662bab4","downloaded_from":"2026-09-10T00:05:48.482Z","last_downloaded_at":"2026-09-10T00:05:48.482Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482251","source_sha256":"ee40513ff422c7f00ed5385118d29bf18b48180db319565f5fbebdef08fed26f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:121210685b8717cbb9af38ec17642e4322c0f28c9dbfd63a65e71729d9172104","downloaded_from":"2026-09-10T00:05:48.482Z","last_downloaded_at":"2026-09-10T00:05:48.482Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482251","source_sha256":"ee40513ff422c7f00ed5385118d29bf18b48180db319565f5fbebdef08fed26f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:57e8334d07224541abbced38fc219d57f24a9b92ef087be94c935d783a3e83b9","downloaded_from":"2026-09-10T00:05:48.482Z","last_downloaded_at":"2026-09-10T00:05:48.482Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482251","source_sha256":"ee40513ff422c7f00ed5385118d29bf18b48180db319565f5fbebdef08fed26f"}},{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":"Historical Cost Including Interest","paragraphs":[{"citation":"360-10-30-1","para":"30-1","html":"
Paragraph 835-20-05-1 states that the historical cost of acquiring an asset includes the costs necessarily incurred to bring it to the condition and location necessary for its intended use. As indicated in that paragraph, if an asset requires a period of time in which to carry out the activities necessary to bring it to that condition and location, the interest cost incurred during that period as a result of expenditures for the asset is a part of the historical cost of acquiring the asset.
","snippet":"Paragraph 835-20-05-1 states that the historical cost of acquiring an asset includes the costs necessarily incurred to bring it to the condition and location necessary for its intended use. As indicated in that paragraph…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:17f9c0ce68ddf01c8ee9535ba91cb289c8fc58a490a46427e7ec434bb599e2d5","downloaded_from":"2026-09-10T00:05:52.138Z","last_downloaded_at":"2026-09-10T00:05:52.138Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482222","source_sha256":"5a40ddc26cba0a9b2f6f7af44148a6db4a1e534b4512c5ac0646f5a905db6b18"}},{"citation":"360-10-30-2","para":"30-2","html":"
See the glossary for a definition of activities necessary to bring an asset to the condition and location necessary for its intended use.
","snippet":"See the glossary for a definition of activities necessary to bring an asset to the condition and location necessary for its intended use.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3667b17033377108f7f64ddacfc0dc67cd37380e78200d7cf11a7d5aad9c59ca","downloaded_from":"2026-09-10T00:05:52.138Z","last_downloaded_at":"2026-09-10T00:05:52.138Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482222","source_sha256":"5a40ddc26cba0a9b2f6f7af44148a6db4a1e534b4512c5ac0646f5a905db6b18"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:62f7e13047655edf672ee19d8b209bb12642b75ce2ac916795548afd20665fcd","downloaded_from":"2026-09-10T00:05:52.138Z","last_downloaded_at":"2026-09-10T00:05:52.138Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482222","source_sha256":"5a40ddc26cba0a9b2f6f7af44148a6db4a1e534b4512c5ac0646f5a905db6b18"}},{"block":null,"heading":"Acquisition of the Residual Value in Leased Assets","paragraphs":[{"citation":"360-10-30-3","para":"30-3","html":"
An interest in the residual value of a leased asset recognized under paragraph 360-10-25-4 shall be measured initially at the amount of cash disbursed, the fair value of other consideration given, and the present value of liabilities assumed.
","snippet":"An interest in the residual value of a leased asset recognized under paragraph 360-10-25-4 shall be measured initially at the amount of cash disbursed, the fair value of other consideration given, and the present value o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed0af0fb91101b60159439123e9e3baa068134e1d7d3bcd4d1a65947b94f7c63","downloaded_from":"2026-09-10T00:05:52.138Z","last_downloaded_at":"2026-09-10T00:05:52.138Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482222","source_sha256":"5a40ddc26cba0a9b2f6f7af44148a6db4a1e534b4512c5ac0646f5a905db6b18"}},{"citation":"360-10-30-4","para":"30-4","html":"
The fair value of the interest in the residual value of the leased asset at the date of the agreement shall be used to measure its cost if that fair value is more clearly evident than the fair value of assets surrendered, services rendered, or liabilities assumed.
","snippet":"The fair value of the interest in the residual value of the leased asset at the date of the agreement shall be used to measure its cost if that fair value is more clearly evident than the fair value of assets surrendered…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c4b1322f69eb7217faa5ffc29cad6f4240a40f16b54c6d43311a882e9b69f7d","downloaded_from":"2026-09-10T00:05:52.138Z","last_downloaded_at":"2026-09-10T00:05:52.138Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482222","source_sha256":"5a40ddc26cba0a9b2f6f7af44148a6db4a1e534b4512c5ac0646f5a905db6b18"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c480189cec443f9b1c232b110112fe19563aeae31dc18ab38c420ef2e84804b0","downloaded_from":"2026-09-10T00:05:52.138Z","last_downloaded_at":"2026-09-10T00:05:52.138Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482222","source_sha256":"5a40ddc26cba0a9b2f6f7af44148a6db4a1e534b4512c5ac0646f5a905db6b18"}},{"block":null,"heading":"Other Asset Acquisition Concepts","paragraphs":[{"citation":"360-10-30-5","para":"30-5","html":"
The following paragraphs contain links to other Subtopics that contain guidance on acquiring property, plant, and equipment under other concepts. The following may not represent a complete list of other locations containing property, plant, and equipment acquisition guidance.
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See Section 805-20-25 for general guidance related to assets acquired in a business combination.
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See paragraphs
845-10-30-1 through 30-10
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See Subtopic 842-20 for guidance related to assets acquired under a lease.
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This Subsection addresses depreciation of property, plant, and equipment and the post acquisition accounting for an interest in the residual value of a leased asset.
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This guidance addresses the concept of depreciation accounting and the various factors to consider in selecting the related periods and methods to be used in such accounting.
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Depreciation expense in financial statements for an asset shall be determined based on the asset's useful life.
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The cost of a productive facility is one of the costs of the services it renders during its useful economic life. Generally accepted accounting principles (GAAP) require that this cost be spread over the expected useful life of the facility in such a way as to allocate it as equitably as possible to the periods during which services are obtained from the use of the facility. This procedure is known as depreciation accounting, a system of accounting which aims to distribute the cost or other basic value of tangible capital assets, less salvage (if any), over the estimated useful life of the unit (which may be a group of assets) in a systematic and rational manner. It is a process of allocation, not of valuation.
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See paragraph 360-10-35-20 for a discussion of depreciation of a new cost basis after recognition of an impairment loss.
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See paragraph 360-10-35-43 for a discussion of cessation of depreciation on long-lived assets classified as held for sale.
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The declining-balance method is an example of one of the methods that meet the requirements of being systematic and rational. If the expected productivity of the asset or ability of the asset to generate revenue is relatively greater during the earlier years of its life, or maintenance charges tend to increase during later years, the declining-balance method may provide the most satisfactory allocation of cost. That conclusion also applies to other methods, including the sum-of-the-years'-digits method, that produce substantially similar results.
","snippet":"The declining-balance method is an example of one of the methods that meet the requirements of being systematic and rational. If the expected productivity of the asset or ability of the asset to generate revenue is relat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:625ca0072f399421765c27f58c1c2c99272212c9669aa91c7eb26e3bfbb97a2a","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-8","para":"35-8","html":"
In practice, experience regarding loss or damage to depreciable assets is in some cases one of the factors considered in estimating the depreciable lives of a group of depreciable assets, along with such other factors as wear and tear, obsolescence, and maintenance and replacement policies.
","snippet":"In practice, experience regarding loss or damage to depreciable assets is in some cases one of the factors considered in estimating the depreciable lives of a group of depreciable assets, along with such other factors as…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2469cae14fac8c3545077f797856d321b341b6934efd29a29e82518484928391","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-9","para":"35-9","html":"
If the number of years specified by the Accelerated Cost Recovery System of the Internal Revenue Service (IRS) for recovery deductions for an asset does not fall within a reasonable range of the asset's useful life, the recovery deductions shall not be used as depreciation expense for financial reporting.
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Annuity methods of depreciation are not acceptable for entities in general.
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See paragraphs
250-10-45-17 through 45-20
for guidance on the accounting and presentation of changes in methods of depreciation.
","snippet":"See paragraphs 250-10-45-17 through 45-20 for guidance on the accounting and presentation of changes in methods of depreciation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e625dc2abd1a0a8c221dc687e677301ae941a149ae5b0a9ab5a8ad7d5602a72","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-12","para":"35-12","html":"
Paragraph not used.
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The following paragraph provides guidance on how an entity acquiring an interest in the residual value of a leased asset shall account for that asset during the lease term.
","snippet":"The following paragraph provides guidance on how an entity acquiring an interest in the residual value of a leased asset shall account for that asset during the lease term.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9becdbe6ed7add09e2751d7e9fdec3407a990852afc0fca86d1a25f7ee0182b1","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-14","para":"35-14","html":"
An entity acquiring an interest in the residual value of any leased asset, irrespective of the classification of the related lease by the lessor, shall not recognize increases to the asset's estimated value over the remaining term of the related lease, and the asset shall be reported at no more than its acquisition cost until sale or disposition. If it is subsequently determined that the fair value of the residual value of a leased asset has declined below the carrying amount of the acquired interest and that decline is other than temporary, the asset shall be written down to fair value, and the amount of the write-down shall be recognized as a loss. That fair value becomes the asset's new carrying amount, and the asset shall not be increased for any subsequent increase in its fair value before its sale or disposition.
","snippet":"An entity acquiring an interest in the residual value of any leased asset, irrespective of the classification of the related lease by the lessor, shall not recognize increases to the asset's estimated value over the rema…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db96dd386ee4e772bad7313bf4769fb5902a9d5a6f4af052f5d0c79443360cf7","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:463ec4f1c93bf40e8a9219157af72e0d4297451394524a26cbfa7ef5a28a70f3","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":null,"paragraphs":[{"citation":"360-10-35-15","para":"35-15","html":"
There are unique requirements of accounting for the impairment or disposal of long-lived assets to be held and used or to be disposed of. Although this guidance deals with matters which may lead to the ultimate disposition of assets, it is included in this Subsection because it describes the measurement and classification of assets to be held and used and assets held for disposal before actual disposition and derecognition. See the Impairment or Disposal of Long-Lived Assets Subsection of Section 360-10-40 for a discussion of assets or asset groups for which disposition has taken place in an exchange or distribution to owners.
","snippet":"There are unique requirements of accounting for the impairment or disposal of long-lived assets to be held and used or to be disposed of. Although this guidance deals with matters which may lead to the ultimate dispositi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1978446db34e147931806b2ea4d7b1914ff1ea79aa9a4861a09df1bb55f03bef","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8219926641edc24b3be5f57c1d4580412ac537f6a59df3c5f31e4bf1b2e4e8c","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Long-Lived Assets Classified as Held and Used","paragraphs":[{"citation":"360-10-35-16","para":"35-16","html":"
This guidance addresses how long-lived assets or asset groups that are intended to be held and used in an entity's business shall be reviewed for impairment.
","snippet":"This guidance addresses how long-lived assets or asset groups that are intended to be held and used in an entity's business shall be reviewed for impairment.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c997887897a5251c32354e44a0cfc9ff9a7d74a4e19218d9844971b2670bdbba","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-17","para":"35-17","html":"
An impairment loss shall be recognized only if the carrying amount of a long-lived asset (asset group) is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset (asset group) is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset (asset group). That assessment shall be based on the carrying amount of the asset (asset group) at the date it is tested for recoverability, whether in use (see paragraph 360-10-35-33) or under development (see paragraph 360-10-35-34). An impairment loss shall be measured as the amount by which the carrying amount of a long-lived asset (asset group) exceeds its fair value.
","snippet":"An impairment loss shall be recognized only if the carrying amount of a long-lived asset (asset group) is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset (asset group) is not recover…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:46adbc193dd5463fc9566cef41de6171b7af6f289621ec66887b6e09a514551b","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-18","para":"35-18","html":"
In applying the provisions of this Subtopic, the carrying amount of the asset being tested for impairment shall include amounts of capitalized asset retirement costs. Estimated future cash flows related to the liability for an asset retirement obligation that has been recognized in the financial statements shall be excluded from both of the following:
  1. a
     The undiscounted cash flows used to test the asset for recoverability
  2. b
    The discounted cash flows used to measure the asset's fair value.
","snippet":"In applying the provisions of this Subtopic, the carrying amount of the asset being tested for impairment shall include amounts of capitalized asset retirement costs. Estimated future cash flows related to the liability …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:03691bcb3ad53145f152de2cf69c78222ed8892b143c6657856b490951a9142a","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-19","para":"35-19","html":"
If the fair value of the asset is based on a quoted market price and that price considers the costs that will be incurred in retiring that asset, the quoted market price shall be increased by the fair value of the asset retirement obligation for purposes of measuring impairment.
","snippet":"If the fair value of the asset is based on a quoted market price and that price considers the costs that will be incurred in retiring that asset, the quoted market price shall be increased by the fair value of the asset …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:697f682c7180a9f27e3ebe5221128b0624317fb6b57e2f20410950e1645f8253","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-20","para":"35-20","html":"
If an impairment loss is recognized, the adjusted carrying amount of a long-lived asset shall be its new cost basis. For a depreciable long-lived asset, the new cost basis shall be depreciated (amortized) over the remaining useful life of that asset. Restoration of a previously recognized impairment loss is prohibited.
","snippet":"If an impairment loss is recognized, the adjusted carrying amount of a long-lived asset shall be its new cost basis. For a depreciable long-lived asset, the new cost basis shall be depreciated (amortized) over the remain…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49beb6af9bf3bbbf11027c8d90b863a9092ae832323eb5bfee8fd48a31fd31e6","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-21","para":"35-21","html":"
A long-lived asset (asset group) shall be tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The following are examples of such events or changes in circumstances:
  1. a
    A significant decrease in the market price of a long-lived asset (asset group)
  2. b
    A significant adverse change in the extent or manner in which a long-lived asset (asset group) is being used or in its physical condition
  3. c
    A significant adverse change in legal factors or in the business climate that could affect the value of a long-lived asset (asset group), including an adverse action or assessment by a regulator
  4. d
    An accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of a long-lived asset (asset group)
  5. e
    A current-period operating or cash flow loss combined with a history of operating or cash flow losses or a projection or forecast that demonstrates continuing losses associated with the use of a long-lived asset (asset group)
  6. f
    A current expectation that, more likely than not, a long-lived asset (asset group) will be sold or otherwise disposed of significantly before the end of its previously estimated useful life. The term more likely than not refers to a level of likelihood that is more than 50 percent.
","snippet":"A long-lived asset (asset group) shall be tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The following are examples of such events or chang…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6f8b04969e90212f77c346ff81de19b5ac7e8103ab2b7c69b3796195c87311d","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-22","para":"35-22","html":"
When a long-lived asset (asset group) is tested for recoverability, it also may be necessary to review depreciation estimates and method as required by Topic 250 or the amortization period as required by Topic 350. Paragraphs
250-10-45-17 through 45-20
and 250-10-50-4 address the accounting for changes in estimates, including changes in the method of depreciation, amortization, and depletion. Paragraphs
350-30-35-1 through 35-5
address the determination of the useful life of an intangible asset. Any revision to the remaining useful life of a long-lived asset resulting from that review also shall be considered in developing estimates of future cash flows used to test the asset (asset group) for recoverability (see paragraphs
360-10-35-31 through 35-32
). However, any change in the accounting method for the asset resulting from that review shall be made only after applying this Subtopic.
","snippet":"When a long-lived asset (asset group) is tested for recoverability, it also may be necessary to review depreciation estimates and method as required by Topic 250 or the amortization period as required by Topic 350. Parag…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b827095f6ac43efa29634d5c0cfa7da63ed056ea685e002918c6fa557ce013d9","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-23","para":"35-23","html":"
For purposes of recognition and measurement of an impairment loss, a long-lived asset or assets shall be grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. However, an impairment loss, if any, that results from applying this Subtopic shall reduce only the carrying amount of a long-lived asset or assets of the group in accordance with paragraph 360-10-35-28.
","snippet":"For purposes of recognition and measurement of an impairment loss, a long-lived asset or assets shall be grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely indepen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:136b8a5fe2e7daba1b9a5554f2308314b4d231f4634d15c73ef7d848df4dc7e9","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-24","para":"35-24","html":"
In limited circumstances, a long-lived asset (for example, a corporate headquarters facility) may not have identifiable cash flows that are largely independent of the cash flows of other assets and liabilities and of other asset groups. In those circumstances, the asset group for that long-lived asset shall include all assets and liabilities of the entity.
","snippet":"In limited circumstances, a long-lived asset (for example, a corporate headquarters facility) may not have identifiable cash flows that are largely independent of the cash flows of other assets and liabilities and of oth…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a8022f59d61f536960326fab8e23112d569aec9e792f48da79e81061c7c33e1","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-25","para":"35-25","html":"
In limited circumstances, an asset group will include all assets and liabilities of the entity. For example, the cost of operating assets such as corporate headquarters or centralized research facilities may be funded by revenue-producing activities at lower levels of the entity. Accordingly, in limited circumstances, the lowest level of identifiable cash flows that are largely independent of other asset groups may be the entity level. See Example 4 (paragraph 360-10-55-35).
","snippet":"In limited circumstances, an asset group will include all assets and liabilities of the entity. For example, the cost of operating assets such as corporate headquarters or centralized research facilities may be funded by…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ccc3bdd6470eba0e729b07fb299a5482ee7816ab5b2c3f858a97814677e2e7ac","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-26","para":"35-26","html":"
Goodwill shall be included in an asset group to be tested for impairment under this Subtopic only if the asset group is or includes a reporting unit. Goodwill shall not be included in a lower-level asset group that includes only part of a reporting unit. Estimates of future cash flows used to test that lower-level asset group for recoverability shall not be adjusted for the effect of excluding goodwill from the group. The term reporting unit is defined in Topic 350 as the same level as or one level below an operating segment. That Topic requires that goodwill be tested for impairment at the reporting unit level.
","snippet":"Goodwill shall be included in an asset group to be tested for impairment under this Subtopic only if the asset group is or includes a reporting unit. Goodwill shall not be included in a lower-level asset group that inclu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3b7664c089f1acd261f4f753f92d540d0513c58851aff8e84d717f8908239f88","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-27","para":"35-27","html":"
Other than goodwill, the carrying amounts of any assets (such as accounts receivable and inventory) and liabilities (such as accounts payable, long-term debt, and asset retirement obligations) not covered by this Subtopic that are included in an asset group shall be adjusted in accordance with other applicable generally accepted accounting principles (GAAP) before testing the asset group for recoverability. Paragraph 350-20-35-31 requires that goodwill be tested for impairment only after the carrying amounts of the other assets of the reporting unit, including the long-lived assets covered by this Subtopic, have been tested for impairment under other applicable accounting guidance.
","snippet":"Other than goodwill, the carrying amounts of any assets (such as accounts receivable and inventory) and liabilities (such as accounts payable, long-term debt, and asset retirement obligations) not covered by this Subtopi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:796cee6a442d985975fe03cec8a89f98e7ddb89e13f7374c57f42b8af383671d","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-28","para":"35-28","html":"
An impairment loss for an asset group shall reduce only the carrying amounts of a long-lived asset or assets of the group. The loss shall be allocated to the long-lived assets of the group on a pro rata basis using the relative carrying amounts of those assets, except that the loss allocated to an individual long-lived asset of the group shall not reduce the carrying amount of that asset below its fair value whenever that fair value is determinable without undue cost and effort. See Example 1 (paragraph 360-10-55-20) for an illustration of this guidance.
","snippet":"An impairment loss for an asset group shall reduce only the carrying amounts of a long-lived asset or assets of the group. The loss shall be allocated to the long-lived assets of the group on a pro rata basis using the r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b7fa53ec5e28afbdadbb424627c0ad4da6c3698ffedaec2a45c78494ffd4eace","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-29","para":"35-29","html":"
Estimates of future cash flows used to test the recoverability of a long-lived asset (asset group) shall include only the future cash flows (cash inflows less associated cash outflows) that are directly associated with and that are expected to arise as a direct result of the use and eventual disposition of the asset (asset group). Those estimates shall exclude interest charges that will be recognized as an expense when incurred.
","snippet":"Estimates of future cash flows used to test the recoverability of a long-lived asset (asset group) shall include only the future cash flows (cash inflows less associated cash outflows) that are directly associated with a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:22c78b86df552e1ab8452b8da871f44be2ef38ab02e3bbb5da5728afc280eb8d","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-30","para":"35-30","html":"
Estimates of future cash flows used to test the recoverability of a long-lived asset (asset group) shall incorporate the entity's own assumptions about its use of the asset (asset group) and shall consider all available evidence. The assumptions used in developing those estimates shall be reasonable in relation to the assumptions used in developing other information used by the entity for comparable periods, such as internal budgets and projections, accruals related to incentive compensation plans, or information communicated to others. However, if alternative courses of action to recover the carrying amount of a long-lived asset (asset group) are under consideration or if a range is estimated for the amount of possible future cash flows associated with the likely course of action, the likelihood of those possible outcomes shall be considered. A probability-weighted approach may be useful in considering the likelihood of those possible outcomes. See Example 2 (paragraph 360-10-55-23) for an illustration of this guidance.
","snippet":"Estimates of future cash flows used to test the recoverability of a long-lived asset (asset group) shall incorporate the entity's own assumptions about its use of the asset (asset group) and shall consider all available …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04b574a306cba1a4a3b3f6b29e40fbfb5d6e5ec7abd2656a337c2208738cf01c","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-31","para":"35-31","html":"
Estimates of future cash flows used to test the recoverability of a long-lived asset (asset group) shall be made for the remaining useful life of the asset (asset group) to the entity. The remaining useful life of an asset group shall be based on the remaining useful life of the primary asset of the group. For purposes of this Subtopic, the primary asset is the principal long-lived tangible asset being depreciated or intangible asset being amortized that is the most significant component asset from which the asset group derives its cash-flow-generating capacity. The primary asset of an asset group therefore cannot be land or an intangible asset not being amortized.
","snippet":"Estimates of future cash flows used to test the recoverability of a long-lived asset (asset group) shall be made for the remaining useful life of the asset (asset group) to the entity. The remaining useful life of an ass…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:42ca5f44cc4fa0555c1d92503391d80736e3d5130316aee089ed0694efaa011b","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-32","para":"35-32","html":"
Factors that an entity generally shall consider in determining whether a long-lived asset is the primary asset of an asset group include the following:
  1. a
    Whether other assets of the group would have been acquired by the entity without the asset
  2. b
    The level of investment that would be required to replace the asset
  3. c
    The remaining useful life of the asset relative to other assets of the group. If the primary asset is not the asset of the group with the longest remaining useful life, estimates of future cash flows for the group shall assume the sale of the group at the end of the remaining useful life of the primary asset.
","snippet":"Factors that an entity generally shall consider in determining whether a long-lived asset is the primary asset of an asset group include the following:\n(a) Whether other assets of the group would have been acquired by th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fac6cc615387613f353ebff792e94107a9b782f6e1bb154d62cee3e7a5d9c4ac","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-33","para":"35-33","html":"
Estimates of future cash flows used to test the recoverability of a long-lived asset (asset group) that is in use, including a long-lived asset (asset group) for which development is substantially complete, shall be based on the existing service potential of the asset (asset group) at the date it is tested. The service potential of a long-lived asset (asset group) encompasses its remaining useful life, cash-flow-generating capacity, and for tangible assets, physical output capacity. Those estimates shall include cash flows associated with future expenditures necessary to maintain the existing service potential of a long-lived asset (asset group), including those that replace the service potential of component parts of a long-lived asset (for example, the roof of a building) and component assets other than the primary asset of an asset group. Those estimates shall exclude cash flows associated with future capital expenditures that would increase the service potential of a long-lived asset (asset group).
","snippet":"Estimates of future cash flows used to test the recoverability of a long-lived asset (asset group) that is in use, including a long-lived asset (asset group) for which development is substantially complete, shall be base…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d50dda9c41e44748da8a8ae42e7c2bec4bf5d0c449300ddd63ee679dc66fa96","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-34","para":"35-34","html":"
Estimates of future cash flows used to test the recoverability of a long-lived asset (asset group) that is under development shall be based on the expected service potential of the asset (group) when development is substantially complete. Those estimates shall include cash flows associated with all future expenditures necessary to develop a long-lived asset (asset group), including interest payments that will be capitalized as part of the cost of the asset (asset group). Subtopic 835-20 requires the capitalization period to end when the asset is substantially complete and ready for its intended use.
","snippet":"Estimates of future cash flows used to test the recoverability of a long-lived asset (asset group) that is under development shall be based on the expected service potential of the asset (group) when development is subst…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c948525718535b62a3c01c84ee14c941c7805ea91a81cc4c754b4a068db8a6a","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-35","para":"35-35","html":"
If a long-lived asset that is under development is part of an asset group that is in use, estimates of future cash flows used to test the recoverability of that group shall include the cash flows associated with future expenditures necessary to maintain the existing service potential of the group (see paragraph 360-10-35-33) as well as the cash flows associated with all future expenditures necessary to substantially complete the asset that is under development (see the preceding paragraph). See Example 3 (paragraph 360-10-55-33). See also paragraphs
360-10-55-7 through 55-18
for considerations of site restoration and environmental exit costs.
","snippet":"If a long-lived asset that is under development is part of an asset group that is in use, estimates of future cash flows used to test the recoverability of that group shall include the cash flows associated with future e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7976734c51bb3ae28a473a980600e29021dcef00aaab258f5f054a4774ed7551","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-36","para":"35-36","html":"
For long-lived assets (asset groups) that have uncertainties both in timing and amount, an expected present value technique will often be the appropriate technique with which to estimate fair value.
","snippet":"For long-lived assets (asset groups) that have uncertainties both in timing and amount, an expected present value technique will often be the appropriate technique with which to estimate fair value.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6db8ac560bef5e2015b169bf712fd4017061ea8640af25fa7081c28eb383fed9","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9347c2725b3831f351bd119d95f2c8eae3d5312f9a14b1fc3a8d323927e46170","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Long-Lived Assets Classified as Held for Sale","paragraphs":[{"citation":"360-10-35-37","para":"35-37","html":"
This guidance addresses the accounting for expected disposal losses for long-lived assets and asset groups that are classified as held for sale but have not yet been sold. See paragraphs
360-10-45-9 through 45-11
for the initial criteria to be met for classification as held for sale.
","snippet":"This guidance addresses the accounting for expected disposal losses for long-lived assets and asset groups that are classified as held for sale but have not yet been sold. See paragraphs 360-10-45-9 through 45-11 for the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d112aea18e04cfa3c75cdb0ec7d8696e7b9159a23860f2082ce6dea3ccca0cf1","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-38","para":"35-38","html":"
Costs to sell are the incremental direct costs to transact a sale, that is, the costs that result directly from and are essential to a sale transaction and that would not have been incurred by the entity had the decision to sell not been made. Those costs include broker commissions, legal and title transfer fees, and closing costs that must be incurred before legal title can be transferred. Those costs exclude expected future losses associated with the operations of a long-lived asset (disposal group) while it is classified as held for sale. Expected future operating losses that marketplace participants would not similarly consider in their estimates of the fair value less cost to sell of a long-lived asset (disposal group) classified as held for sale shall not be indirectly recognized as part of an expected loss on the sale by reducing the carrying amount of the asset (disposal group) to an amount less than its current fair value less cost to sell. If the sale is expected to occur beyond one year as permitted in limited situations by paragraph 360-10-45-11, the cost to sell shall be discounted.
","snippet":"Costs to sell are the incremental direct costs to transact a sale, that is, the costs that result directly from and are essential to a sale transaction and that would not have been incurred by the entity had the decision…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:71d119fbdd1b98a715a1a8a0d1f8a8b1372687bdf051d0342c9e888d3b02b9a3","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-39","para":"35-39","html":"
The carrying amounts of any assets that are not covered by this Subtopic, including goodwill, that are included in a disposal group classified as held for sale shall be adjusted in accordance with other applicable GAAP prior to measuring the fair value less cost to sell of the disposal group. Paragraphs
350-20-40-1 through 40-7
provide guidance for allocating goodwill to a lower-level asset group to be disposed of that is part of a reporting unit and that constitutes a business. Goodwill is not included in a lower-level asset group to be disposed of that is part of a reporting unit if it does not constitute a business.
","snippet":"The carrying amounts of any assets that are not covered by this Subtopic, including goodwill, that are included in a disposal group classified as held for sale shall be adjusted in accordance with other applicable GAAP p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:24c72590724a336572e977b834d6fc233028e8aaf1062c2b7c21ce143aa5e450","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-40","para":"35-40","html":"
A loss shall be recognized for any initial or subsequent write-down to fair value less cost to sell. A gain shall be recognized for any subsequent increase in fair value less cost to sell, but not in excess of the cumulative loss previously recognized (for a write-down to fair value less cost to sell). The loss or gain shall adjust only the carrying amount of a long-lived asset, whether classified as held for sale individually or as part of a disposal group.
","snippet":"A loss shall be recognized for any initial or subsequent write-down to fair value less cost to sell. A gain shall be recognized for any subsequent increase in fair value less cost to sell, but not in excess of the cumula…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:693d43f897b246fba9dcf46566e74a807a197070e1a4810bc9ba64a62f7a0c7f","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-41","para":"35-41","html":"
See paragraphs 310-20-35-12D and 310-20-40-12 for guidance related to determination of cost basis for foreclosed assets under Subtopic 310-20 and the measurement of cumulative losses previously recognized under paragraph 360-10-35-40.
","snippet":"See paragraphs 310-20-35-12D and 310-20-40-12 for guidance related to determination of cost basis for foreclosed assets under Subtopic 310-20 and the measurement of cumulative losses previously recognized under paragraph…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d15df5385d299ceb29bbc3002c31cbd291ac83f86bf4ccf1b85b4fd83d075749","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-42","para":"35-42","html":"
See paragraphs
830-30-45-13 through 45-15
for guidance regarding the application of Topic 830 to an investment being evaluated for impairment that will be disposed of.
","snippet":"See paragraphs 830-30-45-13 through 45-15 for guidance regarding the application of Topic 830 to an investment being evaluated for impairment that will be disposed of.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:567c1d89b6942c99979dbd00d1e676344733b347ca9a0b8a82e170607afb9150","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-43","para":"35-43","html":"
A long-lived asset (disposal group) classified as held for sale shall be measured at the lower of its carrying amount or fair value less cost to sell. If the asset (disposal group) is newly acquired, the carrying amount of the asset (disposal group) shall be established based on its fair value less cost to sell at the acquisition date. A long-lived asset shall not be depreciated (amortized) while it is classified as held for sale. Interest and other expenses attributable to the liabilities of a disposal group classified as held for sale shall continue to be accrued.
","snippet":"A long-lived asset (disposal group) classified as held for sale shall be measured at the lower of its carrying amount or fair value less cost to sell. If the asset (disposal group) is newly acquired, the carrying amount …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:55bad1167547623564eb0c4a99c2fac9e8d3f00518f9fb2cea2422974bfc3ab0","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-44","para":"35-44","html":"
If circumstances arise that previously were considered unlikely and, as a result, an entity decides not to sell a long-lived asset (disposal group) previously classified as held for sale, the asset (disposal group) shall be reclassified as held and used. A long-lived asset that is reclassified shall be measured individually at the lower of the following:
  1. a
    Its carrying amount before the asset (disposal group) was classified as held for sale, adjusted for any depreciation (amortization) expense that would have been recognized had the asset (disposal group) been continuously classified as held and used
  2. b
    Its fair value at the date of the subsequent decision not to sell.
","snippet":"If circumstances arise that previously were considered unlikely and, as a result, an entity decides not to sell a long-lived asset (disposal group) previously classified as held for sale, the asset (disposal group) shall…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1eab0f33f298d32336723e4e6c5d3f6e74d3654eaa4786e6e3da21276be385fd","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-45","para":"35-45","html":"
If an entity removes an individual asset or liability from a disposal group previously classified as held for sale, the remaining assets and liabilities of the disposal group to be sold shall continue to be measured as a group only if the criteria in paragraph 360-10-45-9 are met. Otherwise, the remaining long-lived assets of the group shall be measured individually at the lower of their carrying amounts or fair values less cost to sell at that date.
","snippet":"If an entity removes an individual asset or liability from a disposal group previously classified as held for sale, the remaining assets and liabilities of the disposal group to be sold shall continue to be measured as a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0cdc32c96c1be8fd8b0bc8084b369ed104968b9e81f3d20a217cebc3bc26e1a0","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f7fa7ee7100f9bc40ade44af146194bce5aa39e2a1461d3254b440537b356051","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Long-Lived Assets to Be Disposed of Other than by Sale","paragraphs":[{"citation":"360-10-35-46","para":"35-46","html":"
This guidance addresses the accounting for impairment of long-lived assets and asset groups that are intended to be disposed of by abandonment.
","snippet":"This guidance addresses the accounting for impairment of long-lived assets and asset groups that are intended to be disposed of by abandonment.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e628bd5a9832d86f0c004a0e9f1437566b683c5a764e1721bd5c4dcc0022d37","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-47","para":"35-47","html":"
For purposes of this Subtopic, a long-lived asset to be abandoned is disposed of when it ceases to be used. If an entity commits to a plan to abandon a long-lived asset before the end of its previously estimated useful life, depreciation estimates shall be revised in accordance with paragraphs
250-10-45-17 through 45-20
and 250-10-50-4 to reflect the use of the asset over its shortened useful life (see paragraph 360-10-35-22).
","snippet":"For purposes of this Subtopic, a long-lived asset to be abandoned is disposed of when it ceases to be used. If an entity commits to a plan to abandon a long-lived asset before the end of its previously estimated useful l…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d48e36da2fd7fd8fcbf60df49c375c967ae94bdf2aeb9a97bfb8d8aa54b46c8","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-48","para":"35-48","html":"
Because the continued use of a long-lived asset demonstrates the presence of service potential, only in unusual situations would the fair value of a long-lived asset to be abandoned be zero while it is being used. When a long-lived asset ceases to be used, the carrying amount of the asset should equal its salvage value, if any. The salvage value of the asset shall not be reduced to an amount less than zero.
","snippet":"Because the continued use of a long-lived asset demonstrates the presence of service potential, only in unusual situations would the fair value of a long-lived asset to be abandoned be zero while it is being used. When a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cbe89b43785d2deed4fbec0625e40e8547b90b8771a5cb5b6dcac8c091f93074","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"citation":"360-10-35-49","para":"35-49","html":"
A long-lived asset that has been temporarily idled shall not be accounted for as if abandoned.
","snippet":"A long-lived asset that has been temporarily idled shall not be accounted for as if abandoned.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a6df9f99aced0a0d3d8f71f0299e81d4270fa67b755fc189f1cdaa3c07e48e45","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:47d3600fec52803028ce49372a249f5898141bc7c0442cf2968c7d693fb785db","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eccf9622585058558ae591b6fc811d22c15ade9e737b5806b830e1348430018d","downloaded_from":"2026-09-10T00:05:55.674Z","last_downloaded_at":"2026-09-10T00:05:55.674Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482190","source_sha256":"c90c96b7d801f4ac479326d5c9481e8a20e71d43256690c6603b6e07f4161262"}},{"number":"40","label":"40 Derecognition","anchor":"40-derecognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-10-40-1","para":"40-1","html":"
Paragraph superseded by Accounting Standards Update No. 2014-09.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:baabf1a98ce4cbc5ba194c26f00278a024174d2fae086838b256971a6fbb7b0e","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a90bc9a1e28b2ccf541caf7302473702e6d69f4cc434e313ae2cab6a79361c4f","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}},{"block":null,"heading":"Sale of Leased Property","paragraphs":[{"citation":"360-10-40-2","para":"40-2","html":"
Paragraph 840-20-40-5 states that if a sale to a third party of property subject to an operating lease (or of property that is leased by or intended to be leased by the third-party purchaser to another party) is not to be recorded as a sale because the entity has not transferred control over the promised asset to the third party in accordance with paragraph 606-10-25-30, the transaction shall be accounted for as a borrowing.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
105-10-65-10
Editor's Note: Paragraph 360-10-40-2 will be superseded upon transition, together with its heading:
> Sale of Leased Property
Paragraph superseded by Accounting Standards Update No. 2025-12.
","snippet":"Paragraph 840-20-40-5 states that if a sale to a third party of property subject to an operating lease (or of property that is leased by or intended to be leased by the third-party purchaser to another party) is not to b…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:81e55dde14b048355a513e087a95bbc8e7bb65a6b5fb4cfa15044c5572d92e5a","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}},{"citation":"360-10-40-3","para":"40-3","html":"
Paragraph superseded by Accounting Standards Update No. 2014-09.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4690fa0f28df0dda8a96cc609b1a72680e53126b1b7f212046a13ee0c75c8b08","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a475edc1bb697cec6c154e9bb8bc9e58e7098cab8504ac54ba67f7f856e1e742","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}},{"block":null,"heading":"Transfer or Sale of Property, Plant, and Equipment","paragraphs":[{"citation":"360-10-40-3A","para":"40-3A","html":"
An entity shall account for the derecognition of a nonfinancial asset, including an in substance nonfinancial asset and an asset subject to a lease , within the scope of this Topic in accordance with Subtopic 610-20 on gains and losses from the derecognition of nonfinancial assets, unless a scope exception from Subtopic 610-20 applies. For example, the derecognition of a nonfinancial asset in a contract with a customer shall be accounted for in accordance with Topic 606 on revenue from contracts with customers.
","snippet":"An entity shall account for the derecognition of a nonfinancial asset, including an in substance nonfinancial asset and an asset subject to a lease , within the scope of this Topic in accordance with Subtopic 610-20 on g…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2e0b703495aa8e87173c7aca3034614ed32535b78ce4a0e4224de98b5de6c27","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}},{"citation":"360-10-40-3B","para":"40-3B","html":"
An entity shall account for the derecognition of a subsidiary or group of assets that is either a business or nonprofit activity in accordance with the derecognition guidance in Subtopic 810-10.
","snippet":"An entity shall account for the derecognition of a subsidiary or group of assets that is either a business or nonprofit activity in accordance with the derecognition guidance in Subtopic 810-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f52f6952a31fb795adc11a20b58889ab35313f6b79c7f945e075cbfa19d9d243","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}},{"citation":"360-10-40-3C","para":"40-3C","html":"
If an entity transfers a nonfinancial asset in accordance with paragraph 360-10-40-3A, and the contract does not meet all of the criteria in paragraph 606-10-25-1, the entity shall not derecognize the nonfinancial asset and shall follow the guidance in paragraphs
606-10-25-6 through 25-8
to determine if and when the contract subsequently meets all the criteria in paragraph 606-10-25-1. Until all the criteria in paragraph 606-10-25-1 are met, the entity shall continue to do all of the following:
  1. a
    Report the nonfinancial asset in its financial statements
  2. b
    Recognize depreciation expense as a period cost unless the assets have been classified as held for sale in accordance with paragraphs
    360-10-45-9 through 45-10
  3. c
    Apply the impairment guidance in Section 360-10-35.
","snippet":"If an entity transfers a nonfinancial asset in accordance with paragraph 360-10-40-3A, and the contract does not meet all of the criteria in paragraph 606-10-25-1, the entity shall not derecognize the nonfinancial asset …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c91610f9091321bc9a1601b205ba584bf64434069202414d1177c9548b743ba","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:97d1c9ba00d6c94cc92fed03220ab37cc87e35ac970199ed845b2a219495dbef","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Long-Lived Assets to Be Exchanged or to Be Distributed to Owners in a Spinoff","paragraphs":[{"citation":"360-10-40-4","para":"40-4","html":"
For purposes of this Subtopic, a long-lived asset to be disposed of in an exchange measured based on the recorded amount of the nonmonetary asset relinquished or to be distributed to owners in a spinoff is disposed of when it is exchanged or distributed. If the asset (asset group) is tested for recoverability while it is classified as held and used, the estimates of future cash flows used in that test shall be based on the use of the asset for its remaining useful life, assuming that the disposal transaction will not occur. In such a case, an undiscounted cash flows recoverability test shall apply prior to the disposal date. In addition to any impairment losses required to be recognized while the asset is classified as held and used, an impairment loss, if any, shall be recognized when the asset is disposed of if the carrying amount of the asset (disposal group) exceeds its fair value. The provisions of this Section apply to nonmonetary exchanges that are not recorded at fair value under the provisions of Topic 845.
","snippet":"For purposes of this Subtopic, a long-lived asset to be disposed of in an exchange measured based on the recorded amount of the nonmonetary asset relinquished or to be distributed to owners in a spinoff is disposed of wh…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:801baed88d5df1e97265ab862bebcd91b5c87ec1b1610da2291bd49c73376058","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:20c050df5da5ee989ec8855fedc6ba5498563e61d8ffa0a172d45fa939f2796d","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Recognition of Gain or Loss from Sale","paragraphs":[{"citation":"360-10-40-5","para":"40-5","html":"
A gain or loss not previously recognized that results from the sale of a long-lived asset (disposal group) shall be recognized when the long-lived asset (disposal group) is derecognized in accordance with applicable Topics (for example, Topic 610 on other income, Topic 810 on consolidation, or Topic 860 on transfers and servicing).
","snippet":"A gain or loss not previously recognized that results from the sale of a long-lived asset (disposal group) shall be recognized when the long-lived asset (disposal group) is derecognized in accordance with applicable Topi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f2ca14bb0cdaca7e12c99be100998b389f47a3aff397abf96dec9eb0c4884c3","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2a3c44c9d67876934c9b09ded31512b7837c27dab60e68c13a1fc8d79d657331","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Long-Lived Assets to Be Abandoned","paragraphs":[{"citation":"360-10-40-6","para":"40-6","html":"
See paragraphs
360-10-35-47 through 35-48
for guidance related to the disposition of an asset upon its abandonment.
","snippet":"See paragraphs 360-10-35-47 through 35-48 for guidance related to the disposition of an asset upon its abandonment.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:96248d75c187102ef4ad930f8a386dc77a91afda320caf3456bc0d9a75791db3","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6b42daaa093389137ee0f22575ae27f53046198d3fdbea1e92588c4818846dd9","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:10371bc078a18745ffdb06f0316e36153f48e6851fd10f80a08e92de26f17d7a","downloaded_from":"2026-09-10T00:05:57.844Z","last_downloaded_at":"2026-09-10T00:05:57.844Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482161","source_sha256":"02b4a5dca0540ec5b72351dfb93025a7cdc5c8e1fee262005ddbd9af571a90db"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Planned Major Maintenance Activities","paragraphs":[{"citation":"360-10-45-1","para":"45-1","html":"
An entity shall apply the same method of accounting for planned major maintenance activities in annual and interim financial reporting periods.
","snippet":"An entity shall apply the same method of accounting for planned major maintenance activities in annual and interim financial reporting periods.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:add05070cd26e4bcb5a73baf401482dee45cbc468cd8786c38dccdf488ec17ba","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:30d66d31360cbea703af3e4246c0f6f3527fda13a8e62b0c83db993b5cf3928d","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":null,"paragraphs":[{"citation":"360-10-45-2","para":"45-2","html":"
This Subsection presents guidance for the presentation of impairment or disposal of long-lived assets or asset groups that are classified as:
  1. a
    Held and used
  2. b
    Held for sale
  3. c
    To be disposed of other than by sale.
","snippet":"This Subsection presents guidance for the presentation of impairment or disposal of long-lived assets or asset groups that are classified as:\n(a) Held and used\n(b) Held for sale\n(c) To be disposed of other than by sale.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61058109ebf5e0b1bf53d234bb64cd8428c50658a8b04d061f7ce1a10051d8ae","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"citation":"360-10-45-3","para":"45-3","html":"
See paragraphs
205-20-45-1A through 45-11
for guidance on the presentation of operations of a discontinued operation.
","snippet":"See paragraphs 205-20-45-1A through 45-11 for guidance on the presentation of operations of a discontinued operation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:07bdf2fe7e59b0315e433e04f415ddf9af36cac73c023ebfb76949de3c27a294","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f247398459ff941ba1fc56148443b9e39d10168e5829468c93bd0ab10b06aaa3","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Long-Lived Assets Classified as Held and Used","paragraphs":[{"citation":"360-10-45-4","para":"45-4","html":"
An impairment loss recognized for a long-lived asset (asset group) to be held and used shall be included in income from continuing operations before income taxes in the income statement of a business entity. If a subtotal such as income from operations is presented, it shall include the amount of that loss.
","snippet":"An impairment loss recognized for a long-lived asset (asset group) to be held and used shall be included in income from continuing operations before income taxes in the income statement of a business entity. If a subtota…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b59e9a23cc19d191c5bcfa7b13ab1dcfb15dd86aaa8834d3d46db414f7c496d3","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"citation":"360-10-45-5","para":"45-5","html":"
A gain or loss recognized (see Subtopic 610-20 on the sale or transfer of a nonfinancial asset) on the sale of a long-lived asset (disposal group) that is not a discontinued operation shall be included in income from continuing operations before income taxes in the income statement of a business entity. If a subtotal such as income from operations is presented, it shall include the amounts of those gains or losses.
","snippet":"A gain or loss recognized (see Subtopic 610-20 on the sale or transfer of a nonfinancial asset) on the sale of a long-lived asset (disposal group) that is not a discontinued operation shall be included in income from con…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c5c4707daf1a4480a5241567ae06c40c344edcb4d0773dca97c2053a73321e28","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"citation":"360-10-45-6","para":"45-6","html":"
If circumstances arise that previously were considered unlikely and, as a result, an entity decides not to sell a long-lived asset (disposal group) previously classified as held for sale, the asset (disposal group) shall be reclassified as held and used.
","snippet":"If circumstances arise that previously were considered unlikely and, as a result, an entity decides not to sell a long-lived asset (disposal group) previously classified as held for sale, the asset (disposal group) shall…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d992f3aeb5a66176a63c3401aaf2af0f9521313095f5dae2ad5da3c6a9c266c1","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"citation":"360-10-45-7","para":"45-7","html":"
Any required adjustment to the carrying amount of a long-lived asset that is reclassified as held and used shall be included in income from continuing operations in the period of the subsequent decision not to sell. That adjustment shall be reported in the same income statement caption used to report a loss, if any, recognized in accordance with paragraph 360-10-45-5. If a component of an entity is reclassified as held and used, the results of operations of the component previously reported in discontinued operations in accordance with paragraph 205-20-45-3 shall be reclassified and included in income from continuing operations for all periods presented.
","snippet":"Any required adjustment to the carrying amount of a long-lived asset that is reclassified as held and used shall be included in income from continuing operations in the period of the subsequent decision not to sell. That…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2aeba2d6759329f84f0aaf04f4751f62f7557979aba46228da336c3c1d0d5438","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"citation":"360-10-45-8","para":"45-8","html":"
Any long-lived assets that will not be sold shall be reclassified as held and used in accordance with paragraph 360-10-35-44.
","snippet":"Any long-lived assets that will not be sold shall be reclassified as held and used in accordance with paragraph 360-10-35-44.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f81477663b9e73aabb2474197eff05434cb11c53220ee4532769597428c8feb8","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae58d379184320ce202495ee56ce1e7d5a7a69be3e064d4e605c00f456ed726f","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Long-Lived Assets Classified as Held for Sale","paragraphs":[{"citation":"360-10-45-9","para":"45-9","html":"
A long-lived asset (disposal group) to be sold shall be classified as held for sale in the period in which all of the following criteria are met:
  1. a
    Management, having the authority to approve the action, commits to a plan to sell the asset (disposal group).
  2. b
    The asset (disposal group) is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets (disposal groups). (See Examples 5 through 7 [paragraphs
    360-10-55-37 through 55-41
    ], which illustrate when that criterion would be met.)
  3. c
    An active program to locate a buyer and other actions required to complete the plan to sell the asset (disposal group) have been initiated.
  4. d
    The sale of the asset (disposal group) is probable, and transfer of the asset (disposal group) is expected to qualify for recognition as a completed sale, within one year, except as permitted by paragraph 360-10-45-11. (See Example 8 [paragraph 360-10-55-43], which illustrates when that criterion would be met.) The term probable refers to a future sale that is likely to occur.
  5. e
    The asset (disposal group) is being actively marketed for sale at a price that is reasonable in relation to its current fair value. The price at which a long-lived asset (disposal group) is being marketed is indicative of whether the entity currently has the intent and ability to sell the asset (disposal group). A market price that is reasonable in relation to fair value indicates that the asset (disposal group) is available for immediate sale, whereas a market price in excess of fair value indicates that the asset (disposal group) is not available for immediate sale.
  6. f
    Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.
","snippet":"A long-lived asset (disposal group) to be sold shall be classified as held for sale in the period in which all of the following criteria are met:\n(a) Management, having the authority to approve the action, commits to a p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1aa890300e8b4b9443a7dbc8b718712c1d68c87be9053910054076aa19efd83a","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"citation":"360-10-45-10","para":"45-10","html":"
If at any time the criteria in this Subsection are no longer met (except as permitted by the following paragraph), a long-lived asset (disposal group) classified as held for sale shall be reclassified as held and used in accordance with paragraph 360-10-35-44.
","snippet":"If at any time the criteria in this Subsection are no longer met (except as permitted by the following paragraph), a long-lived asset (disposal group) classified as held for sale shall be reclassified as held and used in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5f2369c100a14e6b1ae461e4c7cda6fc8943dcd2198aba4e6ce9f777d143627c","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"citation":"360-10-45-11","para":"45-11","html":"
Events or circumstances beyond an entity's control may extend the period required to complete the sale of a long-lived asset (disposal group) beyond one year. An exception to the one-year requirement in paragraph 360-10-45-9(d) shall apply in the following situations in which such events or circumstances arise:
  1. a
    If at the date an entity commits to a plan to sell a long-lived asset (disposal group) the entity reasonably expects that others (not a buyer) will impose conditions on the transfer of the asset (group) that will extend the period required to complete the sale and both of the following conditions are met:
    1. 1
      Actions necessary to respond to those conditions cannot be initiated until after a firm purchase commitment is obtained.
    2. 2
      A firm purchase commitment is probable within one year. (See Example 9 [paragraph 360-10-55-44], which illustrates that situation.)
  2. b
    If an entity obtains a firm purchase commitment and, as a result, a buyer or others unexpectedly impose conditions on the transfer of a long-lived asset (disposal group) previously classified as held for sale that will extend the period required to complete the sale and both of the following conditions are met:
    1. 1
      Actions necessary to respond to the conditions have been or will be timely initiated.
    2. 2
      A favorable resolution of the delaying factors is expected. (See Example 10 [paragraph 360-10-55-46], which illustrates that situation.)
  3. c
    If during the initial one-year period, circumstances arise that previously were considered unlikely and, as a result, a long-lived asset (disposal group) previously classified as held for sale is not sold by the end of that period and all of the following conditions are met:
    1. 1
      During the initial one-year period the entity initiated actions necessary to respond to the change in circumstances.
    2. 2
      The asset (group) is being actively marketed at a price that is reasonable given the change in circumstances.
    3. 3
      The criteria in paragraph 360-10-45-9 are met. (See Example 11 [paragraph 360-10-55-48], which illustrates that situation.)
","snippet":"Events or circumstances beyond an entity's control may extend the period required to complete the sale of a long-lived asset (disposal group) beyond one year. An exception to the one-year requirement in paragraph 360-10-…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01781897744b8d49d7263264c61f0b47f4a27540a1971693b37d6b97fc12cb5a","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"citation":"360-10-45-12","para":"45-12","html":"
A long-lived asset (disposal group) that is newly acquired and that will be sold rather than held and used shall be classified as held for sale at the acquisition date only if the one-year requirement in paragraph 360-10-45-9(d) is met (except as permitted by the preceding paragraph) and any other criteria in paragraph 360-10-45-9 that are not met at that date are probable of being met within a short period following the acquisition (usually within three months).
","snippet":"A long-lived asset (disposal group) that is newly acquired and that will be sold rather than held and used shall be classified as held for sale at the acquisition date only if the one-year requirement in paragraph 360-10…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9b11037dbbae4a8b1136007fdcce5f57e529d3021247f88c85d52bb6dc3d458e","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"citation":"360-10-45-13","para":"45-13","html":"
If the criteria in paragraph 360-10-45-9 are met after the balance sheet date but before the financial statements are issued or are available to be issued (as discussed in Section 855-10-25), a long-lived asset shall continue to be classified as held and used in those financial statements when issued or when available to be issued. In addition, information required by paragraph 205-20-50-1(a) shall be disclosed in the notes to financial statements. If the asset (asset group) is tested for recoverability (on a held-and-used basis) as of the balance sheet date, the estimates of future cash flows used in that test shall consider the likelihood of possible outcomes that existed at the balance sheet date, including the assessment of the likelihood of the future sale of the asset. That assessment made as of the balance sheet date shall not be revised for a decision to sell the asset after the balance sheet date. Because it is difficult to separate the benefit of hindsight when assessing conditions that existed at a prior date, it is important that judgments about those conditions, the need to test an asset for recoverability, and the application of a recoverability test be made and documented together with supporting evidence on a timely basis. An impairment loss, if any, to be recognized shall be measured as the amount by which the carrying amount of the asset (asset group) exceeds its fair value at the balance sheet date.
","snippet":"If the criteria in paragraph 360-10-45-9 are met after the balance sheet date but before the financial statements are issued or are available to be issued (as discussed in Section 855-10-25), a long-lived asset shall con…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc7ae17cfb8a51eae0579b9662027596894096760afa4c1a8b158682f642b309","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"citation":"360-10-45-14","para":"45-14","html":"
A long-lived asset classified as held for sale (but not qualifying for presentation as a discontinued operation in the statement of financial position in accordance with paragraph 205-20-45-10) shall be presented separately in the statement of financial position of the current period. The assets and liabilities of a disposal group classified as held for sale shall be presented separately in the asset and liability sections, respectively, of the statement of financial position. Those assets and liabilities shall not be offset and presented as a single amount. The major classes of assets and liabilities classified as held for sale shall be separately presented on the face of the statement of financial position or disclosed in the notes to financial statements (see paragraph 360-10-50-3(e)).
","snippet":"A long-lived asset classified as held for sale (but not qualifying for presentation as a discontinued operation in the statement of financial position in accordance with paragraph 205-20-45-10) shall be presented separat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:682bba7a6a71b47a2cc4e18eeea4892f6185a1df1601fd72ac0f77a0b6ea4a9c","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5b569b9be2c52937a95fa6a0941fc227f227e74f55be6add25516baea60c6055","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Long-Lived Assets to Be Disposed of Other Than by Sale","paragraphs":[{"citation":"360-10-45-15","para":"45-15","html":"
A long-lived asset to be disposed of other than by sale (for example, by abandonment, in an exchange measured based on the recorded amount of the nonmonetary asset relinquished, or in a distribution to owners in a spinoff) shall continue to be classified as held and used until it is disposed of. The guidance on long-lived assets to be held and used in Sections 360-10-35, 360-10-45, and 360-10-50 shall apply while the asset is classified as held and used. If a long-lived asset is to be abandoned or distributed to owners in a spinoff together with other assets (and liabilities) as a group and that disposal group meets the conditions in paragraphs
205-20-45-1A through 45-1C
to be reported in discontinued operations, paragraphs
205-20-45-3 through 45-5
 shall apply to the disposal group at the date it is disposed of.
","snippet":"A long-lived asset to be disposed of other than by sale (for example, by abandonment, in an exchange measured based on the recorded amount of the nonmonetary asset relinquished, or in a distribution to owners in a spinof…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0fc3754acd0a3b3a000ba7b05417f9d1d737863bb223bdc23bd1781e389d95d","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4626cc9500c10d38576e68e3841fb7eec32d3737ea14f1ec7701f899b75ead89","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3bfbe6dc0d2e817e1c796a8ab090e7bd077e64ca1b7ae26e6c23989ef45c47c0","downloaded_from":"2026-09-10T00:06:01.538Z","last_downloaded_at":"2026-09-10T00:06:01.538Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482130","source_sha256":"a8b65dd581034c2923adf76f0bcc6b3c6c094bc32882ba2594220f0697fb9b2a"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-10-50-1","para":"50-1","html":"
Because of the significant effects on financial position and results of operations of the depreciation method or methods used, all of the following disclosures shall be made in the financial statements or in notes thereto:
  1. a
    Depreciation expense for the period
  2. b
    Balances of major classes of depreciable assets, by nature or function, at the balance sheet date
  3. c
    Accumulated depreciation, either by major classes of depreciable assets or in total, at the balance sheet date
  4. d
    A general description of the method or methods used in computing depreciation with respect to major classes of depreciable assets.
","snippet":"Because of the significant effects on financial position and results of operations of the depreciation method or methods used, all of the following disclosures shall be made in the financial statements or in notes theret…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a703492d5df30053535658d2235dece01d0fc52c6f1808212965d848e5d1a365","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2b8a46c19a6d457cac00e8d1179e66768d76db6e5fe8bf45f57d5dedd344e60","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Impairment of Long-Lived Assets Classified as Held and Used","paragraphs":[{"citation":"360-10-50-2","para":"50-2","html":"
All of the following information shall be disclosed in the notes to financial statements that include the period in which an impairment loss is recognized:
  1. a
    A description of the impaired long-lived asset (asset group) and the facts and circumstances leading to the impairment
  2. b
    If not separately presented on the face of the statement, the amount of the impairment loss and the caption in the income statement or the statement of activities that includes that loss
  3. c
    The method or methods for determining fair value (whether based on a quoted market price, prices for similar assets, or another valuation technique)
  4. d
    If applicable, the segment in which the impaired long-lived asset (asset group) is reported under Topic 280.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1All of the following information shall be disclosed in the notes to financial statements that include the period in which an impairment loss is recognized:
  1. a
    A description of the impaired long-lived asset (asset group) and the facts and circumstances leading to the impairment
  2. b
    If not separately presented on the face of the statement, the amount of the impairment loss and the caption in the income statement or the statement of activities that includes that loss
  3. c
    The method or methods for determining fair value (whether based on a quoted market price, prices for similar assets, or another valuation technique)
  4. d
    If applicable, the segment in which the impaired long-lived asset (asset group) is reported under Topic 280.
See paragraphs
220-40-50-21 through 50-25
for additional disclosure requirements.
","snippet":"All of the following information shall be disclosed in the notes to financial statements that include the period in which an impairment loss is recognized:\n(a) A description of the impaired long-lived asset (asset group)…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d557fca04db39dc6f8f612a4d49c83e6a39902bdeafd5fd7801399d64e93fbb","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4fa7792d3ea44a01a509404bdc447c7c821b164c6098d45babd5f721d09128a0","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Long-Lived Assets Classified as Held for Sale or Disposed Of","paragraphs":[{"citation":"360-10-50-3","para":"50-3","html":"
For any period in which a long-lived asset (disposal group) either has been disposed of or is classified as held for sale (see paragraph 360-10-45-9), an entity shall disclose all of the following in the notes to financial statements:
  1. a
    A description of the facts and circumstances leading to the disposal or the expected disposal.
  2. b
    The expected manner and timing of that disposal.
  3. c
    The gain or loss recognized in accordance with paragraphs
    360-10-35-37 through 35-45
    and 360-10-40-5.
  4. d
    If not separately presented on the face of the statement where net income is reported (or in the statement of activities for a not-for-profit entity), the caption in the statement where net income is reported (or in the statement of activities for a not-for-profit entity) that includes that gain or loss.
  5. e
    If not separately presented on the face of the statement of financial position, the carrying amount(s) of the major classes of assets and liabilities included as part of a disposal group classified as held for sale. Any loss recognized on the disposal group classified as held for sale in accordance with paragraphs
    360-10-35-37 through 35-45
    and 360-10-40-5 shall not be allocated to the major classes of assets and liabilities of the disposal group.
  6. f
    If applicable, the segment in which the long-lived asset (disposal group) is reported under Topic 280 on segment reporting.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For any period in which a long-lived asset (disposal group) either has been disposed of or is classified as held for sale (see paragraph 360-10-45-9), an entity shall disclose all of the following in the notes to financial statements:
  1. a
    A description of the facts and circumstances leading to the disposal or the expected disposal.
  2. b
    The expected manner and timing of that disposal.
  3. c
    The gain or loss recognized in accordance with paragraphs
    360-10-35-37 through 35-45
    and 360-10-40-5.
  4. d
    If not separately presented on the face of the statement where net income is reported (or in the statement of activities for a not-for-profit entity), the caption in the statement where net income is reported (or in the statement of activities for a not-for-profit entity) that includes that gain or loss.
  5. e
    If not separately presented on the face of the statement of financial position, the carrying amount(s) of the major classes of assets and liabilities included as part of a disposal group classified as held for sale. Any loss recognized on the disposal group classified as held for sale in accordance with paragraphs
    360-10-35-37 through 35-45
    and 360-10-40-5 shall not be allocated to the major classes of assets and liabilities of the disposal group.
  6. f
    If applicable, the segment in which the long-lived asset (disposal group) is reported under Topic 280 on segment reporting.
See paragraphs
220-40-50-21 through 50-25
for additional disclosure requirements.
","snippet":"For any period in which a long-lived asset (disposal group) either has been disposed of or is classified as held for sale (see paragraph 360-10-45-9), an entity shall disclose all of the following in the notes to financi…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1f9f9786997ca082c9771f9bae5033a949852dbade4125ecf841403dee1754d","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}},{"citation":"360-10-50-3A","para":"50-3A","html":"
In addition to the disclosures in paragraph 360-10-50-3, if a long-lived asset (disposal group) includes an individually significant component of an entity that either has been disposed of or is classified as held for sale (see paragraph 360-10-45-9) and does not qualify for presentation and disclosure as a discontinued operation (see Subtopic 205-20 on discontinued operations), a public business entity and a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market shall disclose the information in (a). All other entities shall disclose the information in (b).
  1. a
    For a public business entity and a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, both of the following:
    1. 1
      The pretax profit or loss (or change in net assets for a not-for-profit entity) of the individually significant component of an entity for the period in which it is disposed of or is classified as held for sale and for all prior periods that are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity) calculated in accordance with paragraphs
      205-20-45-6 through 45-9
    2. 2
      If the individually significant component of an entity includes a noncontrolling interest, the pretax profit or loss (or change in net assets for a not-for-profit entity) attributable to the parent for the period in which it is disposed of or is classified as held for sale and for all prior periods that are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity).
  2. b
    For all other entities, both of the following:
    1. 1
      The pretax profit or loss (or change in net assets for a not-for-profit entity) of the individually significant component of an entity for the period in which it is disposed of or is classified as held for sale calculated in accordance with paragraphs
      205-20-45-6 through 45-9
    2. 2
      If the individually significant component of an entity includes a noncontrolling interest, the pretax profit or loss (or change in net assets for a not-for-profit entity) attributable to the parent for the period in which it is disposed of or is classified as held for sale.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1In addition to the disclosures in paragraph 360-10-50-3, if a long-lived asset (disposal group) includes an individually significant component of an entity that either has been disposed of or is classified as held for sale (see paragraph 360-10-45-9) and does not qualify for presentation and disclosure as a discontinued operation (see Subtopic 205-20 on discontinued operations), a public business entity and a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market shall disclose the information in (a). All other entities shall disclose the information in (b). The following disclosures are required in interim and annual reporting periods:
  1. a
    For a public business entity and a not-for-profit entity that has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, both of the following:
    1. 1
      The pretax profit or loss (or change in net assets for a not-for-profit entity) of the individually significant component of an entity for the period in which it is disposed of or is classified as held for sale and for all prior periods that are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity) calculated in accordance with paragraphs
      205-20-45-6 through 45-9
    2. 2
      If the individually significant component of an entity includes a noncontrolling interest, the pretax profit or loss (or change in net assets for a not-for-profit entity) attributable to the parent for the period in which it is disposed of or is classified as held for sale and for all prior periods that are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity).
  2. b
    For all other entities, both of the following:
    1. 1
      The pretax profit or loss (or change in net assets for a not-for-profit entity) of the individually significant component of an entity for the period in which it is disposed of or is classified as held for sale calculated in accordance with paragraphs
      205-20-45-6 through 45-9
    2. 2
      If the individually significant component of an entity includes a noncontrolling interest, the pretax profit or loss (or change in net assets for a not-for-profit entity) attributable to the parent for the period in which it is disposed of or is classified as held for sale.
","snippet":"In addition to the disclosures in paragraph 360-10-50-3, if a long-lived asset (disposal group) includes an individually significant component of an entity that either has been disposed of or is classified as held for sa…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:da2f3f4845f665d8a9c5a7aeda41ffece01d72e5a14b35a06d5acc1640222e1e","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7b674c90d070329cb9f1e7a245b980ff259fe67973e76383daf1a7dd1c0e1b29","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Foreclosed Properties Held for Sale","paragraphs":[{"citation":"360-10-50-4","para":"50-4","html":"
See paragraph 310-10-50-11 for guidance related to foreclosed and repossessed assets.
","snippet":"See paragraph 310-10-50-11 for guidance related to foreclosed and repossessed assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bf2f7621c7f44e6af9c5be892af9f440374ecb8748dbc0c4391224c10ba16b1f","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4b18d39924f861912f81c2078b2d06fdc0d13700692d0ccdb0d5056febc4f6ec","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:055f24b66227d89fe1eb1fed7c9e3023db71a94e9e13981a97872cec5b62728c","downloaded_from":"2026-09-10T00:06:03.812Z","last_downloaded_at":"2026-09-10T00:06:03.812Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482099","source_sha256":"b4f12bc7bd825b56628647cf6bc10e52751deb671a784abf72fcb8762ae7089d"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Implementation Guidance","paragraphs":[{"citation":"360-10-55-1","para":"55-1","html":"
The following guidance demonstrates the consideration of restoration and environmental exit costs when testing a long-lived asset for impairment. Paragraphs
360-10-35-18 through 35-19
also provide guidance for such testing for assets subject to asset retirement obligations.
","snippet":"The following guidance demonstrates the consideration of restoration and environmental exit costs when testing a long-lived asset for impairment. Paragraphs 360-10-35-18 through 35-19 also provide guidance for such testi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5bfb93aa8e920f8da24398f219e3519210951d80f3f103e93f9d9c0681b9768b","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-2","para":"55-2","html":"
For certain assets covered by this Subtopic, costs for future site restoration or closure (environmental exit costs) may be incurred if the asset is sold, is abandoned, or ceases operations. Environmental exit costs within the scope of this Subsection include:
  1. a
    Asset retirement costs recognized pursuant to Subtopic 410-20
  2. b
    Asset retirement costs that have not been recognized because the obligation has not been incurred
  3. c
    Certain environmental remediation costs that have not yet been recognized as a liability pursuant to Subtopic 410-30.
","snippet":"For certain assets covered by this Subtopic, costs for future site restoration or closure (environmental exit costs) may be incurred if the asset is sold, is abandoned, or ceases operations. Environmental exit costs with…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0bae5c3823b8538cdcde9b7b96da889fc011475e78ca10cf290e1d1154665e02","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-3","para":"55-3","html":"
Pursuant to Subtopic 410-20, asset retirement costs may be incurred over more than one reporting period. For example, the liability for performing certain capping, closure, and postclosure activities in connection with operating a landfill is incurred as the landfill receives waste.
","snippet":"Pursuant to Subtopic 410-20, asset retirement costs may be incurred over more than one reporting period. For example, the liability for performing certain capping, closure, and postclosure activities in connection with o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:30fecc7d0f89224d68e2a35e1e7f3670b41b4441924c6911ff513afe173b8790","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-4","para":"55-4","html":"
The related cash flows, if any, might not occur until the end of the asset's life if the asset ceases operations, or they might be deferred indefinitely as long as the asset is not sold or abandoned.
","snippet":"The related cash flows, if any, might not occur until the end of the asset's life if the asset ceases operations, or they might be deferred indefinitely as long as the asset is not sold or abandoned.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9bb5552a9488963ff046bbfad5c43cf51fa1ccd8b80ba820db3321075575abb6","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-5","para":"55-5","html":"
The issue is whether the cash flows associated with environmental exit costs that may be incurred if a long-lived asset is sold, is abandoned, or ceases operations should be included in the undiscounted expected future cash flows used to test a long-lived asset for recoverability under this Subtopic.
","snippet":"The issue is whether the cash flows associated with environmental exit costs that may be incurred if a long-lived asset is sold, is abandoned, or ceases operations should be included in the undiscounted expected future c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:041e8dc4c12c677a5a3db1973f40b5d0f166b1c9b1112868c3549b2ce759e417","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-6","para":"55-6","html":"
For environmental exit costs that have not been recognized as a liability for accounting purposes, whether those environmental exit costs shall be included in the undiscounted expected future cash flows used to test a long-lived asset for recoverability under this Subtopic depends on management's intent with respect to the asset. Pursuant to this Subtopic, if management's intent contemplates alternative courses of action to recover the carrying amount of the asset or if a range is estimated for the amount of possible future cash flows, the likelihood of those possible outcomes shall be considered. Examples of management's intent and the corresponding treatment of the environmental exit costs in this Subtopic's recoverability test are described below. (Environmental remediation costs discussed in certain of these cases refer to environmental remediation costs that have not yet been recognized as a liability pursuant to Subtopic 410-30.) This paragraph illustrates the guidance in paragraphs
360-10-35-29 through 35-35
on estimating future cash flows used to test a long-lived asset for recoverability.
","snippet":"For environmental exit costs that have not been recognized as a liability for accounting purposes, whether those environmental exit costs shall be included in the undiscounted expected future cash flows used to test a lo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1881bb10c27183ab2ffca68019a063b216c495eb6075a3badfe29abd50e3daa2","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-7","para":"55-7","html":"
The following guidance demonstrates the consideration of restoration and environmental exit costs when testing a long-lived asset for impairment. In all of the following situations, environmental exit costs would be excluded from this Subtopic's recoverability test.
","snippet":"The following guidance demonstrates the consideration of restoration and environmental exit costs when testing a long-lived asset for impairment. In all of the following situations, environmental exit costs would be excl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c5c019991a36fd4384caab03ba74ba5bd5c85f0d493639874313bc565db7650a","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-8","para":"55-8","html":"
Management intends to operate the asset for at least the asset's remaining depreciable life, the sum of the undiscounted future cash flows expected from the asset's use during that period exceeds the asset's carrying amount including any associated goodwill, and management has no reason to believe that the asset's eventual disposition will result in a net cash outflow.
","snippet":"Management intends to operate the asset for at least the asset's remaining depreciable life, the sum of the undiscounted future cash flows expected from the asset's use during that period exceeds the asset's carrying amo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ec09c49de8cfdecd1565bb8ebee262858fe1db8c4a077ac828b4c9136288044","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-9","para":"55-9","html":"
Management expects to operate the asset indefinitely and has the ability to do so, the asset is generating positive cash flows, management's best information indicates that the asset will continue to be profitable in the future, and there are no known constraints to the asset's economic life. This Subtopic's recoverability test shall include the future cash outflows for repairs, maintenance, and capital expenditures necessary to obtain the future cash inflows expected to be generated by the asset based on its existing service potential.
","snippet":"Management expects to operate the asset indefinitely and has the ability to do so, the asset is generating positive cash flows, management's best information indicates that the asset will continue to be profitable in the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f430e5416cd0d94adfb906d677b79454f5c453adb8f5f0aecf828dd509fee7c8","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-10","para":"55-10","html":"
The asset has a finite economic life, but environmental remediation costs will only be incurred if the asset is sold or abandoned. At the end of the asset's life, management intends either to close the asset permanently because the costs of remediating the asset exceed the proceeds that likely would be received if the asset were sold or, alternatively, to idle the asset by reducing production to a minimal or nominal amount. (Although the environmental remediation costs are excluded from this Subtopic's recoverability test, the recoverability test shall incorporate the entity's own assumptions about its use of the asset. That is, the recoverability test shall consider the likelihood of the alternative courses of action [either closing or idling the asset] and the resulting cash flows associated with those alternative courses.)
","snippet":"The asset has a finite economic life, but environmental remediation costs will only be incurred if the asset is sold or abandoned. At the end of the asset's life, management intends either to close the asset permanently …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63f6f1dde2b3fe7de3e3755bef1c76e89e3996f4f12fa7a45ebebff063323dd7","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-11","para":"55-11","html":"
Management expects to sell the asset in the future, and the asset's sale will not require the environmental remediation costs to be incurred. (Although the environmental remediation costs are excluded from this Subtopic's recoverability test, the fair value of the asset is likely to be affected by the existence of those costs. The diminished fair value shall be considered in estimating the cash flows expected to arise from the eventual sale of the asset.)
","snippet":"Management expects to sell the asset in the future, and the asset's sale will not require the environmental remediation costs to be incurred. (Although the environmental remediation costs are excluded from this Subtopic'…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:51806b92f0fda59524693fa1a15932007e313ad73a545312c12c5f01b559f9e2","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-12","para":"55-12","html":"
The following guidance demonstrates the consideration of restoration and environmental exit costs when testing a long-lived asset for impairment. In all of the following situations, environmental exit costs would be included in this Subtopic's recoverability test.
","snippet":"The following guidance demonstrates the consideration of restoration and environmental exit costs when testing a long-lived asset for impairment. In all of the following situations, environmental exit costs would be incl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5e136bb2423ce5399e6f1bccec921b325bcbee6e5ed058e9d53bf85fa4af43f","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-13","para":"55-13","html":"
Management expects to take a future action related to the asset that may cause the environmental remediation costs to be incurred. However, uncertainties or inconsistencies exist in how the related laws or regulatory requirements are applied. Management estimates, based on the weight of the available evidence, a 60 percent chance that the remediation costs will not be incurred and a 40 percent chance that those costs will be incurred. Pursuant to this Subtopic, other situations may exist in which cash flows are estimated using a single set or best estimate of cash flows.
","snippet":"Management expects to take a future action related to the asset that may cause the environmental remediation costs to be incurred. However, uncertainties or inconsistencies exist in how the related laws or regulatory req…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1905544eda3f70829e2cda3407c1e5f322b9bfdba8eddbff074735de61600fd1","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-14","para":"55-14","html":"
The useful life of the asset is limited as a result of any of the following:
  1. a
    Actual or expected technological advances
  2. b
    Contractual provisions
  3. c
    Regulatory restrictions.
Also, when the asset's service potential has ended, management will be required to dispose of the asset under paragraph 360-10-55-16 or 360-10-55-17.
","snippet":"The useful life of the asset is limited as a result of any of the following:\n(a) Actual or expected technological advances\n(b) Contractual provisions\n(c) Regulatory restrictions.\nAlso, when the asset's service potential …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef4af981c7d21a47a2b1ba30ede94264fda35f0388aa2ee18267b343596ae8c5","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-15","para":"55-15","html":"
The asset has a current period cash flow loss from operations combined with a projection or forecast that anticipates continuing losses. Management expects the asset to achieve profitability in the future but uncertainty exists about management's ability to fund the future cash outflows up to the time that net cash inflows are expected from the asset's use. In the event of a forced liquidation, management would likely dispose of the asset under the following paragraph or paragraph 360-10-55-17.
","snippet":"The asset has a current period cash flow loss from operations combined with a projection or forecast that anticipates continuing losses. Management expects the asset to achieve profitability in the future but uncertainty…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7f5481bb0c38d17fce733251008c8011336b9bf93fe2466ebe0c57a950b19c20","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-16","para":"55-16","html":"
Management intends to abandon or close the asset in the future, and the event of abandonment or closure will cause the environmental remediation costs to be incurred.
","snippet":"Management intends to abandon or close the asset in the future, and the event of abandonment or closure will cause the environmental remediation costs to be incurred.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ef5c012198874fb70c8c76e16f2a8cf27afbab3e2acba76fa4b1b00d58f7c97","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-17","para":"55-17","html":"
Management intends to sell the asset in the future, and the applicable laws, regulations, or interpretations thereof require that appropriate environmental remediation (not within the scope of Subtopic 410-20) occur in connection with the sale.
","snippet":"Management intends to sell the asset in the future, and the applicable laws, regulations, or interpretations thereof require that appropriate environmental remediation (not within the scope of Subtopic 410-20) occur in c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8361af7148844aa88614be8a0e1e140301930eb7f23908cf96339fd54c681bab","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-18","para":"55-18","html":"
Management expects to operate the asset for the remainder of its useful life. Related asset retirement costs are incurred over the life of the asset (for example, the operation of a landfill). Estimated cash flows associated with the asset retirement costs yet to be incurred and recognized shall be included in this Subtopic's recoverability test.
","snippet":"Management expects to operate the asset for the remainder of its useful life. Related asset retirement costs are incurred over the life of the asset (for example, the operation of a landfill). Estimated cash flows associ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb835bec1b4e5280c116393536b4b8eb51e90b00c5697091aa14fc887d162425","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-18A","para":"55-18A","html":"
The following flowchart provides an overview of the disclosures required for disposals of long-lived assets and individually significant components of an entity that do not qualify for presentation and disclosure as a discontinued operation (see Subtopic 205-20 on discontinued operations).
","snippet":"The following flowchart provides an overview of the disclosures required for disposals of long-lived assets and individually significant components of an entity that do not qualify for presentation and disclosure as a di…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:57c73fb7589c795f6c82cbcc1994b025447bc09ef3b337b5db9b395c1115c5e4","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d57a88eb405306447ef0b68d5a4d81482487c674c3636784314dca7682dfe602","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"block":"Impairment or Disposal of Long-Lived Assets","heading":"Illustrations","paragraphs":[{"citation":"360-10-55-19","para":"55-19","html":"
The following Examples illustrate application of some of the provisions of this Subtopic. The Examples do not address all possible situations or applications of this Subtopic.
","snippet":"The following Examples illustrate application of some of the provisions of this Subtopic. The Examples do not address all possible situations or applications of this Subtopic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1088fa76e34b28ca4411667367f179e8eb8a876e71f842e3a5ff02d23d11249","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-20","para":"55-20","html":"
This Example illustrates the allocation of an impairment loss to the long-lived assets of an asset group (see paragraph 360-10-35-28).
","snippet":"This Example illustrates the allocation of an impairment loss to the long-lived assets of an asset group (see paragraph 360-10-35-28).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db79b1aceaafe70f81561953d0a9a43a6bb34fcf1c34caaa28a361dba71c712e","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-21","para":"55-21","html":"
An entity owns a manufacturing facility that together with other assets is tested for recoverability as a group. In addition to long-lived assets (Assets A-D), the asset group includes inventory measured using first-in, first-out (FIFO), which is reported at the lower of cost and net realizable value in accordance with Topic 330, and other current assets and liabilities that are not covered by this Subtopic. The $2.75 million aggregate carrying amount of the asset group is not recoverable and exceeds its fair value by $600,000. In accordance with paragraph 360-10-35-28, the impairment loss of $600,000 would be allocated as shown below to the long-lived assets of the group.
","snippet":"An entity owns a manufacturing facility that together with other assets is tested for recoverability as a group. In addition to long-lived assets (Assets A-D), the asset group includes inventory measured using first-in, …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2bce6906f4767b3fca92ee478635bcd37d5eeeb49a6ca56cf025ee09e028566","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-22","para":"55-22","html":"
If the fair value of an individual long-lived asset of an asset group is determinable without undue cost and effort and exceeds the adjusted carrying amount of that asset after an impairment loss is allocated initially, the excess impairment loss initially allocated to that asset would be reallocated to the other long-lived assets of the group. For example, if the fair value of Asset C is $822,000, the excess impairment loss of $100,000 initially allocated to that asset (based on its adjusted carrying amount of $722,000) would be reallocated as shown below to the other long-lived assets of the group on a pro rata basis using the relative adjusted carrying amounts of those assets.
","snippet":"If the fair value of an individual long-lived asset of an asset group is determinable without undue cost and effort and exceeds the adjusted carrying amount of that asset after an impairment loss is allocated initially, …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:05573766a5f789494bde6dd64c3122e6609577a08bd3828e215e8235623453ab","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-23","para":"55-23","html":"
This Example illustrates the use of a probability-weighted approach for developing estimates of future cash flows used to test a long-lived asset for recoverability when alternative courses of action are under consideration (see paragraph 360-10-35-30). This Example has the following Cases:
  1. a
    Probability-weighted cash flows (Case A)
  2. b
    Expected cash flows technique (Case B).
","snippet":"This Example illustrates the use of a probability-weighted approach for developing estimates of future cash flows used to test a long-lived asset for recoverability when alternative courses of action are under considerat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f8166f10e3f1ab00ac400ca90d95951b8158d3a81c8e810f05c9dce4a33dd563","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-24","para":"55-24","html":"
Cases A and B share all of the following assumptions.
","snippet":"Cases A and B share all of the following assumptions.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:30f55d3ba33e13942587fdff1e4839c9a2341e401ce1e8cce48d883081350554","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-25","para":"55-25","html":"
As of December 31, 20X2, a manufacturing facility with a carrying amount of $48 million is tested for recoverability. At that date, 2 courses of action to recover the carrying amount of the facility are under consideration—sell in 2 years or sell in 10 years (at the end of its remaining useful life).
","snippet":"As of December 31, 20X2, a manufacturing facility with a carrying amount of $48 million is tested for recoverability. At that date, 2 courses of action to recover the carrying amount of the facility are under considerati…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dab032751beeda89b33f1ea200b05d18eaa87723d345a57b41ab40ae5a7584cb","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-26","para":"55-26","html":"
The possible cash flows associated with each of those courses of action are $41 million and $48.7 million, respectively. They are developed based on entity-specific assumptions about future sales (volume and price) and costs in varying scenarios that consider the likelihood that existing customer relationships will continue, changes in economic (market) conditions, and other relevant factors.
","snippet":"The possible cash flows associated with each of those courses of action are $41 million and $48.7 million, respectively. They are developed based on entity-specific assumptions about future sales (volume and price) and c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b9d2a36c401d23b99fbc9924195b058f4a679ed12f47b391fc0912a68bcc226b","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-27","para":"55-27","html":"
The following table shows the possible cash flows associated with each of the courses of action—sell in 2 years or sell in 10 years.
","snippet":"The following table shows the possible cash flows associated with each of the courses of action—sell in 2 years or sell in 10 years.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:170c97277dfc1c03b72a3100585022a70685fff3c61f1064ab615b028b1cefee","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-28","para":"55-28","html":"
As further indicated in the following table, there is a 60 percent probability that the facility will be sold in 2 years and a 40 percent probability that the facility will be sold in 10 years.
","snippet":"As further indicated in the following table, there is a 60 percent probability that the facility will be sold in 2 years and a 40 percent probability that the facility will be sold in 10 years.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49bf7b463ab2a916d3c0e7aa7088ae45301483e3b5a9de75f7c7d79b172d1d1d","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-29","para":"55-29","html":"
The alternatives of whether to sell or use an asset are not necessarily independent of each other. In many situations, after estimating the possible future cash flows relating to those potential courses of action, an entity might select the course of action that results in a significantly higher estimate of possible future cash flows. In that situation, the entity generally would use the estimates of possible future cash flows relating only to that course of action in computing future cash flows. As shown, the expected cash flows are $44.1 million (undiscounted). Therefore, the carrying amount of the facility of $48 million would not be recoverable.
","snippet":"The alternatives of whether to sell or use an asset are not necessarily independent of each other. In many situations, after estimating the possible future cash flows relating to those potential courses of action, an ent…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:826f3d170e29d063566f6281a9ffa9b6dd79f45c2f28d342023327ac2917ea58","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-30","para":"55-30","html":"
This Case illustrates the application of an expected present value technique to estimate the fair value of a long-lived asset in an impairment situation.
","snippet":"This Case illustrates the application of an expected present value technique to estimate the fair value of a long-lived asset in an impairment situation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:25aa7f293dd0bc68cc4c4a34a7312d73fd7b1b6dc2a91455aca759ba7def9ec4","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-31","para":"55-31","html":"
The following table shows by year the computation of the expected cash flows used in the measurement. They reflect the possible cash flows (probability-weighted) used to test the manufacturing facility for recoverability in Case A, adjusted for relevant marketplace assumptions, which increases the possible cash flows in total by approximately 15 percent.
","snippet":"The following table shows by year the computation of the expected cash flows used in the measurement. They reflect the possible cash flows (probability-weighted) used to test the manufacturing facility for recoverability…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9bd3af7095055de46cb2fc37f6e63848a99f2cff313f4809d5594f933db29153","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-32","para":"55-32","html":"
The following table shows the computation of the expected present value; that is, the sum of the present values of the expected cash flows by year, each discounted at a risk-free interest rate determined from the yield curve for U.S. Treasury instruments. In this Case, a market risk premium is included in the expected cash flows; that is, the cash flows are certainty equivalent cash flows. As shown, the expected present value is $42.3 million, which is less than the carrying amount of $48 million. In accordance with paragraph 360-10-35-17 the entity would recognize an impairment loss of $5.7 million.
","snippet":"The following table shows the computation of the expected present value; that is, the sum of the present values of the expected cash flows by year, each discounted at a risk-free interest rate determined from the yield c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01c1488befc8f72f2c3e6683b20b31bcb1d3b3dfdf7a269285b218adcea1b0b1","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-33","para":"55-33","html":"
A long-lived asset that is under development may be part of an asset group that is in use. In that situation, estimates of future cash flows used to test the recoverability of that group shall include the cash flows associated with future expenditures necessary to maintain the existing service potential of the group as well as the cash flows associated with future expenditures necessary to substantially complete the asset that is under development (see paragraph 360-10-35-35).
","snippet":"A long-lived asset that is under development may be part of an asset group that is in use. In that situation, estimates of future cash flows used to test the recoverability of that group shall include the cash flows asso…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f027ef858fd391194eef22c82ea61729fad693a4cb965ed1ae3fce6f59eea20","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-34","para":"55-34","html":"
An entity engaged in mining and selling phosphate estimates future cash flows from its commercially minable phosphate deposits in order to test the recoverability of the asset group that includes the mine and related long-lived assets (plant and equipment). Deposits from the mined rock must be processed in order to extract the phosphate. As the active mining area expands along the geological structure of the mine, a new processing plant is constructed near the production area. Depending on the size of the mine, extracting the minable deposits may require building numerous processing plants over the life of the mine. In testing the recoverability of the mine and related long-lived assets, the estimates of future cash flows from its commercially minable phosphate deposits would include cash flows associated with future expenditures necessary to build all of the required processing plants.
","snippet":"An entity engaged in mining and selling phosphate estimates future cash flows from its commercially minable phosphate deposits in order to test the recoverability of the asset group that includes the mine and related lon…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0651a0b539306b860a7166162e40563284f578d995f70c7a25d7c71a1c432d5e","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-35","para":"55-35","html":"
Varying facts and circumstances will inevitably justify different groupings of assets for impairment review. While grouping at the lowest level for which there are identifiable cash flows for recognition and measurement of an impairment loss is understood, determining that lowest level requires considerable judgment.
","snippet":"Varying facts and circumstances will inevitably justify different groupings of assets for impairment review. While grouping at the lowest level for which there are identifiable cash flows for recognition and measurement …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9c4997df48c33bcdfbc49bcc8840d9894b02f95e353c353903ee8bea6e81048","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-36","para":"55-36","html":"
This Example illustrates the need for judgment in grouping assets for impairment, as discussed in paragraphs
360-10-35-23 through 35-25
. In this Example, an entity operates a bus entity that provides service under contract with a municipality that requires minimum service on each of five separate routes. Assets devoted to serving each route and the cash flows from each route are discrete. One of the routes operates at a significant deficit that results in the inability to recover the carrying amounts of the dedicated assets. The five bus routes would be an appropriate level at which to group assets to test for and measure impairment because the entity does not have the option to curtail any one bus route.
","snippet":"This Example illustrates the need for judgment in grouping assets for impairment, as discussed in paragraphs 360-10-35-23 through 35-25. In this Example, an entity operates a bus entity that provides service under contra…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d83a171dcd373a7caafa4d673cb65257cfdac31d9bcf17251c68cf6d7efdd638","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-37","para":"55-37","html":"
This Example illustrates the classification as held for sale of a long-lived asset (disposal group) in accordance with paragraph 360-10-45-9(b).
","snippet":"This Example illustrates the classification as held for sale of a long-lived asset (disposal group) in accordance with paragraph 360-10-45-9(b).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:643edd397703d96f0d8401fde83fe9957f898410819294bcebf46d648506e8e5","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-38","para":"55-38","html":"
An entity commits to a plan to sell its headquarters building and has initiated actions to locate a buyer. The following illustrate situations in which the criterion in paragraph 360-10-45-9(b) would or would not be met:
  1. a
    The entity intends to transfer the building to a buyer after it vacates the building. The time necessary to vacate the building is usual and customary for sales of such assets. The criterion in paragraph 360-10-45-9(b) would be met at the plan commitment date.
  2. b
    The entity will continue to use the building until construction of a new headquarters building is completed. The entity does not intend to transfer the existing building to a buyer until after construction of the new building is completed (and it vacates the existing building). The delay in the timing of the transfer of the existing building imposed by the entity (seller) demonstrates that the building is not available for immediate sale. The criterion in paragraph 360-10-45-9(b) would not be met until construction of the new building is completed, even if a firm purchase commitment for the future transfer of the existing building is obtained earlier.
","snippet":"An entity commits to a plan to sell its headquarters building and has initiated actions to locate a buyer. The following illustrate situations in which the criterion in paragraph 360-10-45-9(b) would or would not be met:…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eee53dd330310874c7ff326cf03a9d753b7241cdf9b9c284f85e6c374fff4fa3","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-39","para":"55-39","html":"
This Example illustrates the classification as held for sale of a long-lived asset (disposal group) in accordance with paragraph 360-10-45-9(b).
","snippet":"This Example illustrates the classification as held for sale of a long-lived asset (disposal group) in accordance with paragraph 360-10-45-9(b).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb83ae21b8ee83f0b833e34f8c9e0df4c915a7053a401236ce738c069f74e408","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-40","para":"55-40","html":"
An entity commits to a plan to sell a manufacturing facility and has initiated actions to locate a buyer. At the plan commitment date, there is a backlog of uncompleted customer orders. The following illustrate situations in which the criterion in paragraph 360-10-45-9(b) would or would not be met:
  1. a
    The entity intends to sell the manufacturing facility with its operations. Any uncompleted customer orders at the sale date would transfer to the buyer. The transfer of uncompleted customer orders at the sale date will not affect the timing of the transfer of the facility. The criterion in paragraph 360-10-45-9(b) would be met at the plan commitment date.
  2. b
    The entity intends to sell the manufacturing facility, but without its operations. The entity does not intend to transfer the facility to a buyer until after it ceases all operations of the facility and eliminates the backlog of uncompleted customer orders. The delay in the timing of the transfer of the facility imposed by the entity (seller) demonstrates that the facility is not available for immediate sale. The criterion in paragraph 360-10-45-9(b) would not be met until the operations of the facility cease, even if a firm purchase commitment for the future transfer of the facility is obtained earlier.
","snippet":"An entity commits to a plan to sell a manufacturing facility and has initiated actions to locate a buyer. At the plan commitment date, there is a backlog of uncompleted customer orders. The following illustrate situation…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:138a3023f21330f0481e31c1c91b0f853d421fb6084a22d2bade6346953e4648","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-41","para":"55-41","html":"
This Example illustrates the classification as held for sale of a long-lived asset (disposal group) in accordance with paragraph 360-10-45-9(b).
","snippet":"This Example illustrates the classification as held for sale of a long-lived asset (disposal group) in accordance with paragraph 360-10-45-9(b).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cddf779057d1bd419c994167022332da688600236dd0053b8f29b66e0f08d3c3","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-42","para":"55-42","html":"
An entity acquires through foreclosure a real estate property that it intends to sell. The following illustrate situations in which the criterion in paragraph 360-10-45-9(b) would not be met:
  1. a
    The entity does not intend to transfer the property to a buyer until after it completes renovations to increase its sales value. The delay in the timing of the transfer of the property imposed by the entity (seller) demonstrates that the property is not available for immediate sale. The criterion in paragraph 360-10-45-9(b) would not be met until the renovations are completed.
  2. b
    After the renovations are completed and the property is classified as held for sale but before a firm purchase commitment is obtained, the entity becomes aware of environmental damage requiring remediation. The entity still intends to sell the property. However, the entity does not have the ability to transfer the property to a buyer until after the remediation is completed. The delay in the timing of the transfer of the property imposed by others before a firm purchase commitment is obtained demonstrates that the property is not available for immediate sale. The criterion in paragraph 360-10-45-9(b) would not continue to be met. The property would be reclassified as held and used in accordance with paragraph 360-10-45-7.
","snippet":"An entity acquires through foreclosure a real estate property that it intends to sell. The following illustrate situations in which the criterion in paragraph 360-10-45-9(b) would not be met:\n(a) The entity does not inte…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8682bd3a616fe954ab16c27cad7ca80781f2189c285bc8dff434d7f5a2daf010","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-43","para":"55-43","html":"
This Example illustrates the classification as held for sale of a long-lived asset (disposal group) in accordance with the criterion in paragraph 360-10-45-9(d). The following illustrates situations in which that criterion would not be met:
  1. a
    An entity that is a commercial leasing and finance company is holding for sale or lease equipment that has recently come off lease and the ultimate form of a future transaction (sale or lease) has not yet been determined.
  2. b
    An entity commits to a plan to sell an asset that is in use and lease back that asset; however, the transfer of the asset will not be accounted for as a sale and leaseback transaction because the buyer-lessor does not obtain control of the asset based on the guidance in paragraphs
    842-40-25-1 through 25-3
    .     The asset would continue to be classified as held and used following the appropriate guidance in Sections 360-10-35, 360-10-45, and 360-10-50.
","snippet":"This Example illustrates the classification as held for sale of a long-lived asset (disposal group) in accordance with the criterion in paragraph 360-10-45-9(d). The following illustrates situations in which that criteri…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf0a90f77e6c7a91ed00f610d3a6e4f1b3231a1ce40ca53b5a003911b0ebc05f","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-44","para":"55-44","html":"
This Example illustrates an exception to the one-year requirement in paragraph 360-10-45-9(d) to complete the sale of a long-lived asset (disposal group) (see paragraph 360-10-45-11). The following illustrates situations in which the conditions for an exception to the criterion in paragraph 360-10-45-9(d) would be met.
","snippet":"This Example illustrates an exception to the one-year requirement in paragraph 360-10-45-9(d) to complete the sale of a long-lived asset (disposal group) (see paragraph 360-10-45-11). The following illustrates situations…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:daf13827359ed5371441917743be22e20d4388181e4c71f477fc66c666f0bd4a","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-45","para":"55-45","html":"
An entity in the utility industry commits to a plan to sell a disposal group that represents a significant portion of its regulated operations. The sale will require regulatory approval, which could extend the period required to complete the sale beyond one year. Actions necessary to obtain that approval cannot be initiated until after a buyer is known and a firm purchase commitment is obtained. However, a firm purchase commitment is probable within one year. In that situation, the conditions in paragraph 360-10-45-11(a) for an exception to the one-year requirement in paragraph 360-10-45-9(d) would be met.
","snippet":"An entity in the utility industry commits to a plan to sell a disposal group that represents a significant portion of its regulated operations. The sale will require regulatory approval, which could extend the period req…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:131bc251a05a9207b08c5e0cac35e31babbf0984065c7dc9db292fdd0dce75d3","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-46","para":"55-46","html":"
This Example illustrates an exception to the one-year requirement in paragraph 360-10-45-9(d) to complete the sale of a long-lived asset (disposal group) (see paragraph 360-10-45-11). The following illustrates a situation in which the conditions for an exception to the criterion in paragraph 360-10-45-9(d) would be met.
","snippet":"This Example illustrates an exception to the one-year requirement in paragraph 360-10-45-9(d) to complete the sale of a long-lived asset (disposal group) (see paragraph 360-10-45-11). The following illustrates a situatio…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:52758d8397a4e98ac4ed54475bd8797e76be934ea931e8b30cad9b10a3643f57","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-47","para":"55-47","html":"
An entity commits to a plan to sell a manufacturing facility in its present condition and classifies the facility as held for sale at that date. After a firm purchase commitment is obtained, the buyer's inspection of the property identifies environmental damage not previously known to exist. The entity is required by the buyer to remediate the damage, which will extend the period required to complete the sale beyond one year. However, the entity has initiated actions to remediate the damage, and satisfactory remediation of the damage is probable. In that situation, the conditions in paragraph 360-10-45-11(b) for an exception to the one-year requirement in paragraph 360-10-45-9(d) would be met.
","snippet":"An entity commits to a plan to sell a manufacturing facility in its present condition and classifies the facility as held for sale at that date. After a firm purchase commitment is obtained, the buyer's inspection of the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d176610d14ddc884e2f75ed9392545f3e64a4016511d744804e4e583bd37b024","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-48","para":"55-48","html":"
This Example illustrates an exception to the one-year requirement in paragraph 360-10-45-9(d) to complete the sale of a long-lived asset (disposal group) (see paragraph 360-10-45-11).
","snippet":"This Example illustrates an exception to the one-year requirement in paragraph 360-10-45-9(d) to complete the sale of a long-lived asset (disposal group) (see paragraph 360-10-45-11).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:46a6bb1a7aae13b4d8dfae6e51f2ae7e130afb4dceebb473976efafc01ba8294","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-49","para":"55-49","html":"
An entity commits to a plan to sell a long-lived asset and classifies the asset as held for sale at that date. The following illustrates situations in which the conditions for an exception to the criterion in paragraph 360-10-45-9(d) would or would not be met:
  1. a
    During the initial one-year period, the market conditions that existed at the date the asset was classified initially as held for sale deteriorate and, as a result, the asset is not sold by the end of that period. During that period, the entity actively solicited but did not receive any reasonable offers to purchase the asset and, in response, reduced the price. The asset continues to be actively marketed at a price that is reasonable given the change in market conditions, and the criteria in paragraph 360-10-45-9 are met. In that situation, the conditions in paragraph 360-10-45-11(c) for an exception to the one-year requirement in paragraph 360-10-45-9(d) would be met. At the end of the initial one-year period, the asset would continue to be classified as held for sale.
  2. b
    During the following one-year period, market conditions deteriorate further, and the asset is not sold by the end of that period. The entity believes that the market conditions will improve and has not further reduced the price of the asset. The asset continues to be held for sale, but at a price in excess of its current fair value. In that situation, the absence of a price reduction demonstrates that the asset is not available for immediate sale as required by the criterion in paragraph 360-10-45-9(b). In addition, the criterion in paragraph 360-10-45-9(e) requires that an asset be marketed at a price that is reasonable in relation to its current fair value. Therefore, the conditions in paragraph 360-10-45-11(c) for an exception to the one-year requirement in paragraph 360-10-45-9(d) would not be met. The asset would be reclassified as held and used in accordance with paragraph 360-10-35-44.
","snippet":"An entity commits to a plan to sell a long-lived asset and classifies the asset as held for sale at that date. The following illustrates situations in which the conditions for an exception to the criterion in paragraph 3…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64f4f2d96eee7fd5c88e83e40ba7af1923094a6b257ee7c8b17f3a48b11b84f7","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-50","para":"55-50","html":"
Offshore Industries is a manufacturer of offshore drilling rigs and platforms. The entity's manufacturing process requires significant specialized equipment, which it currently owns. As a result of a decline in the price of oil, the demand for its products and services has fallen dramatically in the past two years, resulting in a significant underutilization of its manufacturing capacity.
","snippet":"Offshore Industries is a manufacturer of offshore drilling rigs and platforms. The entity's manufacturing process requires significant specialized equipment, which it currently owns. As a result of a decline in the price…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fbd21dcc0790715e49bf82da5f6284e7e3bc3c1a9da3351516d517df9539eca9","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-51","para":"55-51","html":"
The entity depreciates its investments in specialized equipment based on its original estimate of the remaining useful lives of the equipment using the units-of-production method, since it believes that the exhaustion of usefulness of these specialized assets relates more to their use than to the passage of time. The entity reevaluates these estimates in light of current conditions in accordance with generally accepted accounting principles (GAAP). The entity also monitors the policies of its major competitors and is aware that several have reported large write-downs of similar assets. Nevertheless, while the entity believes that it is at least reasonably possible that its estimate that it will recover the carrying amount of those assets from future operations will change during the next year, it believes it is more likely that conditions in the industry will improve and that no write-down for impairment will be necessary.
","snippet":"The entity depreciates its investments in specialized equipment based on its original estimate of the remaining useful lives of the equipment using the units-of-production method, since it believes that the exhaustion of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:917f0a7545b2391a5d356d1b34ec6deb0bafb8a8184eb8e4d11fe1cfa9bc9d60","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-52","para":"55-52","html":"
The entity would make the following disclosure:
","snippet":"The entity would make the following disclosure:\nOffshore's policy is to depreciate specialized manufacturing equipment (with a net book value of $25 million at December 31, 19X7) over its remaining useful life using the …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:039dadcfadaea90b1eb5c9a68cb3814cc44c6b7994044eca1b6ee1fc9a5203b7","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-53","para":"55-53","html":"
Regarding the preceding illustrative disclosure, if the information in the first sentence is already disclosed elsewhere in the notes, it need not be repeated. Also, the bracketed material in the second sentence represents an example of voluntary disclosure that is encouraged by paragraph 275-10-50-9.
","snippet":"Regarding the preceding illustrative disclosure, if the information in the first sentence is already disclosed elsewhere in the notes, it need not be repeated. Also, the bracketed material in the second sentence represen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5932c1ac57f73013d362dd12c12d19c8c6834eb5847bbb26400c7a47d019538c","downloaded_from":"2026-09-10T00:06:07.246Z","last_downloaded_at":"2026-09-10T00:06:07.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482072","source_sha256":"563f6e5a4a9a15f476338eaca349489441671e773995d533f7ea5237c62157bf"}},{"citation":"360-10-55-54","para":"55-54","html":"
In this Example, the entity acknowledges that the carrying amount of the specialized assets is subject to significant uncertainty based on current conditions. The uncertainty relates to the measurement of the specialized assets at the date of the financial statements, and the entity's disclosure makes clear that it is at least reasonably possible that the carrying amount will change in the near term.
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For a discussion of the appropriate accounting affecting property, plant, and equipment by a real estate investment trust for operating support from its adviser, see paragraph 974-720-25-2.
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The following table identifies the changes made to this Subtopic.
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","snippet":"The following is the text of SAB Topic 5.B, Gain or Loss from Disposition of Equipment.\nFacts: Company A has adopted the policy of treating gains and losses from disposition of revenue producing equipment as adjustments …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69c0c77adefdad694e352061526d0c4bafcc56a03bf3a70e6f3c52ef351b3882","downloaded_from":"2026-09-10T00:06:33.252Z","last_downloaded_at":"2026-09-10T00:06:33.252Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480091","source_sha256":"a66efb5f2538aad6d6613bdce2e0ab7c215b9daac653c1a8e1bb5a9f22de50b9"}},{"citation":"360-10-S99-2","para":"S99-2","html":"
The following is the text of SAB Topic 5.CC, Impairments.
","snippet":"The following is the text of SAB Topic 5.CC, Impairments.\nStandards for recognizing and measuring impairment of the carrying amount of long-lived assets including certain identifiable intangibles to be held and used in o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:135b6a5626991e5b8ed3eb86a231e4509f66592a245939e5a3c513ad2ccc9a57","downloaded_from":"2026-09-10T00:06:33.252Z","last_downloaded_at":"2026-09-10T00:06:33.252Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480091","source_sha256":"a66efb5f2538aad6d6613bdce2e0ab7c215b9daac653c1a8e1bb5a9f22de50b9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b7b9ce3330e22b3368719180ba2521580be3cffdda5d2d97dc122404eafd4e41","downloaded_from":"2026-09-10T00:06:33.252Z","last_downloaded_at":"2026-09-10T00:06:33.252Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480091","source_sha256":"a66efb5f2538aad6d6613bdce2e0ab7c215b9daac653c1a8e1bb5a9f22de50b9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59329e2bab1c576f7631175b63964a4f906ed90d3a83559c4373acc0b13096af","downloaded_from":"2026-09-10T00:06:33.252Z","last_downloaded_at":"2026-09-10T00:06:33.252Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480091","source_sha256":"a66efb5f2538aad6d6613bdce2e0ab7c215b9daac653c1a8e1bb5a9f22de50b9"}}],"enrichment":{"summary":"ASC 360-10 governs the accounting for property, plant, and equipment and, in separate \"Impairment or Disposal of Long-Lived Assets\" Subsections, the impairment testing of long-lived assets held and used and the measurement, presentation, and disclosure of long-lived assets to be disposed of. Cost (including capitalized interest) is allocated to periods through systematic and rational depreciation (360-10-35-4). A held-and-used asset group is written down only if its carrying amount fails an undiscounted cash flow recoverability test, and then only down to fair value (360-10-35-17); held-for-sale assets are measured at the lower of carrying amount or fair value less cost to sell and are not depreciated (360-10-35-43).","key_points":["Depreciation is a systematic and rational allocation of cost less salvage over the asset's estimated useful life—a process of allocation, not valuation (360-10-35-3 through 35-4); annuity methods are unacceptable and tax ACRS lives may not be used unless within a reasonable range of useful life (360-10-35-9, 35-10).","A held-and-used long-lived asset (asset group) is tested for recoverability only when events or changes in circumstances indicate the carrying amount may not be recoverable (the six indicators in 360-10-35-21); the two-step test compares carrying amount to undiscounted expected future cash flows, and an impairment loss is measured as carrying amount less fair value (360-10-35-17).","Assets are grouped at the lowest level for which identifiable cash flows are largely independent of other assets and liabilities (360-10-35-23); the impairment loss reduces only long-lived assets, allocated pro rata on relative carrying amounts but not below an individually determinable fair value (360-10-35-28).","The adjusted carrying amount after impairment becomes the new cost basis, depreciated over the remaining useful life, and restoration of a previously recognized impairment loss is prohibited (360-10-35-20).","Cash flow estimates cover the remaining useful life of the primary asset of the group (which cannot be land or a nonamortized intangible), exclude interest charges, include expenditures maintaining existing service potential, and exclude capital expenditures that increase service potential (360-10-35-29, 35-31 through 35-34).","All six criteria in 360-10-45-9 (management commitment, available for immediate sale, active program to locate a buyer, sale probable within one year, active marketing at a reasonable price, unlikely plan changes) must be met for held-for-sale classification; such assets are measured at the lower of carrying amount or fair value less cost to sell, are not depreciated, and subsequent gains are limited to cumulative losses previously recognized (360-10-35-40, 35-43).","Assets to be disposed of other than by sale (abandonment, exchange at recorded amount, spinoff) remain classified as held and used until disposed of (360-10-45-15), and disclosures about impairments (360-10-50-2) and disposals, including individually significant components (360-10-50-3, 50-3A), are required."],"categories":["Impairment","Subsequent measurement","Inventory and PP&E","Presentation"],"audience_level":"intermediate","student_note":"This is the workhorse impairment model for tangible long-lived assets and a classic exam trap: candidates often forget that step one uses UNDISCOUNTED cash flows (so no loss is recorded if they exceed carrying amount, even if fair value is far lower), that the loss is measured against fair value, and that impairments here can never be reversed—unlike the held-for-sale model, where subsequent recoveries can be recognized up to cumulative losses previously recognized.","related_topics":["205-20","350-20","410-20","610-20","842-20","835-20"],"key_concepts":["long-lived asset","asset group","recoverability test","undiscounted future cash flows","held for sale classification","fair value less cost to sell","primary asset","depreciation method"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5ee10114a96243a679590f26bd500a1c0fd13b8e4298913cd54e3487867ec93","downloaded_from":"2026-09-10T00:05:35.818Z","last_downloaded_at":"2026-09-10T00:06:33.252Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"205-20","title":"Discontinued Operations","topic_title":"Presentation of Financial Statements","score":0.7626,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cae8acc2e9058cd75d7560bad6ed9560c4fa2f937a5c91805e84892dab1fc05c","downloaded_from":"2026-09-09T22:52:47.473Z","last_downloaded_at":"2026-09-09T22:53:32.088Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"350-30","title":"General Intangibles Other Than Goodwill","topic_title":"Intangibles—Goodwill and Other","score":0.7607,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:290d85c79360acb7e25d52e52af32dceb1ace7133d040d08717af9b4daf30c80","downloaded_from":"2026-09-10T00:01:33.372Z","last_downloaded_at":"2026-09-10T00:02:11.627Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"860-20","title":"Sales of Financial Assets","topic_title":"Transfers and Servicing","score":0.7566,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f70a0360746a37c72b4d04c50fdec34eecaf62da8b609137be5b6d8519e23c10","downloaded_from":"2026-09-10T02:06:13.207Z","last_downloaded_at":"2026-09-10T02:06:48.464Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"310-10","title":"Overall","topic_title":"Receivables","score":0.7467,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7c53f1bc2cd8a7b08fa1186eb609d8f8cecaf76a7900a05a301c01ca1e773863","downloaded_from":"2026-09-09T23:24:42.337Z","last_downloaded_at":"2026-09-09T23:25:40.463Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"610-20","title":"Gains and Losses from the Derecognition of Nonfinancial Assets","topic_title":"Other Income","score":0.745,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:93778484df27dac4b0f533d7a5261c6f68c6526a5a08075cb1279658e632c17d","downloaded_from":"2026-09-10T00:54:49.448Z","last_downloaded_at":"2026-09-10T00:55:14.020Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"410-20","title":"Asset Retirement Obligations","topic_title":"Asset Retirement and Environmental Obligations","score":0.7445,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7cfc8f220fe75aac1585181ab936857c43a206f0ba6929d78bd594c7bbf2a036","downloaded_from":"2026-09-10T00:20:40.400Z","last_downloaded_at":"2026-09-10T00:21:17.061Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"350-985","title":"Software","topic_title":"Intangibles—Goodwill and Other","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ba1e5a49524bb704c41df9964d96eea376be26def9e5fdc55a4824f663d265e","downloaded_from":"2026-09-10T00:05:21.279Z","last_downloaded_at":"2026-09-10T00:05:31.733Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"360-20","title":"Real Estate Sales","topic_title":"Property, Plant, and Equipment","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2804889fee0ea927946b93ee370e7c3fcf86dbf19d436579b593c0cd40b83fbd","downloaded_from":"2026-09-10T00:06:36.995Z","last_downloaded_at":"2026-09-10T00:07:04.384Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c33572ca646cef8fa463788cb6b58bb4ca0728a662a995ce6524bb2a934cb465","downloaded_from":"2026-09-10T00:05:35.818Z","last_downloaded_at":"2026-09-10T00:06:33.252Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-20","topic":"360","title":"Real Estate Sales","area":"Assets","paragraphs":160,"summary":"ASC 360-20 formerly contained the specialized U.S. GAAP for recognizing profit on sales of real estate (the old FASB Statement No. 66 model with full accrual, installment, cost recovery, deposit, and percentage-of-completion methods, plus sale-leaseback and continuing-involvement rules). Every paragraph in the subtopic has been superseded — mostly by ASU 2014-09 (Revenue from Contracts with Customers) and ASU 2016-02 (Leases). Sales of real estate are now accounted for under ASC 606 if the counterparty is a customer, or under ASC 610-20 for sales of nonfinancial assets to noncustomers, with sale-leaseback transactions governed by ASC 842-40.","concepts":["superseded guidance","real estate sales","profit recognition","in-substance real estate","sale-leaseback","continuing involvement","derecognition of nonfinancial assets","transition period"],"categories":["Derecognition","Revenue","Leases","Transition and effective dates"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-20-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Conduit Debt SecuritiesSupersededAccounting Standards Update No. 2016-0202/25/2016
Conduit Debt SecurityAddedMaintenance Update 2014-20 (PDF)09/29/2014
Cost Recovery MethodSupersededAccounting Standards Update No. 2016-0202/25/2016
Deposit MethodSupersededAccounting Standards Update No. 2016-0202/25/2016
Fair Value (2nd def.)SupersededAccounting Standards Update No. 2016-0202/25/2016
Fair Value (3rd def.)AddedAccounting Standards Update No. 2012-0410/01/2012
Installment MethodSupersededAccounting Standards Update No. 2016-0202/25/2016
Integral EquipmentSupersededAccounting Standards Update No. 2016-0202/25/2016
Market ParticipantsSupersededAccounting Standards Update No. 2016-0202/25/2016
Nonpublic Entity (1st def.)SupersededAccounting Standards Update No. 2016-0202/25/2016
Nonpublic Entity (1st def.)AmendedMaintenance Update 2014-20 (PDF)09/29/2014
Orderly TransactionSupersededAccounting Standards Update No. 2016-0202/25/2016
Reduced-Profit MethodSupersededAccounting Standards Update No. 2016-0202/25/2016
Related PartiesSupersededAccounting Standards Update No. 2016-0202/25/2016
Sale-Leaseback AccountingSupersededAccounting Standards Update No. 2016-0202/25/2016
Sale-Leaseback AccountingAddedAccounting Standards Update No. 2014-0905/28/2014
360-10-05-1SupersededAccounting Standards Update No. 2016-0202/25/2016
360-20-05-1AmendedAccounting Standards Update No. 2014-0905/28/2014
360-10-05-2SupersededAccounting Standards Update No. 2016-0202/25/2016
360-10-15-1 through 15-6
SupersededAccounting Standards Update No. 2016-0202/25/2016
360-20-15-1 through 15-3
AmendedAccounting Standards Update No. 2014-0905/28/2014
360-20-15-3AmendedAccounting Standards Update No. 2011-1012/14/2011
360-20-15-4AmendedAccounting Standards Update No. 2012-0410/01/2012
360-20-15-5AmendedAccounting Standards Update No. 2012-0410/01/2012
360-20-15-7AmendedAccounting Standards Update No. 2012-0410/01/2012
360-20-15-8AmendedAccounting Standards Update No. 2012-0410/01/2012
360-20-15-10AmendedAccounting Standards Update No. 2016-0101/05/2016
360-20-40-1 through 40-64
SupersededAccounting Standards Update No. 2016-0202/25/2016
360-20-55-1 through 55-10
SupersededAccounting Standards Update No. 2016-0202/25/2016
360-20-55-2AmendedMaintenance Update 2016-17 (PDF)09/02/2016
360-20-55-3AmendedAccounting Standards Update No. 2016-1912/14/2016
360-20-55-10AmendedMaintenance Update 2016-11 (PDF)06/27/2016
360-20-55-10AmendedAccounting Standards Update No. 2014-0905/28/2014
360-20-55-11SupersededAccounting Standards Update No. 2014-0905/28/2014
360-20-55-12 through 55-17
SupersededAccounting Standards Update No. 2016-0202/25/2016
360-20-55-18SupersededAccounting Standards Update No. 2014-0905/28/2014
360-20-55-19 through 55-67
SupersededAccounting Standards Update No. 2016-0202/25/2016
360-20-55-21AmendedAccounting Standards Update No. 2014-0905/28/2014
360-20-55-68 through 55-77
SupersededAccounting Standards Update No. 2014-0905/28/2014
360-20-55-68 through 55-77
AddedAccounting Standards Update No. 2011-1012/14/2011
360-20-60-1 through 60-3
SupersededAccounting Standards Update No. 2016-0202/25/2016
360-20-65-2AddedAccounting Standards Update No. 2011-1012/14/2011
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The core rule is that development costs (permanent and limited-life land development, cultural costs of trees and vines, and direct and indirect costs of developing animals) are capitalized during the development period; permanent land development is never depreciated because it has an indefinite life, while limited-life development, plantings, and mature breeding/production animals are depreciated over estimated useful or productive lives beginning when commercial production or maturity is reached.","concepts":["development period costs","permanent land development","limited-life land development","intermediate-life plants","breeding and production animals","commercial production threshold","net realizable value for animals held for sale","salvage value and depreciable base"],"categories":["Inventory and PP&E","Industry-specific","Subsequent measurement","Initial measurement"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-905-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Land Development CostsAddedAccounting Standards Update No. 2014-0603/14/2014
Land Improvement CostsSupersededAccounting Standards Update No. 2014-0603/14/2014
Limited Life Land Development CostsAmendedAccounting Standards Update No. 2014-0603/14/2014
Permanent Land Development CostsAmendedAccounting Standards Update No. 2014-0603/14/2014
Net Realizable ValueAddedAccounting Standards Update No. 2015-1107/22/2015
905-360-30-1AmendedAccounting Standards Update No. 2015-1107/22/2015
905-360-30-2AmendedAccounting Standards Update No. 2015-1107/22/2015
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This Subtopic addresses accounting for property, plant, and equipment for entities in the agricultural industry.
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Development costs of land, trees and vines, intermediate-life plants, and animals incurred by agricultural producers are different from inventoriable costs incurred in raising crops for harvest (see Subtopic 905-330).
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Land development generally includes improvements to bring the land into a suitable condition for general agricultural use and to maintain its productive condition. Some improvements are permanent; some have a limited life. Permanent land developments include, for example, clearing, initial leveling, terracing, and construction of earthen dams; they involve changes to the grade and contour of the ground and generally have an indefinite life if they are properly maintained. Limited-life developments usually include such items as water distribution systems and fencing and may also include the costs of wells, levees, ponds, drain tile, and ditches, depending on the climate, topography, soil conditions, and farming practices in the area.
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Orchards, vineyards, and groves generally develop over several years before they reach commercial production. Production continues for varying numbers of years, depending on such influences as type of plant, soil, and climate. During development, the plants normally require grafting, pruning, spraying, cultivation, or other care.
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Intermediate-life plants include, for example, artichokes, various types of berries, asparagus, alfalfa, and grazing grasses. Development costs of intermediate-life plants include the cost of land preparation, plants, and cultural care until the plant, bush, or vine begins to produce in commercial quantities.
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The terms livestock and animals are used interchangeably and are meant to include cattle, sheep, hogs, horses, poultry, and other small animals. The development of animals requires care and maintenance of the breeding stock and their progeny until their transfer from the brood herd. Animals purchased before maturity also require care and maintenance to ready them for productive use or sale. The animals are ultimately identified for transfer to breeding herds, dairy herds, or other productive functions, are selected for sale, or are transferred to a feeding or other marketing operation.
","snippet":"The terms livestock and animals are used interchangeably and are meant to include cattle, sheep, hogs, horses, poultry, and other small animals. The development of animals requires care and maintenance of the breeding st…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c62bbe688b592253ace93f492559850c9ebc0871311cb203a0e05b3e1938aa3","downloaded_from":"2026-09-10T00:07:10.548Z","last_downloaded_at":"2026-09-10T00:07:10.548Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478596","source_sha256":"7d8cc2cbe16a87950382e3d5d3e5a51e0c286f22889bf5ee32b7282d846b61cd"}},{"citation":"360-905-05-7","para":"05-7","html":"
In some agricultural operations a field or row crop is raised for use in the development of another product, such as grain or hay used by the producer to feed livestock.
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See also Section 905-10-05 for further background.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see the General Subsection of Section 905-10-15.
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Permanent land development costs shall be capitalized.
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Trees and vines may be planted and brought to production by the producer or on a contract basis. The young trees and vines are usually purchased as nursery stock and transplanted into the orchard or vineyard in the desired pattern. Cultural costs during the development period, including stakes and wires, grafting, and labor for pruning and forming, shall be capitalized. Net proceeds from sales of products before commercial production begins shall be applied to the capitalized cost of the plants, trees, or vines.
","snippet":"Trees and vines may be planted and brought to production by the producer or on a contract basis. The young trees and vines are usually purchased as nursery stock and transplanted into the orchard or vineyard in the desir…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb3427dff550e97f7df989ccca1ea2285effc9c7d1230c4fced29de64d54b274","downloaded_from":"2026-09-10T00:07:17.458Z","last_downloaded_at":"2026-09-10T00:07:17.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478704","source_sha256":"94ffdece0185e2f6c03158061861fb7e35e03ff9195c242525218598372fd91d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c743f6525c058e0df592926ab6b5b441c3064cbd1b469df58b8528722d50b33","downloaded_from":"2026-09-10T00:07:17.458Z","last_downloaded_at":"2026-09-10T00:07:17.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478704","source_sha256":"94ffdece0185e2f6c03158061861fb7e35e03ff9195c242525218598372fd91d"}},{"block":null,"heading":"Development Costs of Land, Orchards, Groves, Vineyards, and Intermediate-Life Plants","paragraphs":[{"citation":"360-905-25-3","para":"25-3","html":"
Limited-life land development costs and direct and indirect development costs of orchards, groves, vineyards, and intermediate-life plants shall be capitalized during the development period.
","snippet":"Limited-life land development costs and direct and indirect development costs of orchards, groves, vineyards, and intermediate-life plants shall be capitalized during the development period.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0890bd3acb51191a61a06cfd866b691c5d125b98e08752981540d2cbc687637a","downloaded_from":"2026-09-10T00:07:17.458Z","last_downloaded_at":"2026-09-10T00:07:17.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478704","source_sha256":"94ffdece0185e2f6c03158061861fb7e35e03ff9195c242525218598372fd91d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e5100a56eff283faae3f2ff227ea160cf5354aea972ff40d93f982f5ddce85b1","downloaded_from":"2026-09-10T00:07:17.458Z","last_downloaded_at":"2026-09-10T00:07:17.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478704","source_sha256":"94ffdece0185e2f6c03158061861fb7e35e03ff9195c242525218598372fd91d"}},{"block":null,"heading":"Breeding and Production Animals","paragraphs":[{"citation":"360-905-25-4","para":"25-4","html":"
Except for animals with short productive lives classified as inventory under paragraph 905-330-25-3all of the following shall be recognized as fixed assets:
  1. a
    Breeding animals
  2. b
    All livestock (which includes cattle, hogs, sheep, and goats)
  3. c
    Production animals.
","snippet":"Except for animals with short productive lives classified as inventory under paragraph 905-330-25-3all of the following shall be recognized as fixed assets:\n(a) Breeding animals\n(b) All livestock (which includes cattle, …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c48454dea0f92551fa848ac371e239c611bd313aaf3829b58a0272a8b2460a62","downloaded_from":"2026-09-10T00:07:17.458Z","last_downloaded_at":"2026-09-10T00:07:17.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478704","source_sha256":"94ffdece0185e2f6c03158061861fb7e35e03ff9195c242525218598372fd91d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59e36257e0844893a78abeac78ab675b86f7725d88c2b40df49f55b38911809a","downloaded_from":"2026-09-10T00:07:17.458Z","last_downloaded_at":"2026-09-10T00:07:17.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478704","source_sha256":"94ffdece0185e2f6c03158061861fb7e35e03ff9195c242525218598372fd91d"}},{"block":null,"heading":"Field or Row Crops","paragraphs":[{"citation":"360-905-25-5","para":"25-5","html":"
The costs involved in the production of the field or row crops for the producer's own use shall be identified as part of the maintenance costs of the livestock and accounted for in the same manner as other maintenance costs.
","snippet":"The costs involved in the production of the field or row crops for the producer's own use shall be identified as part of the maintenance costs of the livestock and accounted for in the same manner as other maintenance co…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:122c932ddfa2827c6adebcabf1ffa41e916a16ca623aa8a44d52950d8930cf8f","downloaded_from":"2026-09-10T00:07:17.458Z","last_downloaded_at":"2026-09-10T00:07:17.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478704","source_sha256":"94ffdece0185e2f6c03158061861fb7e35e03ff9195c242525218598372fd91d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6cf6803023662620c3d71aa1c4c179c88eadacaceb70a25a0d0e14397b6c119c","downloaded_from":"2026-09-10T00:07:17.458Z","last_downloaded_at":"2026-09-10T00:07:17.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478704","source_sha256":"94ffdece0185e2f6c03158061861fb7e35e03ff9195c242525218598372fd91d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f0cf6904b2f890b87049e2dec52d163d5f733f4ad0ffe4852b71491d6287a5d","downloaded_from":"2026-09-10T00:07:17.458Z","last_downloaded_at":"2026-09-10T00:07:17.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478704","source_sha256":"94ffdece0185e2f6c03158061861fb7e35e03ff9195c242525218598372fd91d"}},{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":"Developing Animals","paragraphs":[{"citation":"360-905-30-1","para":"30-1","html":"
All direct and indirect costs of developing animals shall be accumulated until the animals reach maturity and are transferred to a productive function. All direct and indirect development costs of animals raised for sale shall be accumulated, and the animals shall be accounted for in accordance with the measurement guidance in Subtopic 330-10 until they are available for sale.
","snippet":"All direct and indirect costs of developing animals shall be accumulated until the animals reach maturity and are transferred to a productive function. All direct and indirect development costs of animals raised for sale…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:26c39bc3a383249d53629cd9967a5d5668a8c4d494aaa00114be9bb6107d7857","downloaded_from":"2026-09-10T00:07:19.597Z","last_downloaded_at":"2026-09-10T00:07:19.597Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477957","source_sha256":"32611f7eb234d64413645218173ba166ce484c532e265523c102a137846fea70"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2fa9d0a0ed0e63aadac2a32f83e16662de0536dd145bda62fd99b9d6bcb0131f","downloaded_from":"2026-09-10T00:07:19.597Z","last_downloaded_at":"2026-09-10T00:07:19.597Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477957","source_sha256":"32611f7eb234d64413645218173ba166ce484c532e265523c102a137846fea70"}},{"block":null,"heading":"Animals Available and Held for Sale","paragraphs":[{"citation":"360-905-30-2","para":"30-2","html":"
Agricultural producers shall report animals available and held for sale either:
  1. a
    In accordance with the measurement guidance in Subtopic 330-10
  2. b
    In accordance with established industry practice at net realizable value if all of the following conditions exist:
    1. 1
      There are reliable, readily determinable, and realizable market prices for the animals.
    2. 2
      The costs of disposal are relatively insignificant and predictable.
    3. 3
      The animals are available for immediate delivery.
","snippet":"Agricultural producers shall report animals available and held for sale either:\n(a) In accordance with the measurement guidance in Subtopic 330-10\n(b) In accordance with established industry practice at net realizable va…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d9ba975b58bb0a20234ade8005ea089651dd563bc36f9eb723d551d14080ec5","downloaded_from":"2026-09-10T00:07:19.597Z","last_downloaded_at":"2026-09-10T00:07:19.597Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477957","source_sha256":"32611f7eb234d64413645218173ba166ce484c532e265523c102a137846fea70"}},{"citation":"360-905-30-3","para":"30-3","html":"
The costs of raised or purchased animals kept in grazing areas or open ranges shall be determined in the same manner as for breeding animals.
","snippet":"The costs of raised or purchased animals kept in grazing areas or open ranges shall be determined in the same manner as for breeding animals.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9504c383b27fd3162d382d74a718f52a4c00a54cfb35430b203d54681032146b","downloaded_from":"2026-09-10T00:07:19.597Z","last_downloaded_at":"2026-09-10T00:07:19.597Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477957","source_sha256":"32611f7eb234d64413645218173ba166ce484c532e265523c102a137846fea70"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c9eaa6a18df5d602c5d7ef8cf9f79d8d7b8bce1b26b6ac7f63df57bd00a2ac7","downloaded_from":"2026-09-10T00:07:19.597Z","last_downloaded_at":"2026-09-10T00:07:19.597Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477957","source_sha256":"32611f7eb234d64413645218173ba166ce484c532e265523c102a137846fea70"}},{"block":null,"heading":"Production Animals","paragraphs":[{"citation":"360-905-30-4","para":"30-4","html":"
The production costs of chickens raised for an egg-laying unit shall include the initial cost of the birds (or, if hatched, the costs of eggs and hatching expenses), the costs of materials and labor, and allocated indirect costs during the prematurity period.
","snippet":"The production costs of chickens raised for an egg-laying unit shall include the initial cost of the birds (or, if hatched, the costs of eggs and hatching expenses), the costs of materials and labor, and allocated indire…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cc10eab9f7f1f49dec398c3d822d6ed1d539e568bd5a3e39a7f9d82d27aece73","downloaded_from":"2026-09-10T00:07:19.597Z","last_downloaded_at":"2026-09-10T00:07:19.597Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477957","source_sha256":"32611f7eb234d64413645218173ba166ce484c532e265523c102a137846fea70"}},{"citation":"360-905-30-5","para":"30-5","html":"
Some production animals produce more than one product. For example, sheep produce lambs, wool, and meat; dairy cattle produce milk, calves, and meat. The primary products are lambs and milk, whereas the secondary products are usually wool and calves. Costs may be allocated as either joint products or by-products depending on the estimated relative values of each. In most instances the meat, or slaughter value, of the production animal is considered salvage. The method of accounting shall be determined by the amounts anticipated to be received for each product. Those amounts are affected by the breeding, production, and marketing practices of the producer.
","snippet":"Some production animals produce more than one product. For example, sheep produce lambs, wool, and meat; dairy cattle produce milk, calves, and meat. The primary products are lambs and milk, whereas the secondary product…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:55fbafb89cb4a0f5b6a12ce94bcd99785012b5326c98d7e051e14a2c17b50b26","downloaded_from":"2026-09-10T00:07:19.597Z","last_downloaded_at":"2026-09-10T00:07:19.597Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477957","source_sha256":"32611f7eb234d64413645218173ba166ce484c532e265523c102a137846fea70"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e1d05c981f1cb0531f95104d81140b2719b7d5212c689a8e939bdc9cde72b8d","downloaded_from":"2026-09-10T00:07:19.597Z","last_downloaded_at":"2026-09-10T00:07:19.597Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477957","source_sha256":"32611f7eb234d64413645218173ba166ce484c532e265523c102a137846fea70"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be136bf07b0e462dc727928e2d9e255f04081c3a5ff86f682863eb5cb4d259e2","downloaded_from":"2026-09-10T00:07:19.597Z","last_downloaded_at":"2026-09-10T00:07:19.597Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477957","source_sha256":"32611f7eb234d64413645218173ba166ce484c532e265523c102a137846fea70"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Breeding and Production Animals","paragraphs":[{"citation":"360-905-35-1","para":"35-1","html":"
Fixed assets recognized under paragraph 905-360-25-4 shall be depreciated over their useful lives.
","snippet":"Fixed assets recognized under paragraph 905-360-25-4 shall be depreciated over their useful lives.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ecf0d6af994faa51b35f7a2ce5030fcd2c4a616ff057fabed094f180193dfd76","downloaded_from":"2026-09-10T00:07:21.415Z","last_downloaded_at":"2026-09-10T00:07:21.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479046","source_sha256":"e9dbea01908878ce1202f6561df7f9be67ca595e1ad95495497a58d1a98c2165"}},{"citation":"360-905-35-2","para":"35-2","html":"
At the point that breeding and production animals reach maturity and are transferred to a production function, the accumulated development costs recognized under paragraph 905-360-25-4, less any estimated salvage value, shall be depreciated over the animals' estimated productive lives. Immature animals shall not be considered to be in service until they reach maturity, at which time their accumulated costs recognized under paragraph 905-360-25-4 shall become subject to depreciation.
","snippet":"At the point that breeding and production animals reach maturity and are transferred to a production function, the accumulated development costs recognized under paragraph 905-360-25-4, less any estimated salvage value, …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1015d2a3731d1c107fa2604ff1493f907e95924f22846d24a7b8ab0d2d8cedbd","downloaded_from":"2026-09-10T00:07:21.415Z","last_downloaded_at":"2026-09-10T00:07:21.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479046","source_sha256":"e9dbea01908878ce1202f6561df7f9be67ca595e1ad95495497a58d1a98c2165"}},{"citation":"360-905-35-3","para":"35-3","html":"
The production costs recognized under paragraph 905-360-25-4 of chickens raised for an egg-laying unit, less estimated salvage value of the chickens, shall be amortized over the egg-laying period.
","snippet":"The production costs recognized under paragraph 905-360-25-4 of chickens raised for an egg-laying unit, less estimated salvage value of the chickens, shall be amortized over the egg-laying period.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe1b4a38b8a33af58624c651c89f78bb5ab4a08346e447c752dc58fde859ef5f","downloaded_from":"2026-09-10T00:07:21.415Z","last_downloaded_at":"2026-09-10T00:07:21.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479046","source_sha256":"e9dbea01908878ce1202f6561df7f9be67ca595e1ad95495497a58d1a98c2165"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76bee4b09cfb6f93e5795864c2d0dca979eadff47c2d102e60fe3f4ab947402f","downloaded_from":"2026-09-10T00:07:21.415Z","last_downloaded_at":"2026-09-10T00:07:21.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479046","source_sha256":"e9dbea01908878ce1202f6561df7f9be67ca595e1ad95495497a58d1a98c2165"}},{"block":null,"heading":"Trees and Vines","paragraphs":[{"citation":"360-905-35-4","para":"35-4","html":"
When production in commercial quantities begins, the accumulated costs shall be depreciated over the estimated useful life of the particular orchard, vineyard, or grove.
","snippet":"When production in commercial quantities begins, the accumulated costs shall be depreciated over the estimated useful life of the particular orchard, vineyard, or grove.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:396190249b0d4220d07eb6e824878feb1f34e112470ce96e5775e0a1ac8eaa21","downloaded_from":"2026-09-10T00:07:21.415Z","last_downloaded_at":"2026-09-10T00:07:21.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479046","source_sha256":"e9dbea01908878ce1202f6561df7f9be67ca595e1ad95495497a58d1a98c2165"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fa73fb5cb9fafdf0731a30f9456943399c143340d78bcab8e8ed6d80cfc503e5","downloaded_from":"2026-09-10T00:07:21.415Z","last_downloaded_at":"2026-09-10T00:07:21.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479046","source_sha256":"e9dbea01908878ce1202f6561df7f9be67ca595e1ad95495497a58d1a98c2165"}},{"block":null,"heading":"Intermediate-Life Plants","paragraphs":[{"citation":"360-905-35-5","para":"35-5","html":"
When production in commercial quantities begins for intermediate-life plants, the capitalized costs shall be depreciated over the estimated productive life of the plantings. Regional differences, climate and soil conditions, and cultural practices may affect the productive capacity and life of intermediate-life plants and shall be considered when establishing depreciable lives.
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Permanent land development costs capitalized under paragraph 905-360-25-1 shall not be depreciated or amortized, since they have, by definition, an indefinite useful life.
","snippet":"Permanent land development costs capitalized under paragraph 905-360-25-1 shall not be depreciated or amortized, since they have, by definition, an indefinite useful life.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:62a2beaabeaf9e8b7f8402bd29b5c9dad89bb2eef9ccd39e2a02d31b9c3ae41f","downloaded_from":"2026-09-10T00:07:21.415Z","last_downloaded_at":"2026-09-10T00:07:21.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479046","source_sha256":"e9dbea01908878ce1202f6561df7f9be67ca595e1ad95495497a58d1a98c2165"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2c70097b023cec129740e77fcbc0112569a50b886cefd1666f4947f3b93e7ed2","downloaded_from":"2026-09-10T00:07:21.415Z","last_downloaded_at":"2026-09-10T00:07:21.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479046","source_sha256":"e9dbea01908878ce1202f6561df7f9be67ca595e1ad95495497a58d1a98c2165"}},{"block":null,"heading":"Development Costs for Limited-Life Land Development, Orchards, Groves, Vineyards, and Intermediate-life Plants","paragraphs":[{"citation":"360-905-35-7","para":"35-7","html":"
Costs capitalized during the development period under paragraph 905-360-25-3 shall be depreciated over the estimated useful life of the land development or that of the tree, vine or plant.
","snippet":"Costs capitalized during the development period under paragraph 905-360-25-3 shall be depreciated over the estimated useful life of the land development or that of the tree, vine or plant.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f77b2671253b7397bd7dd3321562cae584e02be1de5ca96351f241b982b05baf","downloaded_from":"2026-09-10T00:07:21.415Z","last_downloaded_at":"2026-09-10T00:07:21.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479046","source_sha256":"e9dbea01908878ce1202f6561df7f9be67ca595e1ad95495497a58d1a98c2165"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:285532990a98e4c3ba46dca7c47dd2f9364c549f45b228f7502ce75bea10532a","downloaded_from":"2026-09-10T00:07:21.415Z","last_downloaded_at":"2026-09-10T00:07:21.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479046","source_sha256":"e9dbea01908878ce1202f6561df7f9be67ca595e1ad95495497a58d1a98c2165"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5c2528f41108b3e90001f77dca300fd3a71259f5931e9886997fd75c12c34fa4","downloaded_from":"2026-09-10T00:07:21.415Z","last_downloaded_at":"2026-09-10T00:07:21.415Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479046","source_sha256":"e9dbea01908878ce1202f6561df7f9be67ca595e1ad95495497a58d1a98c2165"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Intermediate-life Plants","paragraphs":[{"citation":"360-905-50-1","para":"50-1","html":"
Financial statement disclosure of the accumulated costs for intermediate-life plants and estimated useful lives shall be made.
","snippet":"Financial statement disclosure of the accumulated costs for intermediate-life plants and estimated useful lives shall be made.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:78e8f44c720557bc5b321525a248d9cc84983b420b5fa46b51118c23b05a7d6e","downloaded_from":"2026-09-10T00:07:23.088Z","last_downloaded_at":"2026-09-10T00:07:23.088Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479281","source_sha256":"c5aa7bd872e5bb5937115e81cbe15ee913d070d650059daa16e7c6e1086f8703"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d939bff32f632545851705a5d5772439566370e3efe3ccd528d4420580359cb5","downloaded_from":"2026-09-10T00:07:23.088Z","last_downloaded_at":"2026-09-10T00:07:23.088Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479281","source_sha256":"c5aa7bd872e5bb5937115e81cbe15ee913d070d650059daa16e7c6e1086f8703"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d1c9099c400aef38f609a1b262252147f7b44b1ea1805eeb27e5ccbb92314046","downloaded_from":"2026-09-10T00:07:23.088Z","last_downloaded_at":"2026-09-10T00:07:23.088Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479281","source_sha256":"c5aa7bd872e5bb5937115e81cbe15ee913d070d650059daa16e7c6e1086f8703"}}],"enrichment":{"summary":"ASC 360-905 governs how agricultural producers account for property, plant, and equipment — land development, orchards/groves/vineyards, intermediate-life plants, and animals. The core rule is that development costs (permanent and limited-life land development, cultural costs of trees and vines, and direct and indirect costs of developing animals) are capitalized during the development period; permanent land development is never depreciated because it has an indefinite life, while limited-life development, plantings, and mature breeding/production animals are depreciated over estimated useful or productive lives beginning when commercial production or maturity is reached.","key_points":["Permanent land development costs (clearing, initial leveling, terracing, earthen dams) shall be capitalized (360-905-25-1) and shall not be depreciated or amortized because they have an indefinite useful life (360-905-35-6).","Limited-life land development costs and the direct and indirect development costs of orchards, groves, vineyards, and intermediate-life plants shall be capitalized during the development period (360-905-25-3) and depreciated over the useful life of the land development or of the tree, vine, or plant (360-905-35-7).","Cultural costs during the development of trees and vines (stakes and wires, grafting, labor for pruning and forming) are capitalized, and net proceeds from sales of products before commercial production begins are applied against the capitalized cost of the plants, trees, or vines (360-905-25-2).","Breeding animals, all livestock, and production animals are recognized as fixed assets, except animals with short productive lives classified as inventory under 905-330-25-3 (360-905-25-4).","All direct and indirect development costs of animals are accumulated until maturity and transfer to a productive function; immature animals are not considered in service, and upon maturity accumulated costs less estimated salvage value are depreciated over estimated productive lives (360-905-30-1; 360-905-35-2).","Animals available and held for sale are measured under Subtopic 330-10 or, per established industry practice, at net realizable value if there are reliable, readily determinable, realizable market prices, insignificant and predictable disposal costs, and immediate availability for delivery (360-905-30-2).","Depreciation of orchard, vineyard, grove, and intermediate-life plant costs begins when production in commercial quantities begins (360-905-35-4; 360-905-35-5), and accumulated costs and estimated useful lives for intermediate-life plants must be disclosed (360-905-50-1)."],"categories":["Inventory and PP&E","Industry-specific","Subsequent measurement","Initial measurement"],"audience_level":"intermediate","student_note":"The exam trap is the line between capitalized development costs (PP&E under 360-905) and inventoriable growing-crop costs (905-330), and the fact that permanent land development is capitalized but never depreciated. Also remember depreciation does not start until commercial production or animal maturity, and pre-production sales proceeds reduce the capitalized cost rather than being reported as revenue.","related_topics":["905-330","905-10","330-10","360-10","905-360"],"key_concepts":["development period costs","permanent land development","limited-life land development","intermediate-life plants","breeding and production animals","commercial production threshold","net realizable value for animals held for sale","salvage value and depreciable base"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:08265380ef18b5184a45094a75ea3fc6e34b09f72ce30b6cb60d5f40d1ebdd8a","downloaded_from":"2026-09-10T00:07:07.550Z","last_downloaded_at":"2026-09-10T00:07:25.862Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"330-905","title":"Agriculture","topic_title":"Inventory","score":0.6849,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b6a808eaceb5269c86d30ed8e588528041db5bb782ece87c5f3112fd6b5f835","downloaded_from":"2026-09-09T23:51:23.210Z","last_downloaded_at":"2026-09-09T23:51:52.923Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"340-970","title":"Real Estate—General","topic_title":"Other Assets and Deferred Costs","score":0.6707,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:167df3e8385b5e3642ece56e8fc4e372720c75997e42edc6c93e82a6ed234343","downloaded_from":"2026-09-09T23:58:59.193Z","last_downloaded_at":"2026-09-09T23:59:17.895Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"350-950","title":"Financial Services—Title Plant","topic_title":"Intangibles—Goodwill and Other","score":0.6695,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:86e0de43b395132fbf4b8824679dc582e676b3ffcd09114da8e3efc083b9a8e1","downloaded_from":"2026-09-10T00:04:47.698Z","last_downloaded_at":"2026-09-10T00:05:10.067Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"730-10","title":"Overall","topic_title":"Research and Development","score":0.6516,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:93acb38e4fcc71b6ee8a4295d1cb04fdea586445ca3efe31ca9813e5a8a57702","downloaded_from":"2026-09-10T01:14:28.594Z","last_downloaded_at":"2026-09-10T01:14:54.866Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"905-10","title":"Overall","topic_title":"Agriculture","score":0.644,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:467bf9f9b5cdc3480492501032629f9de4151b36ba103eaab98095106fc5a89f","downloaded_from":"2026-09-10T02:08:37.690Z","last_downloaded_at":"2026-09-10T02:08:46.650Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"340-10","title":"Overall","topic_title":"Other Assets and Deferred Costs","score":0.643,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9b5fe926d88dc6b843b046bb23b4e8b4a184ba39971a2cd98a8b5b59d709d76","downloaded_from":"2026-09-09T23:54:15.524Z","last_downloaded_at":"2026-09-09T23:55:04.724Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"360-20","title":"Real Estate Sales","topic_title":"Property, Plant, and Equipment","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2804889fee0ea927946b93ee370e7c3fcf86dbf19d436579b593c0cd40b83fbd","downloaded_from":"2026-09-10T00:06:36.995Z","last_downloaded_at":"2026-09-10T00:07:04.384Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"360-908","title":"Airlines","topic_title":"Property, Plant, and Equipment","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b273e4df688473faaf42f6f3b18899f84402ec6361a98b3f3a49f7d5b404474","downloaded_from":"2026-09-10T00:07:28.720Z","last_downloaded_at":"2026-09-10T00:07:56.986Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c9937836b20c9092acb279e0328d9fb06f20c1f9237190066a1fb68de5a5a2e3","downloaded_from":"2026-09-10T00:07:07.550Z","last_downloaded_at":"2026-09-10T00:07:25.862Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-908","topic":"360","title":"Airlines","area":"Assets","paragraphs":22,"summary":"ASC 360-908 governs property, plant, and equipment accounting unique to airlines: unit versus group depreciation, rotable parts, airframe modifications, and airframe/engine overhauls. Its core rules are that modifications enhancing an aircraft's usefulness must be capitalized and depreciated over the shorter of the aircraft's or the modification's useful life, and that overhauls must be accounted for under one of three permitted methods—direct expensing, built-in overhaul, or deferral—with the accrue-in-advance (accrual) method prohibited.","concepts":["unit depreciation","group depreciation","rotable parts","airframe modifications","built-in overhaul method","deferral method","planned major maintenance activities","manufacturer purchase incentives"],"categories":["Inventory and PP&E","Subsequent measurement","Industry-specific","Recognition"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-908-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Cash ConsiderationSupersededAccounting Standards Update No. 2014-0905/28/2014
908-360-55-1AmendedAccounting Standards Update No. 2016-0202/25/2016
908-360-55-1AmendedAccounting Standards Update No. 2014-0905/28/2014
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nCash Consideration | Superseded | Accounting Standards Update No. 2014-09 | 05/28/2014 |…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e9634983671e16671951f71a9272a49a2b93a69fd5165058f9ee9c15388cde1d","downloaded_from":"2026-09-10T00:07:28.720Z","last_downloaded_at":"2026-09-10T00:07:28.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478893","source_sha256":"8209ee9728e017051d324c221738e13dbb1a9c830b5e83318f36948869186126"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cbbc7ac8492562296c46f8f2ef381791374f72e994870e79672df9f129818313","downloaded_from":"2026-09-10T00:07:28.720Z","last_downloaded_at":"2026-09-10T00:07:28.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478893","source_sha256":"8209ee9728e017051d324c221738e13dbb1a9c830b5e83318f36948869186126"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:921ae5752a77d916c5a5c2ecb74c1abf06204a3e8c3043beebccc070227b0442","downloaded_from":"2026-09-10T00:07:28.720Z","last_downloaded_at":"2026-09-10T00:07:28.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478893","source_sha256":"8209ee9728e017051d324c221738e13dbb1a9c830b5e83318f36948869186126"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-908-05-1","para":"05-1","html":"
This Subtopic provides guidance for accounting for certain property, plant, and equipment assets for entities in the airline industry. It includes guidance on:
  1. a
    The use of unit and group depreciation methods.
  2. b
    Rotable parts. Rotable parts relate to flight equipment.
  3. c
    Airframe modifications. Airlines have undertaken major programs to modify interior configurations of certain aircraft types—including the reconfiguration and replacement of seats, galley equipment, and storage space—in response to market forces and passenger demands. Since deregulation, such changes have been more frequent.
  4. d
    Airframe and engine overhauls. As a result of overhaul requirements established by the Federal Aviation Administration, aircraft airframes and engines must be overhauled within specific intervals. The value and usefulness of an aircraft can be heavily dependent on its stage of overhaul. For accounting purposes, airframe and aircraft engine overhauls encompass all inspections or replacements of major components, which the civil air regulations require at specific maximum periodic intervals to recertify that the frame or engine is completely airworthy.
","snippet":"This Subtopic provides guidance for accounting for certain property, plant, and equipment assets for entities in the airline industry. It includes guidance on:\n(a) The use of unit and group depreciation methods.\n(b) Rota…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:463ea53fe9f5c2b25a47d226fcb2a35ebe31f1a61a62921d2cdf0286b3f13b1f","downloaded_from":"2026-09-10T00:07:31.218Z","last_downloaded_at":"2026-09-10T00:07:31.218Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478054","source_sha256":"613024ffbbb67efac23ef9641ac01353747c6c287ba9e248c990d9d1b9ebb834"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea324d27cd574fcf40d4e048230292ccc830b04bbc055631c6a667fb8437dcab","downloaded_from":"2026-09-10T00:07:31.218Z","last_downloaded_at":"2026-09-10T00:07:31.218Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478054","source_sha256":"613024ffbbb67efac23ef9641ac01353747c6c287ba9e248c990d9d1b9ebb834"}},{"block":null,"heading":"Purchase Incentives","paragraphs":[{"citation":"360-908-05-2","para":"05-2","html":"
Airlines frequently negotiate purchase incentives with aircraft manufacturers whereby, as an inducement to purchase a particular manufacturer's aircraft, the manufacturer will issue credits, which can be used for the purchase of spare parts but may not be applied as part of the purchase price of aircraft. Examples of other incentives are guaranteed trade-in values and purchase credits for flight crew training equipment (for example, flight simulators).
","snippet":"Airlines frequently negotiate purchase incentives with aircraft manufacturers whereby, as an inducement to purchase a particular manufacturer's aircraft, the manufacturer will issue credits, which can be used for the pur…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ea67388b0ebdc71528ed082e4e4c74195278cc19b77798772720e6e98d6e691","downloaded_from":"2026-09-10T00:07:31.218Z","last_downloaded_at":"2026-09-10T00:07:31.218Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478054","source_sha256":"613024ffbbb67efac23ef9641ac01353747c6c287ba9e248c990d9d1b9ebb834"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:832fba3039f311f87a46d8e3bb73ef96413a2e54254154a91a4c51da031e67b6","downloaded_from":"2026-09-10T00:07:31.218Z","last_downloaded_at":"2026-09-10T00:07:31.218Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478054","source_sha256":"613024ffbbb67efac23ef9641ac01353747c6c287ba9e248c990d9d1b9ebb834"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37b8cf1533cd41536ded1698840612025e81db1ceb90e39b30699af4289a0b2b","downloaded_from":"2026-09-10T00:07:31.218Z","last_downloaded_at":"2026-09-10T00:07:31.218Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478054","source_sha256":"613024ffbbb67efac23ef9641ac01353747c6c287ba9e248c990d9d1b9ebb834"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"360-908-15-1","para":"15-1","html":"
This Subtopic provides guidance relating to certain property, plant, and equipment assets for entities in the airline industry.
","snippet":"This Subtopic provides guidance relating to certain property, plant, and equipment assets for entities in the airline industry.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4ef9120ca71a151f4971971f36da5154060d039e03dc55fdadbba9af46e13a8","downloaded_from":"2026-09-10T00:07:34.695Z","last_downloaded_at":"2026-09-10T00:07:34.695Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478930","source_sha256":"f2063e83b04d95e3f4f81bd0473fc2bed30b352b18cfcc6af8f9ee612c010a96"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f38de57b4d0592c343398cd7d587c1bff6a5ee5eea41920a98a6f28b48b35c2a","downloaded_from":"2026-09-10T00:07:34.695Z","last_downloaded_at":"2026-09-10T00:07:34.695Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478930","source_sha256":"f2063e83b04d95e3f4f81bd0473fc2bed30b352b18cfcc6af8f9ee612c010a96"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"360-908-15-2","para":"15-2","html":"
The guidance in this Subtopic does not apply to the following transactions and activities:
  1. a
    The cost of routine replacement of minor parts and servicing or inspection of airframes and aircraft engines
  2. b
    Costs accounted for as restoration of assets, such as extraordinary costs associated with the renewal of major structural parts beyond the scope of normal periodic overhauls
  3. c
    Other costs with a life span similar to the depreciable service life of the related airframe or aircraft engine.
","snippet":"The guidance in this Subtopic does not apply to the following transactions and activities:\n(a) The cost of routine replacement of minor parts and servicing or inspection of airframes and aircraft engines\n(b) Costs accoun…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ba0acf1794c1cd5a766864b1b697953a0dd7621f156f168bad6cfbd602ee779","downloaded_from":"2026-09-10T00:07:34.695Z","last_downloaded_at":"2026-09-10T00:07:34.695Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478930","source_sha256":"f2063e83b04d95e3f4f81bd0473fc2bed30b352b18cfcc6af8f9ee612c010a96"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a64f6c7cf549bb3c20a8dc5a08184d841c936b3d2f366ac5e7a5023b4cd493f","downloaded_from":"2026-09-10T00:07:34.695Z","last_downloaded_at":"2026-09-10T00:07:34.695Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478930","source_sha256":"f2063e83b04d95e3f4f81bd0473fc2bed30b352b18cfcc6af8f9ee612c010a96"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2edc252ab13ade058e98396600cb93aab763886a9c56d578b0b615ffa079b107","downloaded_from":"2026-09-10T00:07:34.695Z","last_downloaded_at":"2026-09-10T00:07:34.695Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478930","source_sha256":"f2063e83b04d95e3f4f81bd0473fc2bed30b352b18cfcc6af8f9ee612c010a96"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Airframe Modifications","paragraphs":[{"citation":"360-908-25-1","para":"25-1","html":"
If the modifications of interior configurations of certain aircraft types enhance the usefulness of the aircraft, the costs associated with the changes shall be capitalized.
","snippet":"If the modifications of interior configurations of certain aircraft types enhance the usefulness of the aircraft, the costs associated with the changes shall be capitalized.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:89ccd4c2cdd3355a9f0a658344097a68b3a90244b77d834a9a407a18c74ccca5","downloaded_from":"2026-09-10T00:07:41.491Z","last_downloaded_at":"2026-09-10T00:07:41.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478867","source_sha256":"04410097eba1b68dd968775db6409000c5ac540e8454e2fabbe27780d0e0205e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec17c3202b2bd85932c2731c6ffaf3a631dc50e19cbfc9fd29e43272d083112e","downloaded_from":"2026-09-10T00:07:41.491Z","last_downloaded_at":"2026-09-10T00:07:41.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478867","source_sha256":"04410097eba1b68dd968775db6409000c5ac540e8454e2fabbe27780d0e0205e"}},{"block":null,"heading":"Overhaul Costs","paragraphs":[{"citation":"360-908-25-2","para":"25-2","html":"
Air carriers shall adopt an accounting method that recognizes overhaul expenses in the appropriate period. This may result in different methods for different aircraft, as well as different methods for airframe overhauls and engine overhauls. The method chosen shall recognize, among other things, the carrier's operating practices with respect to airframe and engine overhauls. The following accounting methods are permitted:
  1. a
    The direct expensing method, addressed in Subtopic 908-720 (see paragraph 908-720-25-3)
  2. b
    The built-in overhaul method, addressed in this Subtopic
  3. c
    The deferral method, addressed in this Subtopic.
As indicated in paragraph 360-10-25-5, the use of the accrue-in-advance (accrual) method of accounting for planned major maintenance activities is prohibited in annual and interim financial reporting periods.
","snippet":"Air carriers shall adopt an accounting method that recognizes overhaul expenses in the appropriate period. This may result in different methods for different aircraft, as well as different methods for airframe overhauls …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f045d4c7fcda641f915252f1e206b68f910d062f02854f8e6d6fe4a3b9cd81dc","downloaded_from":"2026-09-10T00:07:41.491Z","last_downloaded_at":"2026-09-10T00:07:41.491Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478867","source_sha256":"04410097eba1b68dd968775db6409000c5ac540e8454e2fabbe27780d0e0205e"}},{"citation":"360-908-25-3","para":"25-3","html":"
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This guidance addresses the following methods of accounting for overhaul expenses:
  1. a
    Built-in overhaul method
  2. b
    Deferral method.
The direct expensing method is addressed in Subtopic 908-720 (see paragraph 908-720-25-3).
","snippet":"This guidance addresses the following methods of accounting for overhaul expenses:\n(a) Built-in overhaul method\n(b) Deferral method.\nThe direct expensing method is addressed in Subtopic 908-720 (see paragraph 908-720-25-…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a9b747f5b081358b12ffcc956a910b2db971234752d3063244d10ebcedd118ed","downloaded_from":"2026-09-10T00:07:44.908Z","last_downloaded_at":"2026-09-10T00:07:44.908Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478535","source_sha256":"4d20c808dc3a5f09e789029d52b60d68627b51c63fd66ab40627786c06b01d9d"}},{"citation":"360-908-30-2","para":"30-2","html":"
The built-in overhaul method is based on segregation of the aggregate aircraft costs into those components that shall be depreciated over the useful life of the aircraft and those that require overhaul at periodic intervals. Thus, the estimated cost of the overhaul component included in the purchase price shall be set up separately from the cost of the airframe and engines.
","snippet":"The built-in overhaul method is based on segregation of the aggregate aircraft costs into those components that shall be depreciated over the useful life of the aircraft and those that require overhaul at periodic interv…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f6bd7012374e04bca0799f2fa48e3e0832f6a097e9e9e1597884747a0a478275","downloaded_from":"2026-09-10T00:07:44.908Z","last_downloaded_at":"2026-09-10T00:07:44.908Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478535","source_sha256":"4d20c808dc3a5f09e789029d52b60d68627b51c63fd66ab40627786c06b01d9d"}},{"citation":"360-908-30-3","para":"30-3","html":"
Under the deferral method, the actual cost of each overhaul shall be capitalized.
","snippet":"Under the deferral method, the actual cost of each overhaul shall be capitalized.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2dcf8e22db5f06827b718eeeb2471c18c9949cd37536485f1b8b8f7302c3d63","downloaded_from":"2026-09-10T00:07:44.908Z","last_downloaded_at":"2026-09-10T00:07:44.908Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478535","source_sha256":"4d20c808dc3a5f09e789029d52b60d68627b51c63fd66ab40627786c06b01d9d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:827f159d100062083609bc9d806b54d0714fb4d50625a217dd0652f19db656c6","downloaded_from":"2026-09-10T00:07:44.908Z","last_downloaded_at":"2026-09-10T00:07:44.908Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478535","source_sha256":"4d20c808dc3a5f09e789029d52b60d68627b51c63fd66ab40627786c06b01d9d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0180e3b192393072dca09b7c5f43726cdd8cfe4a3beac1347731c84a33f36a88","downloaded_from":"2026-09-10T00:07:44.908Z","last_downloaded_at":"2026-09-10T00:07:44.908Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478535","source_sha256":"4d20c808dc3a5f09e789029d52b60d68627b51c63fd66ab40627786c06b01d9d"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Depreciation Methods","paragraphs":[{"citation":"360-908-35-1","para":"35-1","html":"
A depreciation method may be applied to a single asset (unit depreciation) or to a group or pool of assets that are similar in nature (group depreciation). An air carrier can use unit or group depreciation methods on different groups of assets. The ease of application is the basis of selection between the two methods.
  1. a
    Unit method. Under the unit method, the airline depreciates the cost of the individual items of property and equipment. Unit depreciation is generally used for fixed assets, such as aircraft and engines, that have large unit costs and are comparatively few in number.
  2. b
    Group method. Under the group method, the airline depreciates the aggregate cost of a group of equipment that is fairly homogeneous, despite differences in the service lives of individual items. Group depreciation usually is applied to groups of assets that are significant in number but have relatively small unit values, such as rotable parts and assemblies.
","snippet":"A depreciation method may be applied to a single asset (unit depreciation) or to a group or pool of assets that are similar in nature (group depreciation). An air carrier can use unit or group depreciation methods on dif…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:709d7a212f408819f4cd1bd6585436806972250a8fb8adf16fa46d921f562776","downloaded_from":"2026-09-10T00:07:47.920Z","last_downloaded_at":"2026-09-10T00:07:47.920Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478235","source_sha256":"ff35355475a0f41bd1fc10c5dd73803333053ec5f2e17780146363730f14682d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11a60747bf3906e192f00b87bc8f5769f362aa7458ecd767ee3a01ce32eb83db","downloaded_from":"2026-09-10T00:07:47.920Z","last_downloaded_at":"2026-09-10T00:07:47.920Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478235","source_sha256":"ff35355475a0f41bd1fc10c5dd73803333053ec5f2e17780146363730f14682d"}},{"block":null,"heading":"Rotable Parts","paragraphs":[{"citation":"360-908-35-2","para":"35-2","html":"
Rotable parts and assemblies are normally depreciated over their useful lives or service lives according to a group method of depreciation.
","snippet":"Rotable parts and assemblies are normally depreciated over their useful lives or service lives according to a group method of depreciation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d5e26ef10280a17b5b9b57eaed705083ac7877dc0c44eb3ffa74c21df3bc0b2","downloaded_from":"2026-09-10T00:07:47.920Z","last_downloaded_at":"2026-09-10T00:07:47.920Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478235","source_sha256":"ff35355475a0f41bd1fc10c5dd73803333053ec5f2e17780146363730f14682d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e2d031ea6ad66903e9a7b7d2d62e2b759c7c53a880b0928bc3be34bc4e1ea79","downloaded_from":"2026-09-10T00:07:47.920Z","last_downloaded_at":"2026-09-10T00:07:47.920Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478235","source_sha256":"ff35355475a0f41bd1fc10c5dd73803333053ec5f2e17780146363730f14682d"}},{"block":null,"heading":"Airframe Modifications","paragraphs":[{"citation":"360-908-35-3","para":"35-3","html":"
Airframe modifications shall be depreciated over the estimated useful life of the aircraft or the modifications, whichever is less.
","snippet":"Airframe modifications shall be depreciated over the estimated useful life of the aircraft or the modifications, whichever is less.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f985c0c1476414173076c2fe4a933ccddc5695364fe063bf1d77ec29e22dd176","downloaded_from":"2026-09-10T00:07:47.920Z","last_downloaded_at":"2026-09-10T00:07:47.920Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478235","source_sha256":"ff35355475a0f41bd1fc10c5dd73803333053ec5f2e17780146363730f14682d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0dd2b342c0f9e7d7def853c39e403ea896427d5b5f0341dfe9a0a7e8171994c","downloaded_from":"2026-09-10T00:07:47.920Z","last_downloaded_at":"2026-09-10T00:07:47.920Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478235","source_sha256":"ff35355475a0f41bd1fc10c5dd73803333053ec5f2e17780146363730f14682d"}},{"block":null,"heading":"Overhaul Costs","paragraphs":[{"citation":"360-908-35-4","para":"35-4","html":"
This guidance addresses the following methods of accounting for overhaul expenses:
  1. a
    Built-in overhaul method
  2. b
    Deferral method.
The direct expensing method is addressed in Subtopic 908-720 (see paragraph 908-720-25-3).
","snippet":"This guidance addresses the following methods of accounting for overhaul expenses:\n(a) Built-in overhaul method\n(b) Deferral method.\nThe direct expensing method is addressed in Subtopic 908-720 (see paragraph 908-720-25-…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e062576db1a1a00489cee9092c126088ffd7f9010f28dd17d3b74ff202f43c7f","downloaded_from":"2026-09-10T00:07:47.920Z","last_downloaded_at":"2026-09-10T00:07:47.920Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478235","source_sha256":"ff35355475a0f41bd1fc10c5dd73803333053ec5f2e17780146363730f14682d"}},{"citation":"360-908-35-5","para":"35-5","html":"
The estimated cost of the overhaul component included in the aircraft purchase price shall be amortized to the date of the initial overhaul. The cost of the initial overhaul shall then be capitalized and amortized to the next overhaul, at which time the process shall be repeated.
","snippet":"The estimated cost of the overhaul component included in the aircraft purchase price shall be amortized to the date of the initial overhaul. The cost of the initial overhaul shall then be capitalized and amortized to the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c3a9484030eb997ac290df25c4430a9f6666f661f1f4dccb6224358b658725ae","downloaded_from":"2026-09-10T00:07:47.920Z","last_downloaded_at":"2026-09-10T00:07:47.920Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478235","source_sha256":"ff35355475a0f41bd1fc10c5dd73803333053ec5f2e17780146363730f14682d"}},{"citation":"360-908-35-6","para":"35-6","html":"
Under the deferral method, the actual cost of each overhaul shall be amortized to the next overhaul.
","snippet":"Under the deferral method, the actual cost of each overhaul shall be amortized to the next overhaul.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d2a530433984474cfa3f46dd123b6d0575697b6753a82ff0c5c844d6248fdbca","downloaded_from":"2026-09-10T00:07:47.920Z","last_downloaded_at":"2026-09-10T00:07:47.920Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478235","source_sha256":"ff35355475a0f41bd1fc10c5dd73803333053ec5f2e17780146363730f14682d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:741f913ae3b9d7961bedd4cabe8cd026309a8d1561b024856b7fcb384904195e","downloaded_from":"2026-09-10T00:07:47.920Z","last_downloaded_at":"2026-09-10T00:07:47.920Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478235","source_sha256":"ff35355475a0f41bd1fc10c5dd73803333053ec5f2e17780146363730f14682d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f6b8f61a6fbcd6c715a3ca54ddc6ccffa06c115d6b02ab08a6171b446a0ef80","downloaded_from":"2026-09-10T00:07:47.920Z","last_downloaded_at":"2026-09-10T00:07:47.920Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478235","source_sha256":"ff35355475a0f41bd1fc10c5dd73803333053ec5f2e17780146363730f14682d"}},{"number":"40","label":"40 Derecognition","anchor":"40-derecognition","is_sec":false,"groups":[{"block":null,"heading":"Airframe Modifications","paragraphs":[{"citation":"360-908-40-1","para":"40-1","html":"
The cost of the replaced asset net of accumulated depreciation and anticipated recovery value shall be charged to income in the current period. However, detailed records may often be inadequate to permit identification of the cost of the replaced asset; therefore, estimates may be required.
","snippet":"The cost of the replaced asset net of accumulated depreciation and anticipated recovery value shall be charged to income in the current period. However, detailed records may often be inadequate to permit identification o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef45aca776909ef359c7a8866f8e3f4661461089de2beb9ab49aa3cbc8c01b51","downloaded_from":"2026-09-10T00:07:51.909Z","last_downloaded_at":"2026-09-10T00:07:51.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477416","source_sha256":"f23e1e529b911d0e12bea8d172327c65a13261e1c081e53f53e357bc6de5bc91"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9f51f22f86331ddbab8e7a12858684b32b0732169e00ad2fa55cfaa8bf02289b","downloaded_from":"2026-09-10T00:07:51.909Z","last_downloaded_at":"2026-09-10T00:07:51.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477416","source_sha256":"f23e1e529b911d0e12bea8d172327c65a13261e1c081e53f53e357bc6de5bc91"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ace88a9c79cea5da6e5f360adc46e62494486565720a4993d8bd399006cc07e5","downloaded_from":"2026-09-10T00:07:51.909Z","last_downloaded_at":"2026-09-10T00:07:51.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477416","source_sha256":"f23e1e529b911d0e12bea8d172327c65a13261e1c081e53f53e357bc6de5bc91"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Rotable Parts","paragraphs":[{"citation":"360-908-45-1","para":"45-1","html":"
Rotable parts and assemblies of significant value are classified along with flight equipment as fixed assets.
","snippet":"Rotable parts and assemblies of significant value are classified along with flight equipment as fixed assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1e3f24ed8823ad8e97e307396c06cbe002864a41c6e3d040e0deb62e659ef8e0","downloaded_from":"2026-09-10T00:07:54.458Z","last_downloaded_at":"2026-09-10T00:07:54.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477553","source_sha256":"381db1091efb54aa24d69008e91d2c2d9b0719c3b1db5e71814124bcd07faf0f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:92c7bb26b077b7215d790a1cb19e98fc305e588368b8bb1c02b35480a28969fd","downloaded_from":"2026-09-10T00:07:54.458Z","last_downloaded_at":"2026-09-10T00:07:54.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477553","source_sha256":"381db1091efb54aa24d69008e91d2c2d9b0719c3b1db5e71814124bcd07faf0f"}},{"block":null,"heading":"Overhaul Costs and Planned Major Maintenance Activities","paragraphs":[{"citation":"360-908-45-2","para":"45-2","html":"
As indicated in paragraph 360-10-45-1, an entity shall apply the same method of accounting for planned major maintenance activities in annual and interim financial reporting periods.
","snippet":"As indicated in paragraph 360-10-45-1, an entity shall apply the same method of accounting for planned major maintenance activities in annual and interim financial reporting periods.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b6f6c175e4663ffc5a1d8c0a1ac69aa096766ed4d1a48bb0716be93e9cf99caa","downloaded_from":"2026-09-10T00:07:54.458Z","last_downloaded_at":"2026-09-10T00:07:54.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477553","source_sha256":"381db1091efb54aa24d69008e91d2c2d9b0719c3b1db5e71814124bcd07faf0f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b26a30e2d898d19b6c5427baaad2fe80cea34aea4db1e0778c09caf6e54d9c7e","downloaded_from":"2026-09-10T00:07:54.458Z","last_downloaded_at":"2026-09-10T00:07:54.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477553","source_sha256":"381db1091efb54aa24d69008e91d2c2d9b0719c3b1db5e71814124bcd07faf0f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:92caab81b45dd37945fc715e9aabf6d6df2503b70c2a4624a03244c1d20d1160","downloaded_from":"2026-09-10T00:07:54.458Z","last_downloaded_at":"2026-09-10T00:07:54.458Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477553","source_sha256":"381db1091efb54aa24d69008e91d2c2d9b0719c3b1db5e71814124bcd07faf0f"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"360-908-55-1","para":"55-1","html":"
Credit received as a purchase incentive from an aircraft manufacturer to induce a purchase of that manufacturer's aircraft should be accounted for in accordance with paragraphs
705-20-25-1 through 25-5
for the aircraft or, if the aircraft is leased, as a lease incentive in accordance with Topic 842.
","snippet":"Credit received as a purchase incentive from an aircraft manufacturer to induce a purchase of that manufacturer's aircraft should be accounted for in accordance with paragraphs 705-20-25-1 through 25-5 for the aircraft o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:01973652cd3e6de9eb1f5b4f81d8f7a6a1f9402f4669f997ee30d81eddd9d7de","downloaded_from":"2026-09-10T00:07:56.986Z","last_downloaded_at":"2026-09-10T00:07:56.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477598","source_sha256":"b8359ca4e35081b9fb469c20df0089b3dc280a5086cc58684a864767e0cdd983"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:301599f5e618232097026e05ead07696da5a0201148af4347911389a9f313b57","downloaded_from":"2026-09-10T00:07:56.986Z","last_downloaded_at":"2026-09-10T00:07:56.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477598","source_sha256":"b8359ca4e35081b9fb469c20df0089b3dc280a5086cc58684a864767e0cdd983"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:871a8df06fc4a3fb2a7eaa1a048023ddca3e2bcf671817947f5a17a470eaaba8","downloaded_from":"2026-09-10T00:07:56.986Z","last_downloaded_at":"2026-09-10T00:07:56.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477598","source_sha256":"b8359ca4e35081b9fb469c20df0089b3dc280a5086cc58684a864767e0cdd983"}}],"enrichment":{"summary":"ASC 360-908 governs property, plant, and equipment accounting unique to airlines: unit versus group depreciation, rotable parts, airframe modifications, and airframe/engine overhauls. Its core rules are that modifications enhancing an aircraft's usefulness must be capitalized and depreciated over the shorter of the aircraft's or the modification's useful life, and that overhauls must be accounted for under one of three permitted methods—direct expensing, built-in overhaul, or deferral—with the accrue-in-advance (accrual) method prohibited.","key_points":["A depreciation method may be applied to a single asset (unit method, typically aircraft and engines with large unit costs) or to a homogeneous pool (group method, typically rotable parts and assemblies), with ease of application being the basis of selection (360-908-35-1).","Rotable parts and assemblies of significant value are classified with flight equipment as fixed assets (360-908-45-1) and are normally depreciated over their useful or service lives under a group method (360-908-35-2).","Costs of interior configuration modifications that enhance the usefulness of the aircraft shall be capitalized (360-908-25-1) and depreciated over the estimated useful life of the aircraft or of the modification, whichever is less (360-908-35-3).","Air carriers must adopt a method that recognizes overhaul expense in the appropriate period; permitted methods are direct expensing (908-720-25-3), the built-in overhaul method, and the deferral method, and the accrue-in-advance method is prohibited in annual and interim periods (360-908-25-2; 360-10-25-5).","Under the built-in overhaul method, aggregate aircraft cost is segregated into components depreciated over the aircraft's useful life and an overhaul component that is set up separately and amortized to the date of the initial overhaul; each subsequent overhaul cost is then capitalized and amortized to the next overhaul (360-908-30-2; 360-908-35-5).","Under the deferral method, the actual cost of each overhaul is capitalized and amortized to the next overhaul (360-908-30-3; 360-908-35-6).","On replacement, the cost of the replaced asset net of accumulated depreciation and anticipated recovery value is charged to income in the current period, using estimates where detailed records are inadequate (360-908-40-1); manufacturer purchase incentive credits are accounted for under 705-20-25-1 through 25-5, or as a lease incentive under Topic 842 if the aircraft is leased (360-908-55-1)."],"categories":["Inventory and PP&E","Subsequent measurement","Industry-specific","Recognition"],"audience_level":"intermediate","student_note":"Airlines are the classic example of component depreciation and of the prohibition on accruing maintenance before it occurs; the most common error is assuming an airline may build a reserve for future overhauls—the accrue-in-advance method is banned, and only direct expensing, built-in overhaul, or deferral is permitted (and the chosen method must be applied consistently in interim and annual periods).","related_topics":["908-720","360-10","705-20","842","908-360"],"key_concepts":["unit depreciation","group 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Management must fix the prematurity period before revenue from the first subscriber is recognized (presumed not to exceed two years), capitalize cable plant costs and initial subscriber installation costs in full during that period, and record depreciation using a subscriber-based fraction rather than full depreciation. Distinguishable portions of a system in the prematurity period are accounted for and tested for recoverability separately.","concepts":["prematurity period","cable television plant","initial subscriber installation costs","subscriber fraction depreciation","portion of a cable system","recoverability provision","construction overhead capitalization","cost allocation between current and future operations"],"categories":["Inventory and PP&E","Initial measurement","Subsequent measurement","Industry-specific"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-922-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
922-360-25-1AmendedAccounting Standards Update No. 2014-0905/28/2014
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This Subtopic provides guidance for certain costs incurred by entities in the cable television industry during the periods of cable construction and service.
","snippet":"This Subtopic provides guidance for certain costs incurred by entities in the cable television industry during the periods of cable construction and service.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7c9b7dcff6066bb98ef12802533664e75f22bef092390fa7a69af76c504743c9","downloaded_from":"2026-09-10T00:08:17.898Z","last_downloaded_at":"2026-09-10T00:08:17.898Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479084","source_sha256":"695215bdf65506a11b409fe6fbb97750aca1545c81db02edbc2141924b0a5f98"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c04fd70cca6868990864c88050c3112fc53f9a8bb7b6669e35e6bc5a603c8dd9","downloaded_from":"2026-09-10T00:08:17.898Z","last_downloaded_at":"2026-09-10T00:08:17.898Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479084","source_sha256":"695215bdf65506a11b409fe6fbb97750aca1545c81db02edbc2141924b0a5f98"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4056de47383f37bbb9ca711fc60b6fcecc61702e2b11aa0a3cd116125ce1b1f6","downloaded_from":"2026-09-10T00:08:17.898Z","last_downloaded_at":"2026-09-10T00:08:17.898Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479084","source_sha256":"695215bdf65506a11b409fe6fbb97750aca1545c81db02edbc2141924b0a5f98"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"360-922-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 922-10-15.
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Before revenue is recognized from the first subscriber, management shall establish the beginning and end of the prematurity period, subject to a presumption that the prematurity period usually will not exceed two years. The prematurity period frequently will be shorter than two years; a longer period may be reasonably justified only in major urban markets. After the prematurity period is established by management, it shall not be changed except as a result of highly unusual circumstances. A portion of a cable television system that is in the prematurity period and can be clearly distinguished from the remainder of the system shall be accounted for separately.
","snippet":"Before revenue is recognized from the first subscriber, management shall establish the beginning and end of the prematurity period, subject to a presumption that the prematurity period usually will not exceed two years. …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:572592600bd766bd3d26699aa8596872cd75320cc27113c6c8b1a6c4290c3ad8","downloaded_from":"2026-09-10T00:08:26.653Z","last_downloaded_at":"2026-09-10T00:08:26.653Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478490","source_sha256":"a5feadc342a70cb43b5ac534fa3a0580206ff3f52b49fbed1e26dd962240737d"}},{"citation":"360-922-25-2","para":"25-2","html":"
(Some cable television entities have used the word segment to refer to a portion of a cable television system. In view of the use of segment in a different context in Topic 280, the word portion is used throughout the Entertainment—Cable Television Topic.)
","snippet":"(Some cable television entities have used the word segment to refer to a portion of a cable television system. In view of the use of segment in a different context in Topic 280, the word portion is used throughout the En…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b608dcccb46652c6752b84e7c4a2f90b12070aa1724fd5ec5254d7beb868d827","downloaded_from":"2026-09-10T00:08:26.653Z","last_downloaded_at":"2026-09-10T00:08:26.653Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478490","source_sha256":"a5feadc342a70cb43b5ac534fa3a0580206ff3f52b49fbed1e26dd962240737d"}},{"citation":"360-922-25-3","para":"25-3","html":"
Such a portion would have most of the following characteristics:
  1. a
    Geographical differences, such as coverage of a noncontiguous or separately awarded franchise area
  2. b
    Mechanical differences, such as a separate head-end
  3. c
    Timing differences, such as starting construction or marketing at a significantly later date
  4. d
    Investment decision differences, such as separate break-even and return-on-investment analyses or separate approval of start of construction
  5. e
    Separate accounting records, separate budgets and forecasts, or other accountability differences.
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Costs incurred by the remainder of the system shall be charged to the portion in the prematurity period only if they are specifically identified with the operations of that portion.
","snippet":"Costs incurred by the remainder of the system shall be charged to the portion in the prematurity period only if they are specifically identified with the operations of that portion.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e1b8611bbd3fd27cddb3c9e033ad54f04f0fe673ef98c8768b891cb2c79f87cf","downloaded_from":"2026-09-10T00:08:26.653Z","last_downloaded_at":"2026-09-10T00:08:26.653Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478490","source_sha256":"a5feadc342a70cb43b5ac534fa3a0580206ff3f52b49fbed1e26dd962240737d"}},{"citation":"360-922-25-5","para":"25-5","html":"
During the prematurity period, costs of cable television plant, including materials, direct labor, and construction overhead shall continue to be capitalized in full.
","snippet":"During the prematurity period, costs of cable television plant, including materials, direct labor, and construction overhead shall continue to be capitalized in full.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8f1f6259114750b5b2929a0e8dae020cdedbe6dce6dc9c3c7653d087bd61efc","downloaded_from":"2026-09-10T00:08:26.653Z","last_downloaded_at":"2026-09-10T00:08:26.653Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478490","source_sha256":"a5feadc342a70cb43b5ac534fa3a0580206ff3f52b49fbed1e26dd962240737d"}},{"citation":"360-922-25-6","para":"25-6","html":"
See paragraph 922-835-25-1 concerning the capitalization of interest costs during the prematurity period.
","snippet":"See paragraph 922-835-25-1 concerning the capitalization of interest costs during the prematurity period.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fd28a972fa56db491617c60c8401e7be1dc8cd1c3af770e8ffe0da5a142b46e","downloaded_from":"2026-09-10T00:08:26.653Z","last_downloaded_at":"2026-09-10T00:08:26.653Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478490","source_sha256":"a5feadc342a70cb43b5ac534fa3a0580206ff3f52b49fbed1e26dd962240737d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11ab4547b33576c94b4d72123fcdaab1b85d896381fe4bc6a205b0c1f35f1b6a","downloaded_from":"2026-09-10T00:08:26.653Z","last_downloaded_at":"2026-09-10T00:08:26.653Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478490","source_sha256":"a5feadc342a70cb43b5ac534fa3a0580206ff3f52b49fbed1e26dd962240737d"}},{"block":null,"heading":"Subscriber Installation Costs","paragraphs":[{"citation":"360-922-25-7","para":"25-7","html":"
Initial subscriber installation costs, including material, labor, and overhead costs of the drop, shall be capitalized.
","snippet":"Initial subscriber installation costs, including material, labor, and overhead costs of the drop, shall be capitalized.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3229801046347d75aaaf202d810d7b222ea558f73b078742b1ebe73cd0ff1acc","downloaded_from":"2026-09-10T00:08:26.653Z","last_downloaded_at":"2026-09-10T00:08:26.653Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478490","source_sha256":"a5feadc342a70cb43b5ac534fa3a0580206ff3f52b49fbed1e26dd962240737d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e49f46b7f22ac9ad95a8f3417cb34395942874b5be47ef79fd28dce5ba935be5","downloaded_from":"2026-09-10T00:08:26.653Z","last_downloaded_at":"2026-09-10T00:08:26.653Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478490","source_sha256":"a5feadc342a70cb43b5ac534fa3a0580206ff3f52b49fbed1e26dd962240737d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c6a666a6d88bad26ee155cd911e9022b8a7f924cd0f670b59d0d1bf3f9278b7d","downloaded_from":"2026-09-10T00:08:26.653Z","last_downloaded_at":"2026-09-10T00:08:26.653Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478490","source_sha256":"a5feadc342a70cb43b5ac534fa3a0580206ff3f52b49fbed1e26dd962240737d"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Prematurity Period","paragraphs":[{"citation":"360-922-35-1","para":"35-1","html":"
For capitalizable costs identified for the portion of a cable television system that is in the prematurity period, separate projections for the portion shall be developed and the portion's capitalized costs shall be evaluated separately during the prematurity period for recoverability (see paragraph 922-360-35-4).
","snippet":"For capitalizable costs identified for the portion of a cable television system that is in the prematurity period, separate projections for the portion shall be developed and the portion's capitalized costs shall be eval…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5d6016c7c8df5804d2235d65bfff34d967a640b0dc12b6dfbf8b7160da07cbcf","downloaded_from":"2026-09-10T00:08:28.839Z","last_downloaded_at":"2026-09-10T00:08:28.839Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478286","source_sha256":"a64a5d5d219b472c5b1fc5cc34a65aef35144e3ccfccffd30a6ba158d1cb7352"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a75510d9f5956674594ac88bd469d030f6c651363d9b1fe10b45ffb33a6f010e","downloaded_from":"2026-09-10T00:08:28.839Z","last_downloaded_at":"2026-09-10T00:08:28.839Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478286","source_sha256":"a64a5d5d219b472c5b1fc5cc34a65aef35144e3ccfccffd30a6ba158d1cb7352"}},{"block":null,"heading":"Depreciation Expense","paragraphs":[{"citation":"360-922-35-2","para":"35-2","html":"
During the prematurity period, depreciation expense shall be determined by multiplying the monthly depreciation of total capitalized costs expected on completion of the prematurity period by the fraction described in the following paragraph, using the depreciation method that will be applied by the entity after the prematurity period.
","snippet":"During the prematurity period, depreciation expense shall be determined by multiplying the monthly depreciation of total capitalized costs expected on completion of the prematurity period by the fraction described in the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:434de9779842d26d3b45ac536ff188ab47fb564e31da2839ab030cc0b59e7095","downloaded_from":"2026-09-10T00:08:28.839Z","last_downloaded_at":"2026-09-10T00:08:28.839Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478286","source_sha256":"a64a5d5d219b472c5b1fc5cc34a65aef35144e3ccfccffd30a6ba158d1cb7352"}},{"citation":"360-922-35-3","para":"35-3","html":"
The following fraction shall be determined each month of the prematurity period. The denominator of the fraction shall be the total number of subscribers expected at the end of the prematurity period. The numerator of the fraction shall be the greatest of the following:
  1. a
    The average number of subscribers expected that month as estimated at the beginning of the prematurity period
  2. b
    The average number of subscribers that would be attained using at least equal (that is, straight-line) monthly progress in adding new subscribers towards the estimate of subscribers at the end of the prematurity period
  3. c
    The average number of actual subscribers.
This fraction also is to be used to allocate programming costs and other system costs between current and future operations, as discussed in paragraph 922-350-25-1.
","snippet":"The following fraction shall be determined each month of the prematurity period. The denominator of the fraction shall be the total number of subscribers expected at the end of the prematurity period. The numerator of th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ede563f993485d3aab26108f86c9ebbd03248a7ea7f283332357b0456da7457","downloaded_from":"2026-09-10T00:08:28.839Z","last_downloaded_at":"2026-09-10T00:08:28.839Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478286","source_sha256":"a64a5d5d219b472c5b1fc5cc34a65aef35144e3ccfccffd30a6ba158d1cb7352"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:107ce561542c853e0edd1c1fb18fdb5af2fc3c15a4dd7b4d7ebdf1bcbeab1e3a","downloaded_from":"2026-09-10T00:08:28.839Z","last_downloaded_at":"2026-09-10T00:08:28.839Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478286","source_sha256":"a64a5d5d219b472c5b1fc5cc34a65aef35144e3ccfccffd30a6ba158d1cb7352"}},{"block":null,"heading":"Recoverability","paragraphs":[{"citation":"360-922-35-4","para":"35-4","html":"
Capitalized plant is subject to the provisions of Topic 360. Capitalization of costs shall not cease when the total cost reaches an amount that is not fully recoverable. Capitalization of costs shall continue, and the provision required to reduce capitalized costs to recoverable value shall be increased.
","snippet":"Capitalized plant is subject to the provisions of Topic 360. Capitalization of costs shall not cease when the total cost reaches an amount that is not fully recoverable. Capitalization of costs shall continue, and the pr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c87bf08c8304a66399c9e4294e526719a79346543f9fc6b2136c661e61fb2338","downloaded_from":"2026-09-10T00:08:28.839Z","last_downloaded_at":"2026-09-10T00:08:28.839Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478286","source_sha256":"a64a5d5d219b472c5b1fc5cc34a65aef35144e3ccfccffd30a6ba158d1cb7352"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dfc28ff6ab9928731667413b9f8845e9c5f3e83c57081f5d9ba16675d3833357","downloaded_from":"2026-09-10T00:08:28.839Z","last_downloaded_at":"2026-09-10T00:08:28.839Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478286","source_sha256":"a64a5d5d219b472c5b1fc5cc34a65aef35144e3ccfccffd30a6ba158d1cb7352"}},{"block":null,"heading":"Subscriber Installation Costs","paragraphs":[{"citation":"360-922-35-5","para":"35-5","html":"
Initial subscriber installation costs capitalized under paragraph 922-360-25-7 shall be depreciated over a period no longer than the depreciation period used for cable television plant.
","snippet":"Initial subscriber installation costs capitalized under paragraph 922-360-25-7 shall be depreciated over a period no longer than the depreciation period used for cable television plant.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a867eeed1c78d49442303396ac3069f2183df8bb013b62700f1d459d920c2556","downloaded_from":"2026-09-10T00:08:28.839Z","last_downloaded_at":"2026-09-10T00:08:28.839Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478286","source_sha256":"a64a5d5d219b472c5b1fc5cc34a65aef35144e3ccfccffd30a6ba158d1cb7352"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb2e40f211ac640cb5c634ae70d13840a869fc5a9c2216029652b88a282eb6b2","downloaded_from":"2026-09-10T00:08:28.839Z","last_downloaded_at":"2026-09-10T00:08:28.839Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478286","source_sha256":"a64a5d5d219b472c5b1fc5cc34a65aef35144e3ccfccffd30a6ba158d1cb7352"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:062967129b0bf00b40e6593b44d637eb3c461967e513ec40d1f6bc0f40c1179d","downloaded_from":"2026-09-10T00:08:28.839Z","last_downloaded_at":"2026-09-10T00:08:28.839Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478286","source_sha256":"a64a5d5d219b472c5b1fc5cc34a65aef35144e3ccfccffd30a6ba158d1cb7352"}}],"enrichment":{"summary":"This subtopic governs how cable television entities account for plant and installation costs during the \"prematurity period\" — the span between the start of construction/marketing and the point at which the system is substantially complete and serving subscribers. Management must fix the prematurity period before revenue from the first subscriber is recognized (presumed not to exceed two years), capitalize cable plant costs and initial subscriber installation costs in full during that period, and record depreciation using a subscriber-based fraction rather than full depreciation. Distinguishable portions of a system in the prematurity period are accounted for and tested for recoverability separately.","key_points":["Management must establish the beginning and end of the prematurity period before revenue is recognized from the first subscriber, presumed not to exceed two years (longer only in major urban markets), and it cannot be changed except for highly unusual circumstances (360-922-25-1).","A clearly distinguishable portion of a system in the prematurity period is accounted for separately, using characteristics such as geographic, mechanical (separate head-end), timing, investment-decision, and accounting-records differences (360-922-25-1; 360-922-25-3).","Costs of the remainder of the system are charged to a portion in the prematurity period only if specifically identified with that portion's operations (360-922-25-4).","During the prematurity period, cable television plant costs — materials, direct labor, and construction overhead — continue to be capitalized in full, and initial subscriber installation costs (material, labor, and overhead of the drop) are capitalized (360-922-25-5; 360-922-25-7).","Depreciation during the prematurity period equals monthly depreciation of total capitalized costs expected at completion multiplied by a fraction whose denominator is total subscribers expected at the end of the period and whose numerator is the greatest of expected average subscribers for the month, straight-line progress subscribers, or actual average subscribers (360-922-35-2; 360-922-35-3).","That same fraction allocates programming and other system costs between current and future operations (360-922-35-3; see 922-350-25-1).","Capitalization does not stop when total cost exceeds recoverable amount; capitalization continues and the provision reducing capitalized costs to recoverable value is increased (360-922-35-4), and capitalized initial installation costs are depreciated over no longer than the plant depreciation period (360-922-35-5)."],"categories":["Inventory and PP&E","Initial measurement","Subsequent measurement","Industry-specific"],"audience_level":"intermediate","student_note":"The signature rule here is the subscriber-based depreciation fraction — students often assume full depreciation begins once the plant is placed in service, but during the prematurity period only a proportional amount is recorded. Also note the counterintuitive rule in 360-922-35-4: unrecoverable costs are still capitalized, with the shortfall handled through an increased valuation provision rather than by halting capitalization.","related_topics":["922-10","922-350","922-360","922-835","360-10","280"],"key_concepts":["prematurity period","cable television plant","initial subscriber installation costs","subscriber fraction depreciation","portion of a cable system","recoverability provision","construction overhead capitalization","cost allocation between current and future operations"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:95b188b8d12a91ac6fe657de16d7a25fad734bceb03cfd78266cfe2a7c49c40b","downloaded_from":"2026-09-10T00:08:15.419Z","last_downloaded_at":"2026-09-10T00:08:28.839Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by 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Other","score":0.8773,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:00d0aa96eb53b1254a7688867f87ca345bcae96036a0d85cfd71b1db1560b51c","downloaded_from":"2026-09-10T00:04:18.369Z","last_downloaded_at":"2026-09-10T00:04:37.790Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"720-922","title":"Entertainment—Cable Television","topic_title":"Other Expenses","score":0.8257,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea01e16ba8eb55fec7a263d76b6b71ca8910c387fede7a59d0a427d64874d04d","downloaded_from":"2026-09-10T01:09:40.397Z","last_downloaded_at":"2026-09-10T01:09:54.134Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not 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Equipment","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d48d75f062bb08a807d4795c9ad968aaa0d5c4e05894278b69187d8eb47ec2b","downloaded_from":"2026-09-10T00:08:31.985Z","last_downloaded_at":"2026-09-10T00:08:42.644Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:29ec49710015a4e9f38cb00935cfdaea0f437ec6c40e67c5c2222b5b384ac193","downloaded_from":"2026-09-10T00:08:15.419Z","last_downloaded_at":"2026-09-10T00:08:28.839Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-930","topic":"360","title":"Extractive Activities—Mining","area":"Assets","paragraphs":6,"summary":"This Subtopic gives mining-specific guidance on accounting for mineral rights and mining assets within Property, Plant, and Equipment. It clarifies that undeveloped land does not qualify for interest capitalization, how mineral resource asset current costs are measured when current cost disclosures are provided, and—most importantly—that impairment cash flow estimates for mining assets must include value beyond proven and probable reserves (with the related development and extraction outflows) and must reflect market-participant assumptions about mineral price fluctuations.","concepts":["mineral rights","value beyond proven and probable reserves","mining asset impairment","interest capitalization","qualifying asset","market participant assumptions","mineral price forecasts","current cost of mineral resource assets"],"categories":["Impairment","Inventory and PP&E","Industry-specific","Subsequent measurement"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-930-05-1","para":"05-1","html":"
This Subtopic addresses the accounting for mineral rights.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 930-10-15.
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Land that is not undergoing developmental activities necessary to get it ready for its intended use is not an asset that qualifies for interest capitalization. See paragraph 835-20-15-8 for interest capitalization.
","snippet":"Land that is not undergoing developmental activities necessary to get it ready for its intended use is not an asset that qualifies for interest capitalization. See paragraph 835-20-15-8 for interest capitalization.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:313bcf66fa9f03ec110a412fec089623f867f64364195784fdb8ef08783670b1","downloaded_from":"2026-09-10T00:08:40.221Z","last_downloaded_at":"2026-09-10T00:08:40.221Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477232","source_sha256":"947f3999eeb85bc4233390cc4a0d5637119e2bb1a1aaa8b1284400233365f4a8"}},{"citation":"360-930-25-2","para":"25-2","html":"
If current costs are provided in accordance with Subtopic 255-10 the costs of mineral resource assets is determined by current market buying prices or by the current cost of finding and developing mineral reserves. See Section 255-10-50 for current cost accounting.
","snippet":"If current costs are provided in accordance with Subtopic 255-10 the costs of mineral resource assets is determined by current market buying prices or by the current cost of finding and developing mineral reserves. See S…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc62e5e00f4f3ba856dec8a2130a4202a8680e82c5d8551e419f22dc55836733","downloaded_from":"2026-09-10T00:08:40.221Z","last_downloaded_at":"2026-09-10T00:08:40.221Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477232","source_sha256":"947f3999eeb85bc4233390cc4a0d5637119e2bb1a1aaa8b1284400233365f4a8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:96b66ce47998aeb1969987743951474c52534f846c3ce7ecf8f2d5b29ccf446a","downloaded_from":"2026-09-10T00:08:40.221Z","last_downloaded_at":"2026-09-10T00:08:40.221Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477232","source_sha256":"947f3999eeb85bc4233390cc4a0d5637119e2bb1a1aaa8b1284400233365f4a8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db5b3bfa016494a32b1555d548fbbab37d29b02c6d6c01b87ed6c154ca3c6eb6","downloaded_from":"2026-09-10T00:08:40.221Z","last_downloaded_at":"2026-09-10T00:08:40.221Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477232","source_sha256":"947f3999eeb85bc4233390cc4a0d5637119e2bb1a1aaa8b1284400233365f4a8"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Asset Impairment","paragraphs":[{"citation":"360-930-35-1","para":"35-1","html":"
An entity shall include the cash flows associated with value beyond proven and probable reserves in estimates of future cash flows (both undiscounted and discounted) used for determining whether a mining asset is impaired under paragraphs
360-10-15-3 through 15-5
. Estimated cash flows also shall include the estimated cash outflows required to develop and extract the value beyond proven and probable reserves.
","snippet":"An entity shall include the cash flows associated with value beyond proven and probable reserves in estimates of future cash flows (both undiscounted and discounted) used for determining whether a mining asset is impaire…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c471a0774b91dbaa79817e998c5345a9f2441e869058911fb78874dc11274a62","downloaded_from":"2026-09-10T00:08:42.644Z","last_downloaded_at":"2026-09-10T00:08:42.644Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477061","source_sha256":"661eb9f50407a63991616cdd7919e00c18777b1a373fc29f3fed0d7b68db3a28"}},{"citation":"360-930-35-2","para":"35-2","html":"
An entity shall consider the effects of anticipated fluctuations in the market price of minerals when estimating future cash flows (both undiscounted and discounted) used for determining whether a mining asset is impaired under the Impairment or Disposal of Long-Lived Assets Subsections of Subtopic 360-10. Estimates of those effects shall be consistent with estimates of a market participant. Generally, an entity shall consider all available information including current prices, historical averages, and forward pricing curves. Those marketplace assumptions typically shall be consistent with an entity's operating plans and financial projections underlying other aspects of the impairment analysis (for example, amount and timing of production). It generally would be inappropriate for an entity to use a single factor, such as the current price or a historical average, as a surrogate for estimating future prices without considering other information that a market participant would consider.
","snippet":"An entity shall consider the effects of anticipated fluctuations in the market price of minerals when estimating future cash flows (both undiscounted and discounted) used for determining whether a mining asset is impaire…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19ba2a4a8cefd658d4ec00b7f4fb87db98082f4a24902a2911c2c13d759e1f99","downloaded_from":"2026-09-10T00:08:42.644Z","last_downloaded_at":"2026-09-10T00:08:42.644Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477061","source_sha256":"661eb9f50407a63991616cdd7919e00c18777b1a373fc29f3fed0d7b68db3a28"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ffbf367f29b6a23b618cdc3a564cbd676a854fbe21342da6b473a8d7c9aec91b","downloaded_from":"2026-09-10T00:08:42.644Z","last_downloaded_at":"2026-09-10T00:08:42.644Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477061","source_sha256":"661eb9f50407a63991616cdd7919e00c18777b1a373fc29f3fed0d7b68db3a28"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3bd2756d2d6034276e4293bed0b025b15a71416894f24cc20a71301543c78f5d","downloaded_from":"2026-09-10T00:08:42.644Z","last_downloaded_at":"2026-09-10T00:08:42.644Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477061","source_sha256":"661eb9f50407a63991616cdd7919e00c18777b1a373fc29f3fed0d7b68db3a28"}}],"enrichment":{"summary":"This Subtopic gives mining-specific guidance on accounting for mineral rights and mining assets within Property, Plant, and Equipment. It clarifies that undeveloped land does not qualify for interest capitalization, how mineral resource asset current costs are measured when current cost disclosures are provided, and—most importantly—that impairment cash flow estimates for mining assets must include value beyond proven and probable reserves (with the related development and extraction outflows) and must reflect market-participant assumptions about mineral price fluctuations.","key_points":["Land not undergoing developmental activities necessary to ready it for its intended use is not a qualifying asset for interest capitalization (360-930-25-1; see 835-20-15-8).","When current costs are presented under Subtopic 255-10, the cost of mineral resource assets is determined by current market buying prices or by the current cost of finding and developing mineral reserves (360-930-25-2).","Cash flows associated with value beyond proven and probable reserves must be included in both undiscounted and discounted future cash flow estimates used to test a mining asset for impairment under 360-10-15-3 through 15-5 (360-930-35-1).","Those estimates must also include the estimated cash outflows required to develop and extract the value beyond proven and probable reserves (360-930-35-1).","An entity must consider anticipated fluctuations in mineral market prices, using estimates consistent with those of a market participant (360-930-35-2).","Entities generally should consider all available information—current prices, historical averages, and forward pricing curves—and it is generally inappropriate to use a single factor such as current price or a historical average as a surrogate for future prices (360-930-35-2).","Marketplace price assumptions should be consistent with the entity's operating plans and financial projections underlying other aspects of the impairment analysis, such as the amount and timing of production (360-930-35-2)."],"categories":["Impairment","Inventory and PP&E","Industry-specific","Subsequent measurement"],"audience_level":"intermediate","student_note":"The signature rule here is counterintuitive: even though \"value beyond proven and probable reserves\" is generally not recognized as a separate asset, its cash inflows (and the outflows to develop and extract it) are included in the impairment test cash flows for mining assets. Students also often wrongly assume a single spot price or historical average is an acceptable shortcut for future mineral prices—the guidance says a market participant would consider all available pricing information.","related_topics":["360-10","930-10","835-20","255-10","930-360","820-10"],"key_concepts":["mineral rights","value beyond proven and probable reserves","mining asset impairment","interest capitalization","qualifying asset","market participant assumptions","mineral price forecasts","current cost of mineral resource assets"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7308a2144c75806a3bb1dddd5075c59476d1fbb70da8cd02da62abd6ffef241f","downloaded_from":"2026-09-10T00:08:31.985Z","last_downloaded_at":"2026-09-10T00:08:42.644Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"805-930","title":"Extractive Activities—Mining","topic_title":"Business Combinations","score":0.7888,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f6bad8d42abffb8a0b8d333619d8d20d7c864c175b60b65a6491bac94f1f939","downloaded_from":"2026-09-10T01:26:18.388Z","last_downloaded_at":"2026-09-10T01:26:26.818Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"330-930","title":"Extractive Activities—Mining","topic_title":"Inventory","score":0.7133,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37b2b8f5d65bacb39ab062e70601cd0632f22ca9e9e12a83bf2b79bc594427ff","downloaded_from":"2026-09-09T23:52:57.013Z","last_downloaded_at":"2026-09-09T23:53:06.919Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"835-932","title":"Extractive Activities—Oil and Gas","topic_title":"Interest","score":0.6963,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5cf06d57ba7ec6ddbcbd2b8bc330accbbcecdf508f463a8a2308b23c872e2fc9","downloaded_from":"2026-09-10T01:50:54.044Z","last_downloaded_at":"2026-09-10T01:51:06.744Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-932","title":"Extractive Activities—Oil and Gas","topic_title":"Property, Plant, and 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Only exploration and development costs that relate directly to specific oil and gas reserves are capitalized; other costs are expensed, and exploratory well costs are held in uncompleted wells pending a determination of whether proved reserves were found. Capitalized proved property and well costs are amortized by the unit-of-production method, unproved properties are periodically assessed for impairment via a valuation allowance, and conveyances of mineral interests generally produce no gain when they are poolings of assets or involve substantial future performance obligations.","concepts":["successful efforts method","unproved and proved properties","exploratory well costs","sufficient progress criterion","unit-of-production amortization","valuation allowance for impairment","conveyances of mineral interests","stratigraphic test wells"],"categories":["Industry-specific","Inventory and PP&E","Impairment","Derecognition"],"level":"advanced","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-932-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Exploratory Well Amended Accounting Standards Update No. 2010-03 01/06/2010
Production Amended Accounting Standards Update No. 2010-03 01/06/2010
Properties Amended Accounting Standards Update No. 2010-03 01/06/2010
Proved Oil and Gas Reserves Amended Accounting Standards Update No. 2010-03 01/06/2010
Stratigraphic Test Well Amended Accounting Standards Update No. 2010-03 01/06/2010
932-360-25-3 Amended Maintenance Update 2014-20 (PDF) 09/29/2014
932-360-35-14 Amended Accounting Standards Update No. 2012-04 10/01/2012
932-360-50-1 Amended Accounting Standards Update No. 2010-03 01/06/2010
932-360-55-15 through 55-19 Superseded Accounting Standards Update No. 2012-04 10/01/2012
932-360-60-1 Added Accounting Standards Update No. 2012-04 10/01/2012
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nExploratory Well | Amended | Accounting Standards Update No. 2010-03 | 01/06/2010 |\nProd…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d60acf5c95cb2099cfef1ba3b6cee5661c364cdd597a78d4b048d9a9d955dd80","downloaded_from":"2026-09-10T00:08:46.669Z","last_downloaded_at":"2026-09-10T00:08:46.669Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477809","source_sha256":"11113223ecd7e77e8493f38813713cccec04fac46e500cc7c0790695e4773e7f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e9b9e8bc4a51f1c9a7c1aada638563dac08f5a2ebe9e424641ad5b7c520c24ed","downloaded_from":"2026-09-10T00:08:46.669Z","last_downloaded_at":"2026-09-10T00:08:46.669Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477809","source_sha256":"11113223ecd7e77e8493f38813713cccec04fac46e500cc7c0790695e4773e7f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:591317921e8f1fac252cc2cfc833aed886361e6896def87e861f9a58dac96b82","downloaded_from":"2026-09-10T00:08:46.669Z","last_downloaded_at":"2026-09-10T00:08:46.669Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477809","source_sha256":"11113223ecd7e77e8493f38813713cccec04fac46e500cc7c0790695e4773e7f"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-932-05-1","para":"05-1","html":"
This Subtopic addresses accounting and reporting for industry-specific property, plant, and equipment in the oil and gas industry. Property, plant, and equipment include:
  1. a
    Mineral interests in properties
  2. b
    Wells and related equipment and facilities
  3. c
    Support equipment and facilities
  4. d
    Uncompleted wells, equipment, and facilities.
","snippet":"This Subtopic addresses accounting and reporting for industry-specific property, plant, and equipment in the oil and gas industry. Property, plant, and equipment include:\n(a) Mineral interests in properties\n(b) Wells and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ec2454ee7b17094a2902f4060379becaacf126fdb951dc4b695f3297f62c6c1","downloaded_from":"2026-09-10T00:08:50.166Z","last_downloaded_at":"2026-09-10T00:08:50.166Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477647","source_sha256":"2c1f0401fa1f2f311224092cbfa30a31acf1b2c472bbe517a1ab7f985dc80d3c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6461383b2db7c4d422085753e59aaa5aeb9fc37702b58a73067803bbb3cfd50b","downloaded_from":"2026-09-10T00:08:50.166Z","last_downloaded_at":"2026-09-10T00:08:50.166Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477647","source_sha256":"2c1f0401fa1f2f311224092cbfa30a31acf1b2c472bbe517a1ab7f985dc80d3c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4702cf52905fda43a559abf60937320eeb296393f6893cc6ee58d1efb5a100d7","downloaded_from":"2026-09-10T00:08:50.166Z","last_downloaded_at":"2026-09-10T00:08:50.166Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477647","source_sha256":"2c1f0401fa1f2f311224092cbfa30a31acf1b2c472bbe517a1ab7f985dc80d3c"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"360-932-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 932-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 932-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3dff256bb23dd4e30390721de385812935474f1d1752283980f4ae0bc767f2a","downloaded_from":"2026-09-10T00:08:53.368Z","last_downloaded_at":"2026-09-10T00:08:53.368Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478750","source_sha256":"1f6d5595fd4405826bb946ef92319d493952b895e487939fee0060cb5d3f2c86"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3494b3da907e5684709171866606d20e37a2c6394ceb834dfc7ac7f6727be44","downloaded_from":"2026-09-10T00:08:53.368Z","last_downloaded_at":"2026-09-10T00:08:53.368Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478750","source_sha256":"1f6d5595fd4405826bb946ef92319d493952b895e487939fee0060cb5d3f2c86"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:22ef029b059b142d7f91f30d71cb6eeecb794ef75274c9add62bd883f8436507","downloaded_from":"2026-09-10T00:08:53.368Z","last_downloaded_at":"2026-09-10T00:08:53.368Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478750","source_sha256":"1f6d5595fd4405826bb946ef92319d493952b895e487939fee0060cb5d3f2c86"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Full Cost","paragraphs":[{"citation":"360-932-25-1","para":"25-1","html":"
Full cost accounting is addressed in the Securities and Exchange Commission (SEC) literature.
","snippet":"Full cost accounting is addressed in the Securities and Exchange Commission (SEC) literature.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c08049515518255c41204be8e0bc86cf3cebe8aff000c29a0c81396896725157","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:334ffeca172233ab671e79a5d4cbba028021c7929ef27bb2c85db6e8a8d08162","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"block":null,"heading":"Successful Efforts","paragraphs":[{"citation":"360-932-25-2","para":"25-2","html":"
The guidance in this Subtopic deals with accounting under a successful efforts method.
","snippet":"The guidance in this Subtopic deals with accounting under a successful efforts method.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5dff712af8dd2ff28adb7f308af3bef110fb397d6d54c17c38e47b048d5e0111","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-3","para":"25-3","html":"
Only those exploration costs and development costs that relate directly to specific oil and gas reserves are capitalized; costs that do not relate directly to specific reserves are charged to expense. The successful efforts method of accounting conforms to the traditional concept of the historical cost of an asset. Under the successful efforts method, certain types of costs may be capitalized as construction-in-progress pending further information about the existence of future benefits, but as soon as the additional information becomes available, and it is known whether future benefits exist, those costs are either reclassified as an amortizable asset or charged to expense.
","snippet":"Only those exploration costs and development costs that relate directly to specific oil and gas reserves are capitalized; costs that do not relate directly to specific reserves are charged to expense. The successful effo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3aa6ea6671e890f15d6f09775376254b01b7da8c1a24e458fbe06c088626f09c","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-4","para":"25-4","html":"
An entity's oil- and gas-producing activities involve certain special types of assets. Costs of those assets shall be capitalized when incurred. Those assets broadly defined are: mineral interests in properties, sometimes called properties; wells and related equipment and facilities; support equipment and facilities; and uncompleted wells, equipment, and facilities.
","snippet":"An entity's oil- and gas-producing activities involve certain special types of assets. Costs of those assets shall be capitalized when incurred. Those assets broadly defined are: mineral interests in properties, sometime…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3ed59863adfbfb214e6d232fda461010d05146e09727a2fdd26c479db3c246e7","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d12ede408ca3bfdf8210d795b0cfd79a89022f5e54f7a9cc43a8cb3f3e69de6a","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"block":null,"heading":"Accounting at the Time Costs Are Incurred","paragraphs":[{"citation":"360-932-25-5","para":"25-5","html":"
In the oil and gas industry, ultimately the expected future benefits that an entity is attempting to obtain through its acquisition, exploration, and development activities are represented by oil and gas reserves. But other than by purchasing minerals-in-place, an entity does not acquire reserves directly. Rather, it acquires properties (rights to extract any reserves that may be discovered in the future) and it acquires (develops) systems capable of producing the oil and gas reserves that are discovered.
","snippet":"In the oil and gas industry, ultimately the expected future benefits that an entity is attempting to obtain through its acquisition, exploration, and development activities are represented by oil and gas reserves. But ot…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ca9d423b26c84fd56ea42847c26be0042c43eed1adb9c628de5e7fc24ee644db","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-6","para":"25-6","html":"
The effect of paragraphs
932-360-25-7 through 25-16
, which deal with accounting at the time costs are incurred, is to recognize as assets all of the following:
  1. a
    Unproved properties
  2. b
    Proved properties
  3. c
    Wells and related equipment and facilities (which consist of all development costs plus the costs of drilling those exploratory wells and exploratory-type stratigraphic test wells that find proved reserves)
  4. d
    Support equipment and facilities used in oil- and gas-producing activities
  5. e
    Uncompleted wells, equipment, and facilities.
","snippet":"The effect of paragraphs 932-360-25-7 through 25-16, which deal with accounting at the time costs are incurred, is to recognize as assets all of the following:\n(a) Unproved properties\n(b) Proved properties\n(c) Wells and …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b08d099254b1fab98650f0abe40220c0c8a918dd2e9168ba8c78705a416dd767","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-7","para":"25-7","html":"
Costs incurred to purchase, lease, or otherwise acquire a property (whether unproved or proved) shall be capitalized when incurred. They include all of the following:
  1. a
    The costs of lease bonuses and options to purchase or lease properties
  2. b
    The portion of costs applicable to minerals when land including mineral rights is purchased in fee
  3. c
    Brokers' fees
  4. d
    Recording fees
  5. e
    Legal costs
  6. f
    Other costs incurred in acquiring properties.
","snippet":"Costs incurred to purchase, lease, or otherwise acquire a property (whether unproved or proved) shall be capitalized when incurred. They include all of the following:\n(a) The costs of lease bonuses and options to purchas…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c5b2d855190d5b6753c113642769470d7e892fdd7cffe5651be46e6324d90c8","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-8","para":"25-8","html":"
Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property.
","snippet":"Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:24cce4b61f9098f783177f91fe6678b3016864e929ecad274635a29d55467689","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-9","para":"25-9","html":"
All of the following are principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities (see paragraph 932-360-25-16) and other costs of exploration activities:
  1. a
    Costs of topographical, geological, and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, those are sometimes referred to as geological and geophysical costs.
  2. b
    Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on the properties, legal costs for title defense, and the maintenance of land and lease records.
  3. c
    Dry hole contributions and bottom hole contributions.
  4. d
    Costs of drilling and equipping exploratory wells.
  5. e
    Costs of drilling exploratory-type stratigraphic test wells. While the costs of drilling stratigraphic test wells are sometimes considered to be geological and geophysical costs, they are accounted for separately under this Subtopic for reasons explained in paragraphs
    932-360-25-17 through 25-18
    .
","snippet":"All of the following are principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities (see paragraph 932-360-25-16) and other costs of exploration ac…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a011412dc45e60f348ea341c1bfb8ff73d781a047fa1405fb223f40c2ecd4350","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-10","para":"25-10","html":"
The costs of drilling exploratory wells and the costs of drilling exploratory-type stratigraphic test wells shall be capitalized as part of the entity's uncompleted wells, equipment, and facilities pending determination of whether the well has found proved reserves.
","snippet":"The costs of drilling exploratory wells and the costs of drilling exploratory-type stratigraphic test wells shall be capitalized as part of the entity's uncompleted wells, equipment, and facilities pending determination …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:26388657ef27ee20b2a64dc07850db841cbe09f6c2736374da1426696d49f17a","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-11","para":"25-11","html":"
An entity sometimes conducts geological and geophysical studies and other exploration activities on a property owned by another party, in exchange for which the entity is contractually entitled to receive an interest in the property if proved reserves are found or to be reimbursed by the owner for the geological and geophysical and other costs incurred if proved reserves are not found. In that case, the entity conducting the geological and geophysical studies and other exploration activities shall account for those costs as a receivable when incurred and, if proved reserves are found, they shall become the cost of the proved property acquired.
","snippet":"An entity sometimes conducts geological and geophysical studies and other exploration activities on a property owned by another party, in exchange for which the entity is contractually entitled to receive an interest in …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:989b3c636cfb56e6b9c1e9eb2be55348bf7df2fe3ae65027b04e29b6fd762c13","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-12","para":"25-12","html":"
Development costs are incurred to obtain access to proved reserves and to provide facilities for extracting, treating, gathering, and storing the oil and gas.
","snippet":"Development costs are incurred to obtain access to proved reserves and to provide facilities for extracting, treating, gathering, and storing the oil and gas.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:42766092f00007ea41f061dafea3b64f004604bdc76121f14afcc93a3f403e8d","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-13","para":"25-13","html":"
More specifically, development costs, including depreciation and applicable operating costs of support equipment and facilities (see paragraph 932-360-25-16) and other costs of development activities, are costs incurred to:
  1. a
    Gain access to and prepare well locations for drilling, including all of the following:
    1. 1
      Surveying well locations for the purpose of determining specific development drilling sites
    2. 2
      Clearing ground
    3. 3
      Draining
    4. 4
      Road building
    5. 5
      Relocating public roads, gas lines, and power lines, to the extent necessary in developing the proved reserves.
  2. b
    Drill and equip development wells, development-type stratigraphic test wells, and service wells, including the costs of platforms and of well equipment such as:
    1. 1
      The wellhead assembly
    2. 2
      Pumping equipment
    3. 3
      Tubing
    4. 4
      Casing.
  3. c
    Acquire, construct, and install production facilities such as:
    1. 1
      Lease flow lines
    2. 2
      Separators
    3. 3
      Treaters
    4. 4
      Heaters
    5. 5
      Manifolds
    6. 6
      Measuring devices
    7. 7
      Production storage tanks
    8. 8
      Natural gas cycling and processing plants
    9. 9
      Utility and waste disposal systems.
  4. d
    Provide improved recovery systems.
","snippet":"More specifically, development costs, including depreciation and applicable operating costs of support equipment and facilities (see paragraph 932-360-25-16) and other costs of development activities, are costs incurred …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:114d5ef0953836d73a290c1519a534605fae7fa7599c4810ce677e38631a524d","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-14","para":"25-14","html":"
Development costs shall be capitalized as part of the cost of an entity's wells and related equipment and facilities. Thus, all costs incurred to drill and equip development wells, development-type stratigraphic test wells, and service wells are development costs and shall be capitalized, whether the well is successful or unsuccessful. Costs of drilling those wells and costs of constructing equipment and facilities shall be included in the entity's uncompleted wells, equipment, and facilities until drilling or construction is completed.
","snippet":"Development costs shall be capitalized as part of the cost of an entity's wells and related equipment and facilities. Thus, all costs incurred to drill and equip development wells, development-type stratigraphic test wel…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe86c1b691d530b3422196a985e5f5c6c20a5f8354c8aa075a97282f5d8b996c","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-15","para":"25-15","html":"
Production costs are those costs incurred to operate and maintain an entity's wells and related equipment and facilities, including depreciation and applicable operating costs of support equipment and facilities (see the following paragraph) and other costs of operating and maintaining those wells and related equipment and facilities. They become part of the cost of oil and gas produced. Examples of production costs (sometimes called lifting costs) are:
  1. a
    Costs of labor to operate the wells and related equipment and facilities
  2. b
    Repairs and maintenance
  3. c
    Materials, supplies, and fuel consumed and services utilized in operating the wells and related equipment and facilities
  4. d
    Property taxes and insurance applicable to proved properties and wells and related equipment and facilities
  5. e
    Severance taxes.
Depreciation, depletion, and amortization of capitalized acquisition, exploration, and development costs also become part of the cost of oil and gas produced along with production (lifting) costs identified in this paragraph.
","snippet":"Production costs are those costs incurred to operate and maintain an entity's wells and related equipment and facilities, including depreciation and applicable operating costs of support equipment and facilities (see the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2542a593555e7d7188bded5584851ad168e32b87d6c039a1b26f40985dea9a14","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-16","para":"25-16","html":"
The cost of acquiring or constructing support equipment and facilities used in oil- and gas-producing activities shall be capitalized. Examples of support equipment and facilities include:
  1. a
    Seismic equipment
  2. b
    Drilling equipment
  3. c
    Construction and grading equipment
  4. d
    Vehicles
  5. e
    Repair shops
  6. f
    Warehouses
  7. g
    Supply points
  8. h
    Camps
  9. i
    Division, district, or field offices.
Some support equipment or facilities are acquired or constructed for use exclusively in a single activity—exploration, development, or production. Other support equipment or facilities may serve two or more of those activities and may also serve the entity's transportation, refining, and marketing activities. To the extent that the support equipment and facilities are used in oil- and gas-producing activities, their depreciation and applicable operating costs become an exploration, development, or production cost, as appropriate.
","snippet":"The cost of acquiring or constructing support equipment and facilities used in oil- and gas-producing activities shall be capitalized. Examples of support equipment and facilities include:\n(a) Seismic equipment\n(b) Drill…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9def03bb14cce2916f8113255c1fe0e2c7c5c33c578a6052d37e0a24d0eda63d","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c82e7b5ae1a8bc184af5859606a0bc02244dfb8b7a4a2c96e9a75b0531c913c","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"block":null,"heading":"Stratigraphic Test Wells","paragraphs":[{"citation":"360-932-25-17","para":"25-17","html":"
Stratigraphic test wells are drilled to obtain information. They are not normally intended to be completed for hydrocarbon production and are customarily abandoned after drilling is completed and the information is obtained. Normally, stratigraphic test wells are drilled offshore to determine whether an offshore property contains sufficient reserves to justify the cost of constructing and installing a production platform and to determine where to locate such a platform.
","snippet":"Stratigraphic test wells are drilled to obtain information. They are not normally intended to be completed for hydrocarbon production and are customarily abandoned after drilling is completed and the information is obtai…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c3427ed6252eca245e33062ad222dda3e07669ef6b048c372c881694b2f7c83","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-18","para":"25-18","html":"
Stratigraphic test wells are divided into two types—exploratory-type and development-type—and the standards of accounting for the two types parallel the accounting for exploratory wells and development wells, respectively. Thus, an exploratory-type stratigraphic test well is accounted for in a manner similar to an exploratory well drilled in an area requiring a major capital expenditure before production could begin (see paragraph 932-360-25-10). The costs of drilling the exploratory-type stratigraphic test well are capitalized pending determination of whether proved reserves are found, subject to the condition that those costs shall not continue to be carried as assets if the entity is not making sufficient progress assessing the reserves and the economic and operating viability of the project or if the quantity of reserves found would not justify completion of the well for production had it not been simply a stratigraphic test well. Thus if an exploratory-type stratigraphic test well discovers reserves that are classified as proved and facilities are to be installed to produce those reserves, the cost of the exploratory-type stratigraphic test well is accounted for as part of the cost of the facilities even though the particular well itself may be abandoned. Accounting for the other type of stratigraphic test well—development-type—is identical to accounting for development wells and other development costs generally: capitalize as part of the cost of an entity's wells and related equipment and facilities (as discussed in paragraph 932-360-25-14).
","snippet":"Stratigraphic test wells are divided into two types—exploratory-type and development-type—and the standards of accounting for the two types parallel the accounting for exploratory wells and development wells, respectivel…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ab5921b3708ce52c64714a49727761b233ad2ab4a9de387e897d8d5df31b8cd1","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:982e22f697ef9cb21a53f47e3569f504f64303e5073cc704ff3e144499c38b72","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"block":null,"heading":"Links to Other Relevant Topics","paragraphs":[{"citation":"360-932-25-19","para":"25-19","html":"
Land that is not undergoing developmental activities necessary to get it ready for its intended use is not an asset qualifying for interest capitalization. See paragraph 835-20-15-8 for the criteria and methods for capitalizing interest costs.
","snippet":"Land that is not undergoing developmental activities necessary to get it ready for its intended use is not an asset qualifying for interest capitalization. See paragraph 835-20-15-8 for the criteria and methods for capit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a042f54469c9aad1e33e956b46885204dd41c11b7f33ee94dbac8243d0b7eac","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"citation":"360-932-25-20","para":"25-20","html":"
See Section 255-10-50 for methods of determining discounted future net cash flows relating to proved oil and gas reserve quantities.
","snippet":"See Section 255-10-50 for methods of determining discounted future net cash flows relating to proved oil and gas reserve quantities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7bbe05ee3b827b2bb445cd8ae598f673471a3ba750a7a55c8329d3f71ad8bc56","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7cba0650d8eb07811bae22721d78c4ddd4b407cb1e0486597950994942418430","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:15d405219cc77a078577bcf57fe4d2ff3422a253ef2315e8a8794fa2cd571dcf","downloaded_from":"2026-09-10T00:08:59.239Z","last_downloaded_at":"2026-09-10T00:08:59.239Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478083","source_sha256":"ca8f999573b352ab2970d077f39a5f2bf3b75a0f47ccb5958e68bb9492aaaf14"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Successful Efforts","paragraphs":[{"citation":"360-932-35-1","para":"35-1","html":"
The following guidance addresses successful efforts accounting. The Securities and Exchange Commission (SEC) literature addresses full cost accounting issues.
","snippet":"The following guidance addresses successful efforts accounting. The Securities and Exchange Commission (SEC) literature addresses full cost accounting issues.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:718d05b1833fbfc9ea587a7b832566189d3c46c63556e4aa07e1a7ba0a9fcbfe","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-2","para":"35-2","html":"
This Section deals with disposition of the costs of assets (see paragraphs
932-360-25-5 through 25-14
and
932-360-25-16 through 25-17
) after capitalization. Among other things, those paragraphs provide that the acquisition costs of proved properties and the costs of wells and related equipment and facilities shall be amortized (see paragraphs
932-360-35-3 through 35-7
) to become part of the cost of oil and gas produced; that impairment (see paragraphs 932-360-35-11 and
932-360-35-16 through 35-18
) of unproved properties shall be recognized; and that unproved properties shall be reclassified to proved (see paragraph 932-360-35-15) or expensed (see Section 932-360-40) subject to sufficient progress (see paragraph 932-360-35-18) being made toward proving the reserves.
","snippet":"This Section deals with disposition of the costs of assets (see paragraphs 932-360-25-5 through 25-14 and 932-360-25-16 through 25-17) after capitalization. Among other things, those paragraphs provide that the acquisiti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2845c66a43a81b074a22ead26d045293d8bd07ab0357db42e680016da31ff720","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-3","para":"35-3","html":"
The costs of an entity's wells and related equipment and facilities and the costs of the related proved properties shall be amortized as the related oil and gas reserves are produced. That amortization plus production (lifting) costs become part of the cost of oil and gas produced. Estimated residual salvage values shall be taken into account in determining amortization and depreciation rates.
","snippet":"The costs of an entity's wells and related equipment and facilities and the costs of the related proved properties shall be amortized as the related oil and gas reserves are produced. That amortization plus production (l…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:254436bbd63cec07d2556c853a0de25fcef6d3bbb59db236457d0eed71f89627","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-4","para":"35-4","html":"
Depreciation of support equipment and facilities used in oil- and gas-producing activities shall be accounted for as exploration cost, development cost, or production cost, as appropriate (see paragraph 932-360-25-16).
","snippet":"Depreciation of support equipment and facilities used in oil- and gas-producing activities shall be accounted for as exploration cost, development cost, or production cost, as appropriate (see paragraph 932-360-25-16).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a2ec310d9d4258ff45eaa0aef68623bdb7c36ffe24727aa128d0719755e59bde","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-5","para":"35-5","html":"
The unit-of-production method of amortization requires that the total number of units of oil or gas reserves in a property or group of properties be estimated and that the number of units produced in the current period be determined. Many properties contain both oil and gas reserves. In those cases, the oil and gas reserves and the oil and gas produced shall be converted to a common unit of measure on the basis of their approximate relative energy content (without considering their relative sales values). However, if the relative proportion of gas and oil extracted in the current period is expected to continue throughout the remaining productive life of the property, unit-of-production amortization may be computed on the basis of one of the two minerals only; similarly, if either oil or gas clearly dominates both the reserves and the current production (with dominance determined on the basis of relative energy content), unit-of-production amortization may be computed on the basis of the dominant mineral only.
","snippet":"The unit-of-production method of amortization requires that the total number of units of oil or gas reserves in a property or group of properties be estimated and that the number of units produced in the current period b…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:86795ca667334d12acf58bfe1cf3356651a96bb2c734ecba8b80680f9bceb765","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-6","para":"35-6","html":"
Capitalized acquisition costs of proved properties shall be amortized (depleted) by the unit-of-production method so that each unit produced is assigned a pro rata portion of the unamortized acquisition costs. Under the unit-of-production method, amortization (depletion) may be computed either on a property-by-property basis or on the basis of some reasonable aggregation of properties with a common geological structural feature or stratigraphic condition, such as a reservoir or field. When an entity has a relatively large number of royalty interests whose acquisition costs are not individually significant, they may be aggregated, for the purpose of computing amortization, without regard to commonality of geological structural features or stratigraphic conditions; if information is not available to estimate reserve quantities applicable to royalty interests owned (see paragraph 932-235-50-4), a method other than the unit-of-production method may be used to amortize their acquisition costs. The unit cost shall be computed on the basis of the total estimated units of proved oil and gas reserves. (Joint production of both oil and gas is discussed in the preceding paragraph.) Unit-of-production amortization rates shall be revised whenever there is an indication of the need for revision but at least once a year; those revisions shall be accounted for prospectively as changes in accounting estimates (see paragraphs
250-10-45-17 through 45-20
).
","snippet":"Capitalized acquisition costs of proved properties shall be amortized (depleted) by the unit-of-production method so that each unit produced is assigned a pro rata portion of the unamortized acquisition costs. Under the …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49665d1409e9fe8ee3c53fc4c3d1ed8e5474a1b3fd6a7980b069942fa4b135ee","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-7","para":"35-7","html":"
Capitalized costs of exploratory wells and exploratory-type stratigraphic test wells that have found proved reserves and capitalized development costs shall be amortized (depreciated) by the unit-of-production method so that each unit produced is assigned a pro rata portion of the unamortized costs. It may be more appropriate, in some cases, to depreciate natural gas cycling and processing plants by a method other than the unit-of-production method. Under the unit-of-production method, amortization (depreciation) may be computed either on a property-by-property basis or on the basis of some reasonable aggregation of properties with a common geological structural feature or stratigraphic condition, such as a reservoir or field. The unit cost shall be computed on the basis of the total estimated units of proved developed reserves, rather than on the basis of all proved reserves, which is the basis for amortizing acquisition costs of proved properties. If significant development costs (such as the cost of an off-shore production platform) are incurred in connection with a planned group of development wells before all of the planned wells have been drilled, it shall be necessary to exclude a portion of those development costs in determining the unit-of-production amortization rate until the additional development wells are drilled. Similarly it shall be necessary to exclude, in computing the amortization rate, those proved developed reserves that will be produced only after significant additional development costs are incurred, such as for improved recovery systems. However, in no case shall future development costs be anticipated in computing the amortization rate. (Joint production of both oil and gas is discussed in paragraph 932-360-35-5.) Unit-of-production amortization rates shall be revised whenever there is an indication of the need for revision but at least once a year; those revisions shall be accounted for prospectively as changes in accounting estimates (see paragraphs
250-10-45-17 through 45-20
).
","snippet":"Capitalized costs of exploratory wells and exploratory-type stratigraphic test wells that have found proved reserves and capitalized development costs shall be amortized (depreciated) by the unit-of-production method so …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e4c23d70cf977dba90fa7611e2917c845d6bc185cce6b1c2bbe87e1875e9a89","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-8","para":"35-8","html":"
Typically the evaluation of oil and gas producing properties is on a field-by-field basis or by logical grouping of assets if there is a significant shared infrastructure (for example, platform). The undiscounted future cash flows shall be based on total proved and risk-adjusted probable and possible reserves. That assessment shall be based on the carrying amount of the asset (asset group) at the date it is tested for recoverability. The impairment loss shall be measured as the amount by which the carrying amount of a long-lived asset (asset group) exceeds its fair value.
","snippet":"Typically the evaluation of oil and gas producing properties is on a field-by-field basis or by logical grouping of assets if there is a significant shared infrastructure (for example, platform). The undiscounted future …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:71c04ade4383b5fd890955f4938caf07ddadce0fac8fbf8b120b0e29ada92215","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-9","para":"35-9","html":"
The following paragraphs provide guidance specific to the oil and gas industry on asset impairment. However the general rules (see the Impairment or Disposal of Long-Lived Assets Subsection of Section 360-10-15 and the Impairment or Disposal of Long-Lived Assets Subsection of Section 360-10-35) for asset impairment shall also be followed.
","snippet":"The following paragraphs provide guidance specific to the oil and gas industry on asset impairment. However the general rules (see the Impairment or Disposal of Long-Lived Assets Subsection of Section 360-10-15 and the I…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bd797e41db3c52f2b3e78de1cfdba1d4a3cce5acb0cd4fd8812cb834ca732383","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-10","para":"35-10","html":"
See paragraphs
360-10-35-15 through 35-49
for impairment standards applicable to the costs of an entity's wells and related equipment and facilities and the costs of the related proved properties.
","snippet":"See paragraphs 360-10-35-15 through 35-49 for impairment standards applicable to the costs of an entity's wells and related equipment and facilities and the costs of the related proved properties.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fed4dd0b2c4698797d870e8ad79a72e6823a4873648c189e61121d5dc77c135","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-11","para":"35-11","html":"
Unproved properties shall be assessed periodically to determine whether they have been impaired. A property would likely be impaired, for example, if a dry hole has been drilled on it and the entity has no firm plans to continue drilling. Also, the likelihood of partial or total impairment of a property increases as the expiration of the lease term approaches if drilling activity has not commenced on the property or on nearby properties. If the results of the assessment indicate impairment, a loss shall be recognized by providing a valuation allowance. Impairment of individual unproved properties whose acquisition costs are relatively significant shall be assessed on a property-by-property basis, and an indicated loss shall be recognized by providing a valuation allowance. When an entity has a relatively large number of unproved properties whose acquisition costs are not individually significant, it may not be practical to assess impairment on a property-by-property basis, in which case the amount of loss to be recognized and the amount of the valuation allowance needed to provide for impairment of those properties shall be determined by amortizing those properties, either in the aggregate or by groups, on the basis of the experience of the entity in similar situations and other information about such factors as the primary lease terms of those properties, the average holding period of unproved properties, and the relative proportion of such properties on which proved reserves have been found in the past.
","snippet":"Unproved properties shall be assessed periodically to determine whether they have been impaired. A property would likely be impaired, for example, if a dry hole has been drilled on it and the entity has no firm plans to …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:affddba15787882bb70ff2233ca3843793cb68ccc27e8879c56bbcb863d631bf","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-12","para":"35-12","html":"
The impairment provisions relating to unproved properties referred to in paragraphs 932-360-35-11, 932-360-35-19,
932-360-40-1 through 40-2
, and
932-360-55-8 through 55-9
remain applicable to unproved properties.
","snippet":"The impairment provisions relating to unproved properties referred to in paragraphs 932-360-35-11, 932-360-35-19, 932-360-40-1 through 40-2, and 932-360-55-8 through 55-9 remain applicable to unproved properties.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a71fc984e3086944419477cb1f021248c15427ce2c3d6860a9cee30d2595888e","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-13","para":"35-13","html":"
If the sufficient progress criteria (see paragraphs
932-360-35-18 through 35-20
)is not met, or if an entity obtains information that raises substantial doubt about the economic or operational viability of the project, the exploratory well or exploratory-type stratigraphic well shall be assumed to be impaired and its costs, net of any salvage value, shall be charged to expense. Further, an entity shall not continue to capitalize exploratory well costs on the chance that either of the following might occur:
  1. a
    Current market conditions will change (for example, an increase in the market price of oil or gas).
  2. b
    Technology will be developed to make the development of the project economically and operationally viable.
","snippet":"If the sufficient progress criteria (see paragraphs 932-360-35-18 through 35-20)is not met, or if an entity obtains information that raises substantial doubt about the economic or operational viability of the project, th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d957dbebb6ce0fd4ff6a1a913e390965c662fee15b3d8b415fe2c691d8d3379e","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-14","para":"35-14","html":"
An illustration of specialized equipment impairment can be seen in Example 12 (see paragraphs
360-10-55-50 through 55-54
).
","snippet":"An illustration of specialized equipment impairment can be seen in Example 12 (see paragraphs 360-10-55-50 through 55-54).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9a3aeb58f55eb104ee870598cfe8a24a4a1cbc4258af19b22d9b7f5fdbf7651a","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-15","para":"35-15","html":"
A property shall be reclassified from unproved properties to proved properties when proved reserves are discovered on or otherwise attributed to the property; occasionally, a single property, such as a foreign lease or concession, covers so vast an area that only the portion of the property to which the proved reserves relate—determined on the basis of geological structural features or stratigraphic conditions—shall be reclassified from unproved to proved. For a property whose impairment has been assessed individually in accordance with paragraph 932-360-35-11, the net carrying amount (acquisition cost minus valuation allowance) shall be reclassified to proved properties; for properties amortized by providing a valuation allowance on a group basis, the gross acquisition cost shall be reclassified.
","snippet":"A property shall be reclassified from unproved properties to proved properties when proved reserves are discovered on or otherwise attributed to the property; occasionally, a single property, such as a foreign lease or c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8b1003b79fbf383b79a525f8c308333343a0a583dd561f78e54967d8f9c9fc8f","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-16","para":"35-16","html":"
As specified in paragraph 932-360-25-10, the costs of drilling an exploratory well or an exploratory-type stratigraphic well shall be capitalized as part of the entity's uncompleted wells, equipment, and facilities pending the determination of whether the well has found proved reserves.
","snippet":"As specified in paragraph 932-360-25-10, the costs of drilling an exploratory well or an exploratory-type stratigraphic well shall be capitalized as part of the entity's uncompleted wells, equipment, and facilities pendi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3722878a312d62a93b258ca90dc4ff68277d976625e3390a6594e3ed87f33103","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-17","para":"35-17","html":"
If proved reserves are found, the capitalized costs of drilling the well shall be reclassified as part of the costs of the entity's wells and related equipment and facilities at that time (even though the well may not be completed as a producing well). If proved reserves are not found, the capitalized costs of drilling the well shall be charged to expense.
","snippet":"If proved reserves are found, the capitalized costs of drilling the well shall be reclassified as part of the costs of the entity's wells and related equipment and facilities at that time (even though the well may not be…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11022fdb8c6f6e6522ff75efc84e76155920d9705106487ae17075c5f891ab4d","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-18","para":"35-18","html":"
An exploratory well or an exploratory-type stratigraphic well may be determined to have found oil and gas reserves, but those reserves cannot be classified as proved when drilling is completed. In those cases, the capitalized drilling costs shall continue to be capitalized if the well has found a sufficient quantity of reserves to justify its completion as a producing well and the entity is making sufficient progress assessing the reserves and the economic and operating viability of the project. Note that an entity is not required to complete the exploratory or exploratory-type stratigraphic well as a producing well. For purposes of determining whether capitalized drilling costs shall continue to be capitalized pending the determination of proved reserves, a project may include more than one exploratory well or exploratory-type stratigraphic well if the reserves are intended to be extracted in a single, integrated producing operation (for example, the producing wells will operate with shared infrastructure).
","snippet":"An exploratory well or an exploratory-type stratigraphic well may be determined to have found oil and gas reserves, but those reserves cannot be classified as proved when drilling is completed. In those cases, the capita…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:687069d0f3695ec8f657640a4f9113deee3aea1de5bcf9545c318e6de534d912","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-19","para":"35-19","html":"
All relevant facts and circumstances shall be evaluated when determining whether an entity is making sufficient progress on assessing the reserves and the economic and operating viability of the project. The following are some indicators, among others, that an entity is making sufficient progress (see the following paragraph). No single indicator is determinative. An entity shall evaluate indicators in conjunction with all other relevant facts and circumstances. These indicators include:
  1. a
    Commitment of project personnel who are at the appropriate levels and who have the appropriate skills
  2. b
    Costs that are being incurred to assess the reserves and their potential development
  3. c
    An assessment process covering the economic, legal, political, and environmental aspects of the potential development is in progress
  4. d
    Existence (or active negotiations) of sales contracts with customers for the oil and gas
  5. e
    Existence (or active negotiations) of agreements with governments, lenders, and venture partners
  6. f
    Outstanding requests for proposals for development of any required facilities
  7. g
    Existence of firm plans, established timetables, or contractual commitments, which may include seismic testing and drilling of additional exploratory wells
  8. h
    Progress that is being made on contractual arrangements that will permit future development
  9. i
    Identification of existing transportation and other infrastructure that is or will be available for the project (subject to negotiations for use).
Long delays in the assessment or development plan (whether anticipated or unexpected) may raise doubts about whether the entity is making sufficient progress to continue the capitalization of exploratory well or exploratory-type stratigraphic well costs after the completion of drilling. The longer the assessment process for the reserves and the project, the more difficult it is to conclude that the entity is making sufficient progress to continue the capitalization of those exploratory well or exploratory-type stratigraphic well costs.
","snippet":"All relevant facts and circumstances shall be evaluated when determining whether an entity is making sufficient progress on assessing the reserves and the economic and operating viability of the project. The following ar…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d91879138fe01932285d170f0a50a814c17b5a83a82d6fabcc8efb94e6f39d8e","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-20","para":"35-20","html":"
If an entity has not engaged in substantial activities to assess the reserves or the development of the project in a reasonable period of time after the drilling of the well is completed or activities have been suspended, any capitalized costs associated with that well shall be expensed net of any salvage value. After a reasonable period of time, the planning of future activities without engaging in substantial activities shall not be sufficient to continue the capitalization of exploratory well or exploratory-type stratigraphic well costs. However, brief interruptions in activities required to assess the reserves or the project, or other delays resulting from governmental or other third-party evaluation of a proposed project, do not require capitalized exploratory well or exploratory-type stratigraphic well costs to be expensed.
","snippet":"If an entity has not engaged in substantial activities to assess the reserves or the development of the project in a reasonable period of time after the drilling of the well is completed or activities have been suspended…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:75615b28d65571ec5f01093dc0e50d01615e58911bff2986cd6421beaf742e10","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"citation":"360-932-35-21","para":"35-21","html":"
Information that becomes available after the end of the period covered by the financial statements but before those financial statements are issued or are available to be issued (as discussed in Section 855-10-25) shall be taken into account in evaluating conditions that existed at the balance sheet date, for example, in assessing unproved properties (see paragraph 932-360-35-11) and in determining whether an exploratory well or exploratory-type stratigraphic test well had found proved reserves (see paragraphs
932-360-35-18 through 35-20
).
","snippet":"Information that becomes available after the end of the period covered by the financial statements but before those financial statements are issued or are available to be issued (as discussed in Section 855-10-25) shall …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19aec2f0e32c408aa81f444d66994ee9c69735603e779465df5f7ed544a77934","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d8d0e8975de218a9031ed05bea158557cef169ad09a9c53b951118ba4ce40c6f","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5b7de9e67bb00f38b350f57aef01a84bbcc61ab8a4a3ab5d32a0691b22b6e052","downloaded_from":"2026-09-10T00:09:03.187Z","last_downloaded_at":"2026-09-10T00:09:03.187Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477638","source_sha256":"03f40e562781bcbf4c3fab9a5454e1a74cb07349b5bd118d22da5128afb29ed2"}},{"number":"40","label":"40 Derecognition","anchor":"40-derecognition","is_sec":false,"groups":[{"block":null,"heading":"Surrender or Abandonment of Properties","paragraphs":[{"citation":"360-932-40-1","para":"40-1","html":"
When an unproved property is surrendered, abandoned, or otherwise deemed worthless, capitalized acquisition costs relating thereto shall be charged against the related allowance for impairment to the extent an allowance has been provided; if the allowance previously provided is inadequate, a loss shall be recognized (see Topic 410 for asset retirement obligations).
","snippet":"When an unproved property is surrendered, abandoned, or otherwise deemed worthless, capitalized acquisition costs relating thereto shall be charged against the related allowance for impairment to the extent an allowance …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f2e8a43763ab9d40cc0c33cfc2cddcc029bcef168a8594e0b1ac583caf65e23","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}},{"citation":"360-932-40-2","para":"40-2","html":"
If a well has not found proved reserves, the capitalized costs of drilling the well, net of any salvage value, shall be charged to expense. The costs of an exploratory well or exploratory-type stratigraphic test well shall be charged to expense if the well is determined not to have found proved reserves.
","snippet":"If a well has not found proved reserves, the capitalized costs of drilling the well, net of any salvage value, shall be charged to expense. The costs of an exploratory well or exploratory-type stratigraphic test well sha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:258aa4c8ad4f466b07c6bd7d09d09c994e7bd131aef30af3cb41928ef16c5554","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}},{"citation":"360-932-40-3","para":"40-3","html":"
Normally, no gain or loss shall be recognized if only an individual well or individual item of equipment is abandoned or retired or if only a single lease or other part of a group of proved properties constituting the amortization base is abandoned or retired as long as the remainder of the property or group of properties continues to produce oil or gas. Instead, the asset being abandoned or retired shall be deemed to be fully amortized, and its cost shall be charged to accumulated depreciation, depletion, or amortization. When the last well on an individual property (if that is the amortization base) or group of properties (if amortization is determined on the basis of an aggregation of properties with a common geological structure) ceases to produce and the entire property or property group is abandoned, gain or loss shall be recognized. Occasionally, the partial abandonment or retirement of a proved property or group of proved properties or the abandonment or retirement of wells or related equipment or facilities may result from a catastrophic event or other major abnormality. In those cases, a loss shall be recognized at the time of abandonment or retirement.
","snippet":"Normally, no gain or loss shall be recognized if only an individual well or individual item of equipment is abandoned or retired or if only a single lease or other part of a group of proved properties constituting the am…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a8672fc0a0d0c91acba383b0be82a814efff0b25e23c2ad670e07b1c917572f","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e9573884c22e1f7af0bc4cd2124d688904db9c202e45d31235b1935307891cab","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}},{"block":null,"heading":"Mineral Property Conveyances and Related Transactions","paragraphs":[{"citation":"360-932-40-4","para":"40-4","html":"
Mineral interests in properties are frequently conveyed to others for a variety of reasons, including the desire to spread risks, to obtain financing, to improve operating efficiency, and to achieve tax benefits. Conveyances of those interests may involve the transfer of all or a part of the rights and responsibilities of operating a property (operating interest). The transferor may or may not retain an interest in the oil and gas produced that is free of the responsibilities and costs of operating the property (a nonoperating interest). A transaction may, on the other hand, involve the transfer of a nonoperating interest to another party and retention of the operating interest.
","snippet":"Mineral interests in properties are frequently conveyed to others for a variety of reasons, including the desire to spread risks, to obtain financing, to improve operating efficiency, and to achieve tax benefits. Conveya…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e05df3bf07323ba6923fab8ee42638e58a1ef521ae3fe5847d4ef0188e66fc4","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}},{"citation":"360-932-40-5","para":"40-5","html":"
Implementation guidance for different types of conveyances can be found in paragraphs
932-360-55-2 through 55-14
.
","snippet":"Implementation guidance for different types of conveyances can be found in paragraphs 932-360-55-2 through 55-14.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e46335fe37d509a3759f070f8cb9ed248698772ab1d682aee59c6005b5973444","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}},{"citation":"360-932-40-6","para":"40-6","html":"
Certain conveyance transactions are in substance borrowings repayable in cash or its equivalent and shall be accounted for as borrowings (see paragraph 932-470-25-1).
","snippet":"Certain conveyance transactions are in substance borrowings repayable in cash or its equivalent and shall be accounted for as borrowings (see paragraph 932-470-25-1).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f1ab4e2251d47c47c60807863134aa5651d688b9ede64df0377911263e6b5ade","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}},{"citation":"360-932-40-7","para":"40-7","html":"
In a pooling of assets in a joint undertaking intended to find, develop, or produce oil or gas from a particular property or group of properties, gain or loss shall not be recognized at the time of the conveyance.
","snippet":"In a pooling of assets in a joint undertaking intended to find, develop, or produce oil or gas from a particular property or group of properties, gain or loss shall not be recognized at the time of the conveyance.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f7e1fdf9b5cd67c0e7bc81cf488d8c40713728c699824706792179ed68c52350","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}},{"citation":"360-932-40-8","para":"40-8","html":"
In both of the following types of conveyances, gain shall not be recognized at the time of the conveyance (see paragraphs
932-360-55-2 through 55-8
):
  1. a
    A part of an interest owned is sold and substantial uncertainty exists about recovery of the costs applicable to the retained interest.
  2. b
    A part of an interest owned is sold and the seller has a substantial obligation for future performance, such as an obligation to drill a well or to operate the property without proportional reimbursement for that portion of the drilling or operating costs applicable to the interest sold.
","snippet":"In both of the following types of conveyances, gain shall not be recognized at the time of the conveyance (see paragraphs 932-360-55-2 through 55-8):\n(a) A part of an interest owned is sold and substantial uncertainty ex…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cbd58e71cbcde7d02482084d5ce2de76d11998712c0492f137d706f4d590ef67","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}},{"citation":"360-932-40-9","para":"40-9","html":"
If a conveyance is not one of the types described in paragraphs
932-360-40-7 through 40-8
, gain or loss shall be recognized unless there are other aspects of the transaction that would prohibit such recognition under accounting principles applicable to entities in general (see paragraphs
932-360-55-8 through 55-14
).
","snippet":"If a conveyance is not one of the types described in paragraphs 932-360-40-7 through 40-8, gain or loss shall be recognized unless there are other aspects of the transaction that would prohibit such recognition under acc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9eb565ce77195336a13f7c9326a529c1b94a25f122bfd09bd38141a3e15a5114","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:82afa5433f64b63ae8445f665ee8b929f7d237f5ac548990301396316ed41b99","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}},{"block":null,"heading":"Completed Exploratory Well Information Available after Balance Sheet Date","paragraphs":[{"citation":"360-932-40-10","para":"40-10","html":"
If an exploratory well or exploratory-type stratigraphic test well is in progress at the end of a period and the well is determined not to have found proved reserves before the financial statements for that period are issued or are available to be issued (as discussed in Section 855-10-25), the costs incurred through the end of the period, net of any salvage value, shall be charged to expense for that period. Previously issued financial statements shall not be retroactively restated.
","snippet":"If an exploratory well or exploratory-type stratigraphic test well is in progress at the end of a period and the well is determined not to have found proved reserves before the financial statements for that period are is…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f1b65677e52b7b7584878a16ee456729c743d039af5aafd4910e14061d63b52d","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:24a45fef0f86572e137da27fa0f237bd4ec1693e1db8b49ed3aa1a5b829c7eec","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cbd33576fc4108dbfe504cd1419c399ebceec3ec53363e1694fb4281f682d434","downloaded_from":"2026-09-10T00:09:06.510Z","last_downloaded_at":"2026-09-10T00:09:06.510Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477487","source_sha256":"6e8930bed4e5aff9dd4108e946c53133f6fa5dbd3cb68763d973cffacdcdb5af"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-932-50-1","para":"50-1","html":"
Section 932-235-50 provides various disclosure requirements for oil and gas properties, including:
  1. a
    Proved oil and gas reserve quantities (see paragraphs 932-235-50-3 through 50-11B)
  2. b
    Capitalized costs (see paragraphs
    932-235-50-12 through 50-15
    )
  3. c
    Continued capitalization (see paragraph 932-235-50-1B)
  4. d
    Costs incurred for property acquisition exploration and development activities (see paragraphs
    932-235-50-17 through 50-20
    )
  5. e
    Standardized measure of discounted future cash flows (see paragraphs
    932-235-50-29 through 50-33
    )
  6. f
    Change in standardized discounted cash flows (see paragraphs
    932-235-50-34 through 50-36
    ).
","snippet":"Section 932-235-50 provides various disclosure requirements for oil and gas properties, including:\n(a) Proved oil and gas reserve quantities (see paragraphs 932-235-50-3 through 50-11B)\n(b) Capitalized costs (see paragra…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c3bb522d259f330785b09bc2cddb2dd256ca0936899b030e6e574afc5857c22","downloaded_from":"2026-09-10T00:09:08.918Z","last_downloaded_at":"2026-09-10T00:09:08.918Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478810","source_sha256":"222eaf7620361b61882b9a94035ed0bb6dffba0f0393720ae0b667b03b33ef4b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a3c603b56c040eefc846d87683f4f51f4d9acbc6f2a37f91da601b5c9d98da15","downloaded_from":"2026-09-10T00:09:08.918Z","last_downloaded_at":"2026-09-10T00:09:08.918Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478810","source_sha256":"222eaf7620361b61882b9a94035ed0bb6dffba0f0393720ae0b667b03b33ef4b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae9d588603a0a56677695e5a104a1880a9b1dc9fad05a14050bb3b28ee18f6fd","downloaded_from":"2026-09-10T00:09:08.918Z","last_downloaded_at":"2026-09-10T00:09:08.918Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478810","source_sha256":"222eaf7620361b61882b9a94035ed0bb6dffba0f0393720ae0b667b03b33ef4b"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"360-932-55-1","para":"55-1","html":"
In accordance with paragraphs
932-360-40-4 through 40-9
, the following types of transactions shall be accounted for as indicated in each Example. No attempt has been made to include the many variations of those arrangements that occur, but those paragraphs shall, where applicable, determine the accounting for those other arrangements as well.
","snippet":"In accordance with paragraphs 932-360-40-4 through 40-9, the following types of transactions shall be accounted for as indicated in each Example. No attempt has been made to include the many variations of those arrangeme…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c9103c00fb9f45aa2849932942e5f770ffed92906f21c73a455387dd67542055","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-2","para":"55-2","html":"
Some production payments differ from those described in paragraph 932-470-25-1 in that the seller's obligation is not expressed in monetary terms but as an obligation to deliver, free and clear of all expenses associated with operation of the property, a specified quantity of oil or gas to the purchaser out of a specified share of future production. Such a transaction is a sale of a mineral interest for which gain shall not be recognized because the seller has a substantial obligation for future performance. The seller shall account for the funds received as unearned revenue to be recognized as the oil or gas is delivered. The purchaser of such a production payment has acquired an interest in a mineral property that shall be recorded at cost and amortized by the unit-of-production method as delivery takes place. The related reserve estimates and production data shall be reported as those of the purchaser of the production payment and not of the seller (see paragraphs
932-235-50-4 through 50-11
).
","snippet":"Some production payments differ from those described in paragraph 932-470-25-1 in that the seller's obligation is not expressed in monetary terms but as an obligation to deliver, free and clear of all expenses associated…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d8ee4a63805c6e8558f38eb07c15f6318ac3286fd8b413bc965f9e1b0ef11af7","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-3","para":"55-3","html":"
An assignment of the operating interest in an unproved property with retention of a nonoperating interest in return for drilling, development, and operation by the assignee is a pooling of assets in a joint undertaking for which the assignor shall not recognize gain or loss. The assignor's cost of the original interest shall become the cost of the interest retained. The assignee shall account for all costs incurred as specified by Sections 932-360-25 and 932-360-35 and shall allocate none of those costs to the mineral interest acquired. If oil or gas is discovered, each party shall report its share of reserves and production (see paragraphs
932-235-50-4 through 50-11
).
","snippet":"An assignment of the operating interest in an unproved property with retention of a nonoperating interest in return for drilling, development, and operation by the assignee is a pooling of assets in a joint undertaking f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:39e897fccaf9ae3b0af5429e85118002288cb0b57187d0c2f66c224c839991f9","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-4","para":"55-4","html":"
An assignment of a part of an operating interest in an unproved property in exchange for a free well with provision for joint ownership and operation is a pooling of assets in a joint undertaking by the parties. The assignor shall record no cost for the obligatory well; the assignee shall record no cost for the mineral interest acquired. All drilling, development, and operating costs incurred by either party shall be accounted for as specified by this Topic. If the conveyance agreement requires the assignee to incur geological or geophysical expenditures instead of, or in addition to, a drilling obligation, those costs shall likewise be accounted for by the assignee as specified by this Topic. If reserves are discovered, each party shall report its share of reserves and production (see paragraphs
932-235-50-4 through 50-11
).
","snippet":"An assignment of a part of an operating interest in an unproved property in exchange for a free well with provision for joint ownership and operation is a pooling of assets in a joint undertaking by the parties. The assi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:25f24595715134c114e4b7da5ba05badcad8b8abf6888c40a667b963794f0fec","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-5","para":"55-5","html":"
A part of an operating interest in an unproved property may be assigned to effect an arrangement called a carried interest whereby the assignee (the carrying party) agrees to defray all costs of drilling, developing, and operating the property and is entitled to all of the revenue from production from the property, excluding any third party interest, until all of the assignee's costs have been recovered, after which the assignor will share in both costs and production. Such an arrangement represents a pooling of assets in a joint undertaking by the assignor and assignee. The carried party shall make no accounting for any costs and revenue until after recoupment (payout) of the carried costs by the carrying party. Subsequent to payout the carried party shall account for its share of revenue, operating expenses, and (if the agreement provides for subsequent sharing of costs rather than a carried interest) subsequent development costs. During the payout period the carrying party shall record all costs, including those carried, as specified by this Topic and shall record all revenue from the property including that applicable to the recovery of costs carried. The carried party shall report as oil or gas reserves only its share of proved reserves estimated to remain after payout, and unit-of-production amortization of the carried party's property cost shall not commence prior to payout. Prior to payout the carrying party's reserve estimates and production data shall include the quantities applicable to recoupment of the carried costs (see paragraphs
932-235-50-4 through 50-11
).
","snippet":"A part of an operating interest in an unproved property may be assigned to effect an arrangement called a carried interest whereby the assignee (the carrying party) agrees to defray all costs of drilling, developing, and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7b29971a6ac53801dc42eafc011142d3bec332ec3c019a854056ac99b9fbad8e","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-6","para":"55-6","html":"
A part of an operating interest owned may be exchanged for a part of an operating interest owned by another party. The purpose of such an arrangement, commonly called a joint venture in the oil and gas industry, often is to avoid duplication of facilities, diversify risks, and achieve operating efficiencies. No gain or loss shall be recognized by either party at the time of the transaction. In some joint ventures that may or may not involve an exchange of interests, the parties may share different elements of costs in different proportions. In such an arrangement a party may acquire an interest in a property or in wells and related equipment that is disproportionate to the share of costs borne by it. As in the case of a carried interest or a free well, each party shall account for its own cost under the provisions of this Subtopic. No gain shall be recognized for the acquisition of an interest in joint assets, the cost of which may have been paid in whole or in part by another party.
","snippet":"A part of an operating interest owned may be exchanged for a part of an operating interest owned by another party. The purpose of such an arrangement, commonly called a joint venture in the oil and gas industry, often is…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0acc18b4b26d4bbf8425688246c6fcf8a1431e45665da21bf8495dc1593a23ea","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-7","para":"55-7","html":"
In a unitization all the operating and nonoperating participants pool their assets in a producing area (normally a field) to form a single unit and in return receive an undivided interest (of the same type as previously held) in that unit. Unitizations generally are undertaken to obtain operating efficiencies and to enhance recovery of reserves, often through improved recovery operations. Participation in the unit is generally proportionate to the oil and gas reserves contributed by each. Because the properties may be in different stages of development at the time of unitization, some participants may pay cash and others may receive cash to equalize contributions of wells and related equipment and facilities with the ownership interests in reserves. In those circumstances, cash paid by a participant shall be recorded as an additional investment in wells and related equipment and facilities, and cash received by a participant shall be recorded as a recovery of cost. The cost of the assets contributed plus or minus cash paid or received is the cost of the participant's undivided interest in the assets of the unit. Each participant shall include its interest in reporting reserve estimates and production data (see paragraphs 932-235-50-4 through 50-11).
","snippet":"In a unitization all the operating and nonoperating participants pool their assets in a producing area (normally a field) to form a single unit and in return receive an undivided interest (of the same type as previously …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3120484b12293611e0fe830cd4ba965daf6059448604f059f226c1e5dbf9fe2a","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-8","para":"55-8","html":"
If the entire interest in an unproved property is sold for cash or cash equivalent, recognition of gain or loss depends on whether, in applying paragraph 932-360-35-11, impairment had been assessed for that property individually or by amortizing that property as part of a group. If impairment was assessed individually, gain or loss shall be recognized. For a property amortized by providing a valuation allowance on a group basis, neither gain nor loss shall be recognized when an unproved property is sold unless the sales price exceeds the original cost of the property, in which case gain shall be recognized in the amount of such excess.
","snippet":"If the entire interest in an unproved property is sold for cash or cash equivalent, recognition of gain or loss depends on whether, in applying paragraph 932-360-35-11, impairment had been assessed for that property indi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ab223909dddf08cf28b6512ade173f0c4c18b0bd9acd8a49764fc68e1d53120","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-9","para":"55-9","html":"
If a part of the interest in an unproved property is sold, even though for cash or cash equivalent, substantial uncertainty usually exists as to recovery of the cost applicable to the interest retained. Consequently, the amount received shall be treated as a recovery of cost. The carrying amount of the interest retained shall continue to be subject to the assessment for impairment as required by paragraph 932-360-35-11. However, if the sales price exceeds the carrying amount of a property whose impairment has been assessed individually in accordance with that paragraph, or exceeds the original cost of a property amortized by providing a valuation allowance on a group basis, gain shall be recognized in the amount of such excess.
","snippet":"If a part of the interest in an unproved property is sold, even though for cash or cash equivalent, substantial uncertainty usually exists as to recovery of the cost applicable to the interest retained. Consequently, the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:00f5958d484ca2ec6d4d0ed953ffb5d98ab4eaccd6dc0c1a106b3d8fb3324b30","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-10","para":"55-10","html":"
The sale of an entire interest in a proved property that constitutes a separate amortization base is not one of the types of conveyances described in paragraphs
932-360-40-7 through 40-8
. The difference between the amount of sales proceeds and the unamortized cost shall be recognized as a gain or loss.
","snippet":"The sale of an entire interest in a proved property that constitutes a separate amortization base is not one of the types of conveyances described in paragraphs 932-360-40-7 through 40-8. The difference between the amoun…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef9a0ad0bc94dd8b863745498229be24ca34b50b112eef40eddb0f791f4c7af0","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-11","para":"55-11","html":"
The sale of a part of a proved property, or of an entire proved property constituting a part of an amortization base, shall be accounted for as the sale of an asset, and a gain or loss shall be recognized, since it is not one of the conveyances described in paragraphs
932-360-40-7 through 40-8
. The unamortized cost of the property or group of properties a part of which was sold shall be apportioned to the interest sold and the interest retained on the basis of the fair values of those interests. However, the sale may be accounted for as a normal retirement under the provisions of paragraph 932-360-40-3 with no gain or loss recognized if doing so does not significantly affect the unit-of-production amortization rate.
","snippet":"The sale of a part of a proved property, or of an entire proved property constituting a part of an amortization base, shall be accounted for as the sale of an asset, and a gain or loss shall be recognized, since it is no…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e25898c7c4ab5ed9376ebf3db1abefd8c443c3b46e717ecbb9dbf43bff36d4ca","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-12","para":"55-12","html":"
The sale of the operating interest in a proved property for cash with retention of a nonoperating interest is not one of the types of conveyances described in paragraphs
932-360-40-7 through 40-8
. Accordingly, it shall be accounted for as the sale of an asset, and any gain or loss shall be recognized. The seller shall allocate the cost of the proved property to the operating interest sold and the nonoperating interest retained on the basis of the fair values of those interests. A retained production payment denominated in money is not a mineral interest (see paragraphs 932-360-25-4 and 932-470-25-1).
","snippet":"The sale of the operating interest in a proved property for cash with retention of a nonoperating interest is not one of the types of conveyances described in paragraphs 932-360-40-7 through 40-8. Accordingly, it shall b…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4db2b4233a4a7b69a1bcb8745dd24c76c79a3061198f3c900fa5a2e4d0d326e7","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-13","para":"55-13","html":"
The sale of a proved property subject to a retained production payment that is expressed as a fixed sum of money payable only from a specified share of production from that property, with the purchaser of the property obligated to incur the future costs of operating the property, shall be accounted for as follows:
  1. a
    If satisfaction of the retained production payment is reasonably assured, the seller of the property, who retained the production payment, shall record the transaction as a sale, with recognition of any resulting gain or loss. The retained production payment shall be recorded as a receivable, with interest accounted for in accordance with the provisions of Subtopic 835-30. The purchaser shall record as the cost of the assets acquired the cash consideration paid plus the present value of the retained production payment, which shall be recorded as a payable. The oil and gas reserve estimates and production data, including those applicable to liquidation of the retained production payment, shall be reported by the purchaser of the property (see paragraphs
    932-235-50-4 through 50-11
    ).
  2. b
    If satisfaction of the retained production payment is not reasonably assured, the transaction is in substance a sale with retention of an overriding royalty that shall be accounted for in accordance with the preceding paragraph.
","snippet":"The sale of a proved property subject to a retained production payment that is expressed as a fixed sum of money payable only from a specified share of production from that property, with the purchaser of the property ob…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0342787ec65f9bd523e9070bea731881a03dd2d0ea25826e533f1be07fbf48ba","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-14","para":"55-14","html":"
The sale of a proved property subject to a retained production payment that is expressed as a right to a specified quantity of oil or gas out of a specified share of future production shall be accounted for in accordance with paragraph 932-360-55-12.
","snippet":"The sale of a proved property subject to a retained production payment that is expressed as a right to a specified quantity of oil or gas out of a specified share of future production shall be accounted for in accordance…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:55f430488d217b384f9bde55618e72919f6028336de08632cd3ad91e6eb27dea","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"citation":"360-932-55-15","para":"55-15","html":"
Paragraphs 932-360-55-15 through 55-19 superseded by Accounting Standards Update No. 2012-04.
","snippet":"Paragraphs 932-360-55-15 through 55-19 superseded by Accounting Standards Update No. 2012-04.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7650bcff9ad68b7fcff91a5685e0901fe16fb93589cebc933fbd8c5c8a61d32b","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:48a20a88f047a7e660b7c6f69a0d802c7b1cee64abe1b51bcb0dc382b648f4f1","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:572571d5938cd6d25d24cf2a788a68def1a0691bc26ec928ba6a2c34ea22980d","downloaded_from":"2026-09-10T00:09:10.557Z","last_downloaded_at":"2026-09-10T00:09:10.557Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477436","source_sha256":"c173b1d1048763d1a480181f2d01bfaea8a71e38df289c4318f78b6339bfc505"}},{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-932-60-1","para":"60-1","html":"
See paragraphs
360-10-55-50 through 55-54
for an illustration of the disclosure of risks and uncertainties related to impairment of specialized equipment.
","snippet":"See paragraphs 360-10-55-50 through 55-54 for an illustration of the disclosure of risks and uncertainties related to impairment of specialized equipment.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7845c8d995608edec407d2db5c7bb4ebaef5d4918ba5b5b5069f048ac0cc332","downloaded_from":"2026-09-10T00:09:12.421Z","last_downloaded_at":"2026-09-10T00:09:12.421Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478798","source_sha256":"7f507a17957139d94e50591137a52c2c0f15e1c934223b0ac73c148388d8a5a3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69c77616d1231726d16d45c733fb3a43d040cb9a19199e169f8637509354b988","downloaded_from":"2026-09-10T00:09:12.421Z","last_downloaded_at":"2026-09-10T00:09:12.421Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478798","source_sha256":"7f507a17957139d94e50591137a52c2c0f15e1c934223b0ac73c148388d8a5a3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d2bda250db65cb1290d00ad4e13a5aad768d11c20daaababd816027facb62e50","downloaded_from":"2026-09-10T00:09:12.421Z","last_downloaded_at":"2026-09-10T00:09:12.421Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478798","source_sha256":"7f507a17957139d94e50591137a52c2c0f15e1c934223b0ac73c148388d8a5a3"}},{"number":"S00","label":"SEC 00 Status","anchor":"sec-00-status","is_sec":true,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-932-S00-1","para":"S00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
932-360-S99-1AmendedAccounting Standards Update No. 2009-0308/24/2009
932-360-S99-1AmendedAccounting Standards Update No. 2009-0709/15/2009
932-360-S99-2AmendedAccounting Standards Update No. 2012-0308/27/2012
932-360-S99-2AmendedAccounting Standards Update No. 2009-0308/24/2009
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See paragraph 932-10-S99-1, Regulation S-X Rule 4-10(c)(5), for the required accounting for production costs under the full cost method.
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See paragraph 932-10-S99-1, Regulation S-X Rule 4-10(c)(3), for the requirements for amortizing capitalized costs under the full cost method of accounting.
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See paragraph 932-10-S99-1, Regulation S-X Rule 4-10(c)(4), for the requirement limiting capitalized costs under the full cost method of accounting.
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See paragraph 932-360-S99-2, SAB Topic 12.D.3.c, for SEC Staff views on disclosure requirements when subsequent events affect the computation of the limitation on capitalized costs.
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See paragraph 932-360-S99-3, SAB Topic 12.F, for SEC Staff views on using the gross revenue method when substantial production is not subject to pricing regulation.
","snippet":"See paragraph 932-360-S99-3, SAB Topic 12.F, for SEC Staff views on using the gross revenue method when substantial production is not subject to pricing regulation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c56276d5d10b16407b85797466b566c32d40a365cb483c43a40c0c7ab88aee1","downloaded_from":"2026-09-10T00:09:29.198Z","last_downloaded_at":"2026-09-10T00:09:29.198Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478290","source_sha256":"d10c0c40268247b4ceccb0637bd60e0603a60ff28b6351ae7ab4c5d405c3f61a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:14e9b8397ce2bc5b143147f52726068ba98fa4a2865fe7f07ba1b09493c13c1c","downloaded_from":"2026-09-10T00:09:29.198Z","last_downloaded_at":"2026-09-10T00:09:29.198Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478290","source_sha256":"d10c0c40268247b4ceccb0637bd60e0603a60ff28b6351ae7ab4c5d405c3f61a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:307d50cd1e5af0b0db7adfab5798d74cbe0f8be2a698738c6869dc648153268c","downloaded_from":"2026-09-10T00:09:29.198Z","last_downloaded_at":"2026-09-10T00:09:29.198Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478290","source_sha256":"d10c0c40268247b4ceccb0637bd60e0603a60ff28b6351ae7ab4c5d405c3f61a"}},{"number":"S99","label":"SEC 99 SEC Materials","anchor":"sec-99-sec-materials","is_sec":true,"groups":[{"block":null,"heading":"SEC Staff Guidance","paragraphs":[{"citation":"360-932-S99-1","para":"S99-1","html":"
The following is the text of SAB Topic 12.A, Accounting Series Release 257—Requirements for Financial Accounting and Reporting Practices for Oil and Gas Producing Activities.
","snippet":"The following is the text of SAB Topic 12.A, Accounting Series Release 257—Requirements for Financial Accounting and Reporting Practices for Oil and Gas Producing Activities.\n1. Estimates of Quantities of Proved Reserves…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ddbcc5c341b35f4f2cb519b926ab26e6f6e2f0365ac5ccf24cc639bf2ae95866","downloaded_from":"2026-09-10T00:09:33.153Z","last_downloaded_at":"2026-09-10T00:09:33.153Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477556","source_sha256":"799c4b74672a2b04b6feebf0237e0fb269641e61dd75cd5d43c12928b5e42de9"}},{"citation":"360-932-S99-2","para":"S99-2","html":"
The following is the text of SAB Topic 12.D, Application of Full Cost Method of Accounting.
","snippet":"The following is the text of SAB Topic 12.D, Application of Full Cost Method of Accounting.\n1. Treatment of Income Tax Effects in the Computation of the Limitation on Capitalized Costs\nFacts: Item (D) of Rule 4-10(c)(4)(…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f6368840753414ab8fcee763557db431ec88ad8c3e8bee53e99b9e69dbdba42b","downloaded_from":"2026-09-10T00:09:33.153Z","last_downloaded_at":"2026-09-10T00:09:33.153Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477556","source_sha256":"799c4b74672a2b04b6feebf0237e0fb269641e61dd75cd5d43c12928b5e42de9"}},{"citation":"360-932-S99-3","para":"S99-3","html":"
The following is the text of SAB Topic 12.F, Gross Revenue Method of Amortizing Capitalized Costs.
","snippet":"The following is the text of SAB Topic 12.F, Gross Revenue Method of Amortizing Capitalized Costs.\nFacts: Rule 4-10(c)(3)(iii) of Regulation S-X states in part:\nAmortization shall be computed on the basis of physical uni…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8233d06d165c82373d5c76ebb03a6cf6fad2fc1544ffcb6d99ae43b19ab68b09","downloaded_from":"2026-09-10T00:09:33.153Z","last_downloaded_at":"2026-09-10T00:09:33.153Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477556","source_sha256":"799c4b74672a2b04b6feebf0237e0fb269641e61dd75cd5d43c12928b5e42de9"}},{"citation":"360-932-S99-4","para":"S99-4","html":"
The following is the text of SAB Topic 12.G, Inclusion of Methane Gas in Proved Reserves.
","snippet":"The following is the text of SAB Topic 12.G, Inclusion of Methane Gas in Proved Reserves.\nFacts: Because of a concern over worldwide oil and gas supplies, Congress, in 1980, provided for tax incentives (credits) for the …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:859dd90473b1d0702be1220265d55bca1a1ee4ee3e9819f222812d425b70a586","downloaded_from":"2026-09-10T00:09:33.153Z","last_downloaded_at":"2026-09-10T00:09:33.153Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477556","source_sha256":"799c4b74672a2b04b6feebf0237e0fb269641e61dd75cd5d43c12928b5e42de9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b7c510ee0f2db65c89dc04c9e1ea23dad639142cb65c0380a44a097fdaedce6","downloaded_from":"2026-09-10T00:09:33.153Z","last_downloaded_at":"2026-09-10T00:09:33.153Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477556","source_sha256":"799c4b74672a2b04b6feebf0237e0fb269641e61dd75cd5d43c12928b5e42de9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a602d6544b674e6184156f483bc09fd755b6a9eea8213f48a060ced3635bd39","downloaded_from":"2026-09-10T00:09:33.153Z","last_downloaded_at":"2026-09-10T00:09:33.153Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477556","source_sha256":"799c4b74672a2b04b6feebf0237e0fb269641e61dd75cd5d43c12928b5e42de9"}}],"enrichment":{"summary":"This subtopic governs how oil and gas entities capitalize, amortize, impair, and dispose of industry-specific property, plant, and equipment—mineral interests in properties, wells and related equipment and facilities, support equipment and facilities, and uncompleted wells—under the successful efforts method (full cost accounting is left to SEC literature). Only exploration and development costs that relate directly to specific oil and gas reserves are capitalized; other costs are expensed, and exploratory well costs are held in uncompleted wells pending a determination of whether proved reserves were found. Capitalized proved property and well costs are amortized by the unit-of-production method, unproved properties are periodically assessed for impairment via a valuation allowance, and conveyances of mineral interests generally produce no gain when they are poolings of assets or involve substantial future performance obligations.","key_points":["Acquisition costs of properties (lease bonuses, brokers' fees, recording fees, legal costs) are capitalized when incurred, whether the property is proved or unproved (932-360-25-7).","Geological and geophysical costs, carrying costs of undeveloped properties, and dry/bottom hole contributions are exploration costs; all development costs are capitalized whether the well is successful or unsuccessful (932-360-25-9; 932-360-25-14).","Costs of drilling exploratory wells and exploratory-type stratigraphic test wells are capitalized as uncompleted wells, equipment, and facilities pending determination of proved reserves; they are reclassified to wells and related equipment if proved reserves are found and charged to expense if not (932-360-25-10; 932-360-35-17; 932-360-40-2).","Capitalized exploratory well costs may continue to be capitalized only if the well found sufficient reserves to justify completion and the entity is making 'sufficient progress' assessing the reserves and the economic/operating viability of the project; capitalization cannot be continued on the chance that prices will rise or technology will develop (932-360-35-13; 932-360-35-18 through 35-20).","Acquisition costs of proved properties are amortized by the unit-of-production method over total proved reserves, while capitalized well and development costs are amortized over proved developed reserves; rates are revised at least annually and prospectively as changes in estimate (932-360-35-6; 932-360-35-7).","Unproved properties are assessed periodically for impairment—individually if acquisition costs are significant, otherwise by group amortization—with loss recognized through a valuation allowance; on surrender or abandonment, costs are charged against that allowance (932-360-35-11; 932-360-40-1).","No gain is recognized on conveyances that are poolings of assets in a joint undertaking, or where a part interest is sold and substantial uncertainty exists about recovery of the retained interest's cost or the seller has a substantial obligation for future performance; otherwise gain or loss is recognized (932-360-40-7 through 40-9)."],"categories":["Industry-specific","Inventory and PP&E","Impairment","Derecognition"],"audience_level":"advanced","student_note":"This is the core of successful efforts accounting: exam questions turn on which costs get capitalized (all development costs, even dry development wells) versus expensed (exploratory wells that find no proved reserves, most G&G costs). A common misunderstanding is applying one amortization base to everything—acquisition costs of proved properties use total proved reserves, while well and development costs use proved developed reserves.","related_topics":["932-10","932-235","932-470","360-10","410","835-20"],"key_concepts":["successful efforts method","unproved and proved properties","exploratory well costs","sufficient progress criterion","unit-of-production amortization","valuation allowance for impairment","conveyances of mineral interests","stratigraphic test wells"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c370c38dcd20c8f73e2eee4303046e68bd39a8b5255b2e38edc5ad01bf84586","downloaded_from":"2026-09-10T00:08:46.669Z","last_downloaded_at":"2026-09-10T00:09:33.153Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"932-10","title":"Overall","topic_title":"Extractive Activities—Oil and Gas","score":0.8369,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b394a48b8e928b4ffd6bfa25ce80c1894944f462f1cf7ecc2f17d6423ac51396","downloaded_from":"2026-09-10T02:12:30.356Z","last_downloaded_at":"2026-09-10T02:13:16.025Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"235-932","title":"Extractive Activities—Oil and Gas","topic_title":"Notes to Financial Statements","score":0.7721,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2daaba62554d54d7a2c93f05898abd15d66239d7b296b097cbfb9aae57d8ca2b","downloaded_from":"2026-09-09T23:15:19.640Z","last_downloaded_at":"2026-09-09T23:15:51.914Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"835-932","title":"Extractive Activities—Oil and Gas","topic_title":"Interest","score":0.7476,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f419fd30a36a48762d01f590632e27cab5fdd6367e371befc06e0700b28f8acd","downloaded_from":"2026-09-10T01:50:54.044Z","last_downloaded_at":"2026-09-10T01:51:06.744Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-10","title":"Overall","topic_title":"Property, Plant, and Equipment","score":0.7361,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:df4fb04761d68787661519a4017df4abfbd3ed00cea8e485adc9559b7d74129e","downloaded_from":"2026-09-10T00:05:35.818Z","last_downloaded_at":"2026-09-10T00:06:33.252Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"323-970","title":"Real Estate—General","topic_title":"Investments—Equity Method and Joint Ventures","score":0.7167,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:73e06433b577bc7b981be7a7a588ec5ea9817c3edc79282401b4c5432bf2c138","downloaded_from":"2026-09-09T23:42:35.809Z","last_downloaded_at":"2026-09-09T23:43:01.427Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"835-20","title":"Capitalization of Interest","topic_title":"Interest","score":0.7123,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2163124980db357927525a158ffe5010840deed9dc4dfd90751ed803b1850a1e","downloaded_from":"2026-09-10T01:48:54.719Z","last_downloaded_at":"2026-09-10T01:49:28.506Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established 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Equipment","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dcef028c8e98371c092bbffe8d4c4e280b4a7be71e2a73fccb6ae4bb74337d35","downloaded_from":"2026-09-10T00:09:35.986Z","last_downloaded_at":"2026-09-10T00:09:48.609Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aa6da3d51bfde7be90e12b21aa2aaa29894d2e7d0fe5ab7d970c190ce0140ad0","downloaded_from":"2026-09-10T00:08:46.669Z","last_downloaded_at":"2026-09-10T00:09:33.153Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-942","topic":"360","title":"Financial Services—Depository and Lending","area":"Assets","paragraphs":6,"summary":"This Subtopic addresses how depository and lending institutions (banks, savings institutions, credit unions) present property, plant, and equipment in their financial statements. Premises and equipment are generally reported as a single balance sheet caption, net of accumulated depreciation and amortization, with the accumulated amount shown on the face of the balance sheet or in the notes. Net gains or losses on disposition of premises and equipment go into noninterest income or noninterest expense rather than a separate line.","concepts":["premises and equipment","accumulated depreciation and amortization","single balance sheet caption","noninterest income","noninterest expense","disposition gains and losses","depository and lending institutions"],"categories":["Presentation","Disclosure","Inventory and PP&E","Industry-specific"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-942-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
942-360-45-1AmendedAccounting Standards Update No. 2020-1010/29/2020
942-360-50-1AddedAccounting Standards Update No. 2020-1010/29/2020
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\n942-360-45-1 | Amended | Accounting Standards Update No. 2020-10 | 10/29/2020 |\n942-360-…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbfb9f0ae1a37b2ec977ff88397729c2328b2e559680be05b83cf3a865b84668","downloaded_from":"2026-09-10T00:09:35.986Z","last_downloaded_at":"2026-09-10T00:09:35.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478071","source_sha256":"740a7e974c9efa90a538aaea173705a814b38cbfae6ac5e33d7016e4d7a23be0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9cf413200b78185aadac4066698ffd4fd79ef21b561f1d24d5716535a7f902c2","downloaded_from":"2026-09-10T00:09:35.986Z","last_downloaded_at":"2026-09-10T00:09:35.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478071","source_sha256":"740a7e974c9efa90a538aaea173705a814b38cbfae6ac5e33d7016e4d7a23be0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f8334d5ebef191735aff7fdb89294b0ee3174ca61fdefa2d2f8532b430a865d4","downloaded_from":"2026-09-10T00:09:35.986Z","last_downloaded_at":"2026-09-10T00:09:35.986Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478071","source_sha256":"740a7e974c9efa90a538aaea173705a814b38cbfae6ac5e33d7016e4d7a23be0"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-942-05-1","para":"05-1","html":"
This Subtopic provides guidance concerning the financial statement presentation of financial institution property, plant, and equipment.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 942-10-15.
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Premises and equipment are generally shown as a single caption on the balance sheet, net of accumulated depreciation and amortization, the amount of which shall be presented on the face of the balance sheet or disclosed in the notes to financial statements. (See paragraph 942-360-50-1.)
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For premises and equipment, net gains or net losses on dispositions shall be included in noninterest income or noninterest expense.
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Premises and equipment are generally shown as a single caption on the balance sheet, net of accumulated depreciation and amortization, the amount of which shall be presented on the face of the balance sheet or disclosed in the notes to financial statements. (See paragraph 942-360-45-1.)
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Premises and equipment are generally reported as a single balance sheet caption, net of accumulated depreciation and amortization, with the accumulated amount shown on the face of the balance sheet or in the notes. Net gains or losses on disposition of premises and equipment go into noninterest income or noninterest expense rather than a separate line.","key_points":["Premises and equipment are generally shown as a single caption on the balance sheet, net of accumulated depreciation and amortization (360-942-45-1).","The amount of accumulated depreciation and amortization must be presented either on the face of the balance sheet or disclosed in the notes (360-942-45-1; 360-942-50-1).","Net gains or net losses on dispositions of premises and equipment are included in noninterest income or noninterest expense (360-942-45-2).","The Subtopic addresses only financial statement presentation of financial institution property, plant, and equipment (360-942-05-1).","Scope follows the Overall Subtopic scope for depository and lending institutions in Section 942-10-15 (360-942-15-1)."],"categories":["Presentation","Disclosure","Inventory and PP&E","Industry-specific"],"audience_level":"intermediate","student_note":"This is a short, presentation-only Subtopic: recognition, measurement, depreciation, and impairment of bank premises still follow ASC 360-10. The common trap is forgetting that disposal gains/losses for a bank land in noninterest income or expense, not in a separate \"gain on sale\" line or in interest income.","related_topics":["360-10","942-360","942-10","942-405","205"],"key_concepts":["premises and equipment","accumulated depreciation and amortization","single balance sheet caption","noninterest income","noninterest expense","disposition gains and losses","depository and lending institutions"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5dabe1d6053213714d26a6ea4091fe67d9a47435f1c66b26e5982388ce0fbad8","downloaded_from":"2026-09-10T00:09:35.986Z","last_downloaded_at":"2026-09-10T00:09:48.609Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"360-960","title":"Plan Accounting—Defined Benefit Pension 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Equipment","score":0.7252,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8b73cb105292e50654ae4036db3264ed126ecb7682e783103c381733cd524645","downloaded_from":"2026-09-10T00:11:24.376Z","last_downloaded_at":"2026-09-10T00:11:35.677Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-954","title":"Health Care Entities","topic_title":"Property, Plant, and 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Real estate is classified by predominant use as either a real estate investment or real estate used in the business, and real estate acquired in settling mortgage guaranty and title insurance claims is a third, separately reported category measured initially at fair value (investments are measured at cost, then cost less accumulated depreciation). Depreciation and impairment charges follow the balance sheet classification — investment income/realized gains and losses for investments, and adjustments to claim costs incurred for real estate acquired in settling claims.","concepts":["real estate investments","real estate used in the business","real estate acquired in settling claims","predominant use classification","claim costs incurred","realized gains and losses","investment income","other-than-temporary impairment"],"categories":["Inventory and PP&E","Industry-specific","Impairment","Presentation"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-944-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
944-360-35-1AmendedAccounting Standards Update No. 2018-0907/16/2018
944-360-40-2AmendedAccounting Standards Update No. 2016-0101/05/2016
944-360-40-3AmendedMaintenance Update 2017-19 (PDF)11/15/2017
944-360-45-3AmendedAccounting Standards Update No. 2018-0907/16/2018
944-360-45-4AmendedAccounting Standards Update No. 2018-0907/16/2018
944-360-45-5SupersededAccounting Standards Update No. 2025-1212/17/2025
944-360-50-1AmendedAccounting Standards Update No. 2018-0907/16/2018
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\n944-360-35-1 | Amended | Accounting Standards Update No. 2018-09 | 07/16/2018 |\n944-360-…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ef0a5ddca025f59d6a979f7c9dfce7e1547a23d79643d54668a3f03b2dac709","downloaded_from":"2026-09-10T00:09:52.264Z","last_downloaded_at":"2026-09-10T00:09:52.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478900","source_sha256":"aac19c8dfdb52f97478b03d0af83d76c3eecc925ced4a63237db72f7b5433aa5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:08b6ab9b806489992a5d6a5d2e31ad25ab5eb1a71ebee9fc5281a6c1b09b931e","downloaded_from":"2026-09-10T00:09:52.264Z","last_downloaded_at":"2026-09-10T00:09:52.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478900","source_sha256":"aac19c8dfdb52f97478b03d0af83d76c3eecc925ced4a63237db72f7b5433aa5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ac6cd3898cbbc57e45fc20e5810165512a78326b833030f0b3fe78b2eb47664a","downloaded_from":"2026-09-10T00:09:52.264Z","last_downloaded_at":"2026-09-10T00:09:52.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478900","source_sha256":"aac19c8dfdb52f97478b03d0af83d76c3eecc925ced4a63237db72f7b5433aa5"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-944-05-1","para":"05-1","html":"
This Subtopic provides guidance to insurance entities on accounting for and financial reporting of real estate.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 944-10-15.
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Real estate shall be classified either as an investment (real estate investments) or as real estate used in the insurance entity's operations (real estate used in the business), depending on its predominant use.
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Real estate acquired in settling mortgage guaranty and title insurance claims shall be measured initially at fair value.
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Real estate investments shall be measured initially at cost.
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In accordance with paragraph 360-10-35-43, real estate classified as held for sale that was acquired in settling mortgage guaranty and title insurance claims shall be subsequently measured in accordance with the guidance on property, plant, and equipment in Section 360-10-35.
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Paragraph 944-40-35-4 requires that subsequent reductions in the reported amount of real estate acquired in settling claims be recognized as an adjustment to claim costs incurred.
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For guidance related to estimated recoveries on unsettled claims involving a potential ownership interest in real estate, see paragraph 944-40-35-2.
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Real estate investments shall be measured subsequently at cost less accumulated depreciation.
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Depreciation and other related charges or credits shall be charged or credited to investment income.
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Reductions in the carrying amount of real estate investments resulting from the application of the Impairment or Disposal of Long-Lived Assets Subsections of Subtopic 360-10 shall be included in realized gains and losses.
","snippet":"Reductions in the carrying amount of real estate investments resulting from the application of the Impairment or Disposal of Long-Lived Assets Subsections of Subtopic 360-10 shall be included in realized gains and losses…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d01c2b5ea7e0ec099763267dfa7ee9eb92dd6a8514bd151bf0aed315e1d4a059","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479156","source_sha256":"1618c025f686deccdb4072f76c1221197ceb685e221b65f1ffabc7b924b60204"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fe29be2cb104629e7f67c16328860a864f6d92f3c1d493779f549b6ec9808cc","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479156","source_sha256":"1618c025f686deccdb4072f76c1221197ceb685e221b65f1ffabc7b924b60204"}},{"block":null,"heading":"Real Estate Used in the Business","paragraphs":[{"citation":"360-944-35-7","para":"35-7","html":"
Imputed investment income and rental expense shall not be recognized for real estate used in the business.
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Paragraph 944-40-35-4 requires that realized gains and losses on the sale of real estate acquired in settling claims be recognized as an adjustment to claim costs incurred.
","snippet":"Paragraph 944-40-35-4 requires that realized gains and losses on the sale of real estate acquired in settling claims be recognized as an adjustment to claim costs incurred.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3aed54dcdf37d7cdee75f4decc948954453785c09f4e208fc69f89843b6c3594","downloaded_from":"2026-09-10T00:10:11.945Z","last_downloaded_at":"2026-09-10T00:10:11.945Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477993","source_sha256":"b6078332b6feefd2968f8e38684602006e69a47f2c38c7e7db1dc701dcb8f87f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:630fe309dfe090e98927eb8bf9cb70f90b03a51a7becae9b6bce45ad18cfc18b","downloaded_from":"2026-09-10T00:10:11.945Z","last_downloaded_at":"2026-09-10T00:10:11.945Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477993","source_sha256":"b6078332b6feefd2968f8e38684602006e69a47f2c38c7e7db1dc701dcb8f87f"}},{"block":null,"heading":"Real Estate Investments","paragraphs":[{"citation":"360-944-40-2","para":"40-2","html":"
Realized gains and losses (including those on sales of real estate investments) shall not be deferred, either directly or indirectly.
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Realized gains and losses on the sale of assets other than investments, such as real estate used in the business, shall be reported in accordance with Subtopic 220-20.
","snippet":"Realized gains and losses on the sale of assets other than investments, such as real estate used in the business, shall be reported in accordance with Subtopic 220-20.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:02dd57dd557ee8069a365f104ef78a3c8baa1e6c16c12e1bc5e9543138cb938d","downloaded_from":"2026-09-10T00:10:11.945Z","last_downloaded_at":"2026-09-10T00:10:11.945Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477993","source_sha256":"b6078332b6feefd2968f8e38684602006e69a47f2c38c7e7db1dc701dcb8f87f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1f2a465db16fd10f949a6e72aafd67d006b9e60ebb971f3b011d501746b4b82","downloaded_from":"2026-09-10T00:10:11.945Z","last_downloaded_at":"2026-09-10T00:10:11.945Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477993","source_sha256":"b6078332b6feefd2968f8e38684602006e69a47f2c38c7e7db1dc701dcb8f87f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:655792658df09c0b6930fdb50ad512650b5fdfca6e29e5ca6b1afb6035164cf8","downloaded_from":"2026-09-10T00:10:11.945Z","last_downloaded_at":"2026-09-10T00:10:11.945Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477993","source_sha256":"b6078332b6feefd2968f8e38684602006e69a47f2c38c7e7db1dc701dcb8f87f"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Balance Sheet—Real Estate Acquired in Settling Certain Claims","paragraphs":[{"citation":"360-944-45-1","para":"45-1","html":"
Real estate acquired in settling claims shall be separately reported in the balance sheet and shall not be classified as an investment.
","snippet":"Real estate acquired in settling claims shall be separately reported in the balance sheet and shall not be classified as an investment.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec578c01b715da6b66f8509414542b2b13c3cf42a3a0e3896c5162184a1e6a66","downloaded_from":"2026-09-10T00:10:15.471Z","last_downloaded_at":"2026-09-10T00:10:15.471Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477875","source_sha256":"09389888730494d127ddff65215fd0f991d6964f14f401f3ea36d44ed9820ccc"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:81cc0b009680fb7840fddd7d7dc9041d0bfc323181d65fdb50bfc49288046197","downloaded_from":"2026-09-10T00:10:15.471Z","last_downloaded_at":"2026-09-10T00:10:15.471Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477875","source_sha256":"09389888730494d127ddff65215fd0f991d6964f14f401f3ea36d44ed9820ccc"}},{"block":null,"heading":"Income Statement","paragraphs":[{"citation":"360-944-45-2","para":"45-2","html":"
Depreciation and other real estate operating costs shall be classified as investment expenses or operating expenses consistent with the balance sheet classification of the related asset.
","snippet":"Depreciation and other real estate operating costs shall be classified as investment expenses or operating expenses consistent with the balance sheet classification of the related asset.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7f165f79ac6b81fbdbfe9e872649ae710e329e449cd672e27b7ab8544a10c08","downloaded_from":"2026-09-10T00:10:15.471Z","last_downloaded_at":"2026-09-10T00:10:15.471Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477875","source_sha256":"09389888730494d127ddff65215fd0f991d6964f14f401f3ea36d44ed9820ccc"}},{"citation":"360-944-45-3","para":"45-3","html":"
Realized gains and losses on investments in real estate shall be reported in the statement of earnings as a component of other income, on a pretax basis.
","snippet":"Realized gains and losses on investments in real estate shall be reported in the statement of earnings as a component of other income, on a pretax basis.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69ffc33b3ad5d78e918a04d493dc6b542b2f8b3cf9bde63124f6b4ea444094e9","downloaded_from":"2026-09-10T00:10:15.471Z","last_downloaded_at":"2026-09-10T00:10:15.471Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477875","source_sha256":"09389888730494d127ddff65215fd0f991d6964f14f401f3ea36d44ed9820ccc"}},{"citation":"360-944-45-4","para":"45-4","html":"
Realized gains and losses shall be presented as a separate item in the statement of earnings or disclosed in the notes to financial statements (see paragraph 944-310-50-1).
","snippet":"Realized gains and losses shall be presented as a separate item in the statement of earnings or disclosed in the notes to financial statements (see paragraph 944-310-50-1).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:627d79bbe13cfcd4ed0c35fa7c4f68787643dae4af629e391f7310ab3061e757","downloaded_from":"2026-09-10T00:10:15.471Z","last_downloaded_at":"2026-09-10T00:10:15.471Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477875","source_sha256":"09389888730494d127ddff65215fd0f991d6964f14f401f3ea36d44ed9820ccc"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe07808857e83a573a97d63371358d180e0f2a1e1589752cb496445e1bb0292e","downloaded_from":"2026-09-10T00:10:15.471Z","last_downloaded_at":"2026-09-10T00:10:15.471Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477875","source_sha256":"09389888730494d127ddff65215fd0f991d6964f14f401f3ea36d44ed9820ccc"}},{"block":null,"heading":"Other-Than-Temporary Impairment","paragraphs":[{"citation":"360-944-45-5","para":"45-5","html":"
Losses arising from an other-than-temporary impairment shall be presented in accordance with Subtopic 320-10.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
105-10-65-10
Editor's Note: Paragraph 944-360-45-5 will be superseded upon transition, together with its heading.
> Other-Than-Temporary Impairment
Paragraph superseded by Accounting Standards Update No. 2025-12.
","snippet":"Losses arising from an other-than-temporary impairment shall be presented in accordance with Subtopic 320-10.Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:105-10-65-10\nEditor's Note: Par…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:668ba6372245ff365e9025e5e1f3c3713b10fe05fc7ee148cfbcc7f395025f4e","downloaded_from":"2026-09-10T00:10:15.471Z","last_downloaded_at":"2026-09-10T00:10:15.471Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477875","source_sha256":"09389888730494d127ddff65215fd0f991d6964f14f401f3ea36d44ed9820ccc"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d7266a942d3d04fbbba2320089be2e59497060b91ab966d1ae769fda0206036","downloaded_from":"2026-09-10T00:10:15.471Z","last_downloaded_at":"2026-09-10T00:10:15.471Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477875","source_sha256":"09389888730494d127ddff65215fd0f991d6964f14f401f3ea36d44ed9820ccc"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7714b930800bfee8f31b1a459c00f3c51f769a8cfad34c382fa23aad7bf74abb","downloaded_from":"2026-09-10T00:10:15.471Z","last_downloaded_at":"2026-09-10T00:10:15.471Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477875","source_sha256":"09389888730494d127ddff65215fd0f991d6964f14f401f3ea36d44ed9820ccc"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-944-50-1","para":"50-1","html":"
If realized gains and losses are not presented as a separate item in the statement of earnings, they shall be disclosed in the notes to financial statements.
","snippet":"If realized gains and losses are not presented as a separate item in the statement of earnings, they shall be disclosed in the notes to financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b55e0f3a1a753b2d12906566f065ed7f15648ee45af8a634826c168419883a5","downloaded_from":"2026-09-10T00:10:18.930Z","last_downloaded_at":"2026-09-10T00:10:18.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478586","source_sha256":"97b3318a162cc0db31825902e41bff93c56a8e0153c4e471d726c33a283b882a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ab00bef2420b9b7099187f57063a2b01240013b565c3fdfbcb6142189319585","downloaded_from":"2026-09-10T00:10:18.930Z","last_downloaded_at":"2026-09-10T00:10:18.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478586","source_sha256":"97b3318a162cc0db31825902e41bff93c56a8e0153c4e471d726c33a283b882a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:41a1efcda74e1af17a52bebfa768281b7a73e036ec3fceb5465d3bd9f26e4fd8","downloaded_from":"2026-09-10T00:10:18.930Z","last_downloaded_at":"2026-09-10T00:10:18.930Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478586","source_sha256":"97b3318a162cc0db31825902e41bff93c56a8e0153c4e471d726c33a283b882a"}}],"enrichment":{"summary":"This subtopic tells insurance entities how to account for and report real estate. Real estate is classified by predominant use as either a real estate investment or real estate used in the business, and real estate acquired in settling mortgage guaranty and title insurance claims is a third, separately reported category measured initially at fair value (investments are measured at cost, then cost less accumulated depreciation). Depreciation and impairment charges follow the balance sheet classification — investment income/realized gains and losses for investments, and adjustments to claim costs incurred for real estate acquired in settling claims.","key_points":["Real estate is classified as either a real estate investment or real estate used in the insurance entity's operations, depending on its predominant use (360-944-25-1).","Real estate acquired in settling mortgage guaranty and title insurance claims is measured initially at fair value (360-944-30-1), while real estate investments are measured initially at cost (360-944-30-2) and subsequently at cost less accumulated depreciation (360-944-35-4).","Real estate acquired in settling claims that is held for sale is subsequently measured under Section 360-10-35 (360-944-35-1); subsequent reductions in its carrying amount and realized gains and losses on its sale are recognized as adjustments to claim costs incurred (360-944-35-2; 360-944-40-1).","Depreciation and related charges or credits on real estate investments are charged or credited to investment income (360-944-35-5), and impairment reductions under the Impairment or Disposal of Long-Lived Assets Subsections of Subtopic 360-10 are included in realized gains and losses (360-944-35-6).","No imputed investment income or rental expense is recognized for real estate used in the business (360-944-35-7).","Realized gains and losses, including on sales of real estate investments, shall not be deferred directly or indirectly (360-944-40-2), and are reported pretax as a component of other income in the statement of earnings (360-944-45-3).","Real estate acquired in settling claims must be reported separately on the balance sheet and not classified as an investment (360-944-45-1); realized gains and losses must be shown as a separate income statement item or disclosed in the notes (360-944-45-4; 360-944-50-1)."],"categories":["Inventory and PP&E","Industry-specific","Impairment","Presentation"],"audience_level":"intermediate","student_note":"The exam trap is the classification-drives-everything rule: the same building produces investment income and realized gains/losses if held as an investment, operating expense if used in the business, and adjustments to claim costs incurred if acquired in settling mortgage guaranty or title insurance claims. Students often wrongly lump claim-settlement real estate into investments — it must be reported separately on the balance sheet.","related_topics":["360-10","944-40","944-310","320-10","220-20"],"key_concepts":["real estate investments","real estate used in the business","real estate acquired in settling claims","predominant use classification","claim costs incurred","realized gains and losses","investment income","other-than-temporary impairment"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2469e77f6ea1ed8c5162557080356acafa0a514be77977a79a2bc17c399d3738","downloaded_from":"2026-09-10T00:09:52.264Z","last_downloaded_at":"2026-09-10T00:10:22.345Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"360-970","title":"Real Estate—General","topic_title":"Property, Plant, 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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.","concepts":["property held for investment","balance sheet classification","health care entities","property, plant, and equipment","investments presentation","industry-specific guidance"],"categories":["Presentation","Industry-specific","Inventory and PP&E","Financial statement presentation"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-954-05-1","para":"05-1","html":"
This Subtopic provides guidance on the presentation of property held for investment purposes for health care entities within the scope of this Topic.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 954-10-15.
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Property held for investment purposes shall be presented as part of investments.
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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":["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."],"categories":["Presentation","Industry-specific","Inventory and PP&E","Financial statement presentation"],"audience_level":"intermediate","student_note":"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.","related_topics":["954-10","954-360","360-10","954-210","954-320"],"key_concepts":["property held for investment","balance sheet classification","health care entities","property, plant, and equipment","investments presentation","industry-specific guidance"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:93fff4415542488fd51259bc9b307182dab12324ffc16a1571251aa68a0696b8","downloaded_from":"2026-09-10T00:10:25.235Z","last_downloaded_at":"2026-09-10T00:10:29.992Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"325-954","title":"Health Care 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Its core rules are that all NFPs must recognize depreciation on long-lived tangible assets (360-958-35-1), that contributed PP&E is recognized under the Contributions Received Subsections of 958-605 with initial measurement including all costs to place the asset in use (360-958-30-1), and that an NFP holding a \"collection\" may elect one of three policies—full capitalization, prospective capitalization, or no capitalization—but capitalizing selected items is precluded (360-958-25-3).","concepts":["collections","collection capitalization policy","depreciation of long-lived assets","works of art and historical treasures","contributed property, plant, and equipment","net assets with donor restrictions","placed-in-service release of restrictions","deaccessioning and direct care"],"categories":["Not-for-profit","Inventory and PP&E","Disclosure","Subsequent measurement"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-958-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
CollectionsAmendedAccounting Standards Update No. 2019-0303/21/2019
Conditional ContributionAddedAccounting Standards Update No. 2018-0806/21/2018
ContributionAmendedAccounting Standards Update No. 2018-0806/21/2018
ContributionAmendedAccounting Standards Update No. 2010-0701/28/2010
Donor-Imposed ConditionAddedAccounting Standards Update No. 2018-0806/21/2018
Donor-Imposed RestrictionAmendedAccounting Standards Update No. 2016-1408/18/2016
Donor-Restricted SupportAddedAccounting Standards Update No. 2016-1408/18/2016
Net Assets with Donor RestrictionsAddedAccounting Standards Update No. 2016-1408/18/2016
Net Assets without Donor RestrictionsAddedAccounting Standards Update No. 2016-1408/18/2016
Promise to GiveAddedAccounting Standards Update No. 2018-0806/21/2018
ReclassificationSupersededAccounting Standards Update No. 2016-1408/18/2016
Reclassification of Net AssetsAddedAccounting Standards Update No. 2016-1408/18/2016
Restricted SupportSupersededAccounting Standards Update No. 2016-1408/18/2016
Temporarily Restricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Unrestricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Unrestricted SupportSupersededAccounting Standards Update No. 2016-1408/18/2016
958-360-35-8AmendedAccounting Standards Update No. 2016-1408/18/2016
958-360-40-1SupersededAccounting Standards Update No. 2016-1408/18/2016
958-360-45-1AmendedAccounting Standards Update No. 2016-1408/18/2016
958-360-45-1AAddedAccounting Standards Update No. 2016-1408/18/2016
958-360-45-2SupersededAccounting Standards Update No. 2016-1408/18/2016
958-360-45-6AmendedAccounting Standards Update No. 2016-1408/18/2016
958-360-45-7AddedAccounting Standards Update No. 2016-1408/18/2016
958-360-50-1AmendedAccounting Standards Update No. 2016-1408/18/2016
958-360-50-4AmendedAccounting Standards Update No. 2025-1212/17/2025
958-360-50-7AddedAccounting Standards Update No. 2019-0303/21/2019
958-360-55-2AmendedAccounting Standards Update No. 2016-1408/18/2016
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n|\nCollections | Amended | Accounting Standards Update No. 2019-03 | 03/21/2019 |\nConditional Con…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0857b033364b4b41fc47b970e0e33a84686d23e13968546f9786651cbb089f0","downloaded_from":"2026-09-10T00:10:33.971Z","last_downloaded_at":"2026-09-10T00:10:33.971Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478562","source_sha256":"8bc51ca3b4421e19dfe4535e8928942f54dfec8feea92aeba3318350b3a282ef"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:02f34733f60db53590b673c5e2dbac2ba450f9e9cf5aec88418ec50f01b88c44","downloaded_from":"2026-09-10T00:10:33.971Z","last_downloaded_at":"2026-09-10T00:10:33.971Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478562","source_sha256":"8bc51ca3b4421e19dfe4535e8928942f54dfec8feea92aeba3318350b3a282ef"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:65222098c50f55a0bd992610a48e70409e8e81c2fb27a6e03d9a85aba5699607","downloaded_from":"2026-09-10T00:10:33.971Z","last_downloaded_at":"2026-09-10T00:10:33.971Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478562","source_sha256":"8bc51ca3b4421e19dfe4535e8928942f54dfec8feea92aeba3318350b3a282ef"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-958-05-1","para":"05-1","html":"
This Subtopic provides guidance about long-lived tangible assets held by not-for-profit entities (NFPs). It includes standards of financial accounting and reporting that require all NFPs to recognize the cost of using up long-lived tangible assets—depreciation—in financial statements.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 958-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 958-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e7d29df66d02107cf10c9e2276e80c0e5b06acd094d7c3c42c4d6b32c0ff5d08","downloaded_from":"2026-09-10T00:10:38.635Z","last_downloaded_at":"2026-09-10T00:10:38.635Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478568","source_sha256":"6845f459fd22aec722fe26be566dcc0927f36a6c265cab8ab91bffcb62a2d81e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:880a16d863f516c33d76f3c8ee6f9f3952319a6afafd9a3c628964e8eb48942d","downloaded_from":"2026-09-10T00:10:38.635Z","last_downloaded_at":"2026-09-10T00:10:38.635Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478568","source_sha256":"6845f459fd22aec722fe26be566dcc0927f36a6c265cab8ab91bffcb62a2d81e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7eb0722fc1544dbc62bdd34f272489fc0ccb326c542d8d2b6ad17a771218c557","downloaded_from":"2026-09-10T00:10:38.635Z","last_downloaded_at":"2026-09-10T00:10:38.635Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478568","source_sha256":"6845f459fd22aec722fe26be566dcc0927f36a6c265cab8ab91bffcb62a2d81e"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-958-25-1","para":"25-1","html":"
Property, plant, and equipment acquired by contribution is recognized in accordance with the Contributions Received Subsections of Subtopic 958-605. However, a not-for-profit entity (NFP) need not recognize contributions of works of art, historical treasures, and similar assets if the donated items are added to collections (see the following paragraph and paragraph 958-360-25-3).
","snippet":"Property, plant, and equipment acquired by contribution is recognized in accordance with the Contributions Received Subsections of Subtopic 958-605. However, a not-for-profit entity (NFP) need not recognize contributions…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:28dcb3f245de994f64e8bf24dbffff2e13f82d18ced52e5af65351704348cf9f","downloaded_from":"2026-09-10T00:10:44.016Z","last_downloaded_at":"2026-09-10T00:10:44.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479188","source_sha256":"0f522c7f5df4afcff9fd40f5dfb2341180545e5a98e862ae2aada2e2dbb571a1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:047dfac4d41d800ad07e33200917f9e870ea1b516d90e7e509efa4bd6d67a1b3","downloaded_from":"2026-09-10T00:10:44.016Z","last_downloaded_at":"2026-09-10T00:10:44.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479188","source_sha256":"0f522c7f5df4afcff9fd40f5dfb2341180545e5a98e862ae2aada2e2dbb571a1"}},{"block":null,"heading":"Works of Art, Historical Treasures, and Similar Items","paragraphs":[{"citation":"360-958-25-2","para":"25-2","html":"
Works of art, historical treasures, and similar items that are not part of a collection shall be recognized as assets in financial statements.
","snippet":"Works of art, historical treasures, and similar items that are not part of a collection shall be recognized as assets in financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:48d8b48071cc875328ea5acf0226969d6cda75ccb10fe905fffbdd513c98bb46","downloaded_from":"2026-09-10T00:10:44.016Z","last_downloaded_at":"2026-09-10T00:10:44.016Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479188","source_sha256":"0f522c7f5df4afcff9fd40f5dfb2341180545e5a98e862ae2aada2e2dbb571a1"}},{"citation":"360-958-25-3","para":"25-3","html":"
An NFP that holds works of art, historical treasures, and similar items that meet the definition of a collection has the following three alternative policies for reporting that collection:
  1. a
    Capitalization of all collection items
  2. b
    Capitalization of all collection items on a prospective basis (that is, all items acquired after a stated date)
  3. c
    No capitalization.
Capitalization of selected collections or items is precluded.
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Similar to items acquired in exchange transactions, the amount initially recognized for contributed property, plant, and equipment shall include all the costs incurred by the entity to place those assets in use. Examples of such costs include the freight and installation costs of contributed equipment and cataloging costs for contributed library books.
","snippet":"Similar to items acquired in exchange transactions, the amount initially recognized for contributed property, plant, and equipment shall include all the costs incurred by the entity to place those assets in use. Examples…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a66a44e645d50a70a709d4cdd5cbb3eafbcb93e7f4ad24423ad18b5c87407e14","downloaded_from":"2026-09-10T00:10:47.888Z","last_downloaded_at":"2026-09-10T00:10:47.888Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478794","source_sha256":"00da552610664703691d60b0477810375d2dd2a43a48990ddb27ab7bc2a464f9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8098f0b63daad06e1e4e25ec36920ee79548b17c85392d3854fe8e9fa2c82e13","downloaded_from":"2026-09-10T00:10:47.888Z","last_downloaded_at":"2026-09-10T00:10:47.888Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478794","source_sha256":"00da552610664703691d60b0477810375d2dd2a43a48990ddb27ab7bc2a464f9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:594fe72f4707ec72feef5d34a2c0499e8af648e26215a92cca549f88fa0ac542","downloaded_from":"2026-09-10T00:10:47.888Z","last_downloaded_at":"2026-09-10T00:10:47.888Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478794","source_sha256":"00da552610664703691d60b0477810375d2dd2a43a48990ddb27ab7bc2a464f9"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Depreciation","paragraphs":[{"citation":"360-958-35-1","para":"35-1","html":"
A not-for-profit entity (NFP) shall recognize the cost of using up the future economic benefits or service potentials of its long-lived tangible assets—depreciation.
","snippet":"A not-for-profit entity (NFP) shall recognize the cost of using up the future economic benefits or service potentials of its long-lived tangible assets—depreciation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f6de699e43d5a823ceecba2cdef2b0dc0823b88d1fb3007bf43432454ced8530","downloaded_from":"2026-09-10T00:10:50.672Z","last_downloaded_at":"2026-09-10T00:10:50.672Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477377","source_sha256":"702750f935aa392c0f484236ade40717aa30c9f084c5bb54526fec9960202e54"}},{"citation":"360-958-35-2","para":"35-2","html":"
The process of using up the future economic benefit or service potential of land often takes place over a period so long that its occurrence is imperceptible—land used as a building site is perhaps the most common example. In contrast, however, that process also sometimes occurs much more rapidly—land used as a site for toxic waste, as a source of gravel or ore, or for farming under conditions in which fertility dissipates relatively quickly and cannot be restored economically are examples.
","snippet":"The process of using up the future economic benefit or service potential of land often takes place over a period so long that its occurrence is imperceptible—land used as a building site is perhaps the most common exampl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ab20a3ccd9d76f338817c7fccc18db9c2401cf8fe0d7e79c45790e9662f126fd","downloaded_from":"2026-09-10T00:10:50.672Z","last_downloaded_at":"2026-09-10T00:10:50.672Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477377","source_sha256":"702750f935aa392c0f484236ade40717aa30c9f084c5bb54526fec9960202e54"}},{"citation":"360-958-35-3","para":"35-3","html":"
Consistent with the accepted practice for land used as a building site, depreciation need not be recognized on an individual work of art or historical treasure whose economic benefit or service potential is used up so slowly that its estimated useful life is extraordinarily long. A work of art or historical treasure shall be deemed to have that characteristic only if verifiable evidence exists demonstrating both of the following characteristics:
  1. a
    The asset individually has cultural, aesthetic, or historical value that is worth preserving perpetually.
  2. b
    The holder has the technological and financial ability to protect and preserve essentially undiminished the service potential of the asset and is doing that.
","snippet":"Consistent with the accepted practice for land used as a building site, depreciation need not be recognized on an individual work of art or historical treasure whose economic benefit or service potential is used up so sl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:993c7c9059aed95592cba60b3115acf351685e96788282f92ef1fe1de1bb3958","downloaded_from":"2026-09-10T00:10:50.672Z","last_downloaded_at":"2026-09-10T00:10:50.672Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477377","source_sha256":"702750f935aa392c0f484236ade40717aa30c9f084c5bb54526fec9960202e54"}},{"citation":"360-958-35-4","para":"35-4","html":"
A recognized cultural, aesthetic, or historical value and, generally, an already long existence have established each work of art or historical treasure as a member of a group of rare works with that characteristic. Most of them are acquired by purchase, gift, or discovery with that characteristic already having been demonstrated, and the holder or acquirer usually takes steps to protect and preserve it, for example, by keeping a work of art in a protective environment and limiting its use solely to display. While that characteristic is not limited to assets with an already long existence, an asset that has come into existence relatively recently cannot be assumed to have it in the absence of the verifiable evidence described in the preceding paragraph. For example, to put a painting in a protective environment is not by itself evidence of cultural, aesthetic, or historical value that is worth preserving perpetually.
","snippet":"A recognized cultural, aesthetic, or historical value and, generally, an already long existence have established each work of art or historical treasure as a member of a group of rare works with that characteristic. Most…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb00d408c6a8e18e9452a092f51319eec97e290a0b717003c13fa7a0ab968ef3","downloaded_from":"2026-09-10T00:10:50.672Z","last_downloaded_at":"2026-09-10T00:10:50.672Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477377","source_sha256":"702750f935aa392c0f484236ade40717aa30c9f084c5bb54526fec9960202e54"}},{"citation":"360-958-35-5","para":"35-5","html":"
The future economic benefits or service potentials of individual items comprising collections (as that term is commonly used, not necessarily as defined within this Subtopic) and of buildings and other structures—including those designated as landmarks, monuments, cathedrals, or historical treasures—are used up not only by wear and tear in intended uses but also by the continuous destructive effects of pollutants, vibrations, and so forth. The cultural, aesthetic, or historical values of those assets can be preserved, if at all, only by periodic major efforts to protect, clean, and restore them, usually at significant cost. Thus, depreciation of those assets shall be recognized.
","snippet":"The future economic benefits or service potentials of individual items comprising collections (as that term is commonly used, not necessarily as defined within this Subtopic) and of buildings and other structures—includi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c8fd2156c1e4de125ef482e9e51dca3bb0f11797d7c9bd98adf0bea8a5465f70","downloaded_from":"2026-09-10T00:10:50.672Z","last_downloaded_at":"2026-09-10T00:10:50.672Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477377","source_sha256":"702750f935aa392c0f484236ade40717aa30c9f084c5bb54526fec9960202e54"}},{"citation":"360-958-35-6","para":"35-6","html":"
Depreciation shall be recognized on any capitalized costs of major preservation or restoration devices or efforts, which provide future economic benefits or service potentials until the next expected preservation or restoration, regardless of whether depreciation is recognized on the asset being protected or restored.
","snippet":"Depreciation shall be recognized on any capitalized costs of major preservation or restoration devices or efforts, which provide future economic benefits or service potentials until the next expected preservation or rest…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c2745e589046cc60ca7ca31d1c6dbb24d755d165759fb575c211f2a47f93281","downloaded_from":"2026-09-10T00:10:50.672Z","last_downloaded_at":"2026-09-10T00:10:50.672Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477377","source_sha256":"702750f935aa392c0f484236ade40717aa30c9f084c5bb54526fec9960202e54"}},{"citation":"360-958-35-7","para":"35-7","html":"
The terms of certain grants and reimbursements from other entities may specify whether depreciation or the entire cost of the asset in the year of acquisition should be included as a cost of activities associated with those grants or reimbursements for contractual purposes (sometimes referred to as allowable costs). Those terms shall not affect the recognition and measurement of depreciation for financial reporting purposes.
","snippet":"The terms of certain grants and reimbursements from other entities may specify whether depreciation or the entire cost of the asset in the year of acquisition should be included as a cost of activities associated with th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:53d5e8412aff79493a1d52df87af1636cf517061cf2cd300a559814139b5b0f5","downloaded_from":"2026-09-10T00:10:50.672Z","last_downloaded_at":"2026-09-10T00:10:50.672Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477377","source_sha256":"702750f935aa392c0f484236ade40717aa30c9f084c5bb54526fec9960202e54"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0238780597cc1ad324dc3b7de109e4ee936f14c65809fe10eaa8817a4390d76c","downloaded_from":"2026-09-10T00:10:50.672Z","last_downloaded_at":"2026-09-10T00:10:50.672Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477377","source_sha256":"702750f935aa392c0f484236ade40717aa30c9f084c5bb54526fec9960202e54"}},{"block":null,"heading":"Impairment","paragraphs":[{"citation":"360-958-35-8","para":"35-8","html":"
When grouping assets for impairment testing as described in paragraphs
360-10-35-23 through 35-28
, an NFP that relies in part on contributions to maintain its assets may need to consider those contributions in determining the appropriate cash flows to compare with the carrying amount of an asset. If future contributions without donor restrictions to the entity as a whole are not considered, the sum of the expected future cash flows may be negative or positive but less than the carrying amount of the asset. For example, the costs of administering a museum may exceed the admission fees charged, but the museum may fund the cash flow deficit with contributions without donor restrictions.
","snippet":"When grouping assets for impairment testing as described in paragraphs 360-10-35-23 through 35-28, an NFP that relies in part on contributions to maintain its assets may need to consider those contributions in determinin…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff7303809d721819458cde11ec5e6a254cc366244e26d4bf72fcc05eb9604a36","downloaded_from":"2026-09-10T00:10:50.672Z","last_downloaded_at":"2026-09-10T00:10:50.672Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477377","source_sha256":"702750f935aa392c0f484236ade40717aa30c9f084c5bb54526fec9960202e54"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b48e6ba745becf498b182cac1d535d9f36c0a039695bda4728bd64aaf50e65b9","downloaded_from":"2026-09-10T00:10:50.672Z","last_downloaded_at":"2026-09-10T00:10:50.672Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477377","source_sha256":"702750f935aa392c0f484236ade40717aa30c9f084c5bb54526fec9960202e54"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5b466d61dbf6bd7d18668700bb49a7685270d3a7166fa90b931ed28c70bc1d72","downloaded_from":"2026-09-10T00:10:50.672Z","last_downloaded_at":"2026-09-10T00:10:50.672Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477377","source_sha256":"702750f935aa392c0f484236ade40717aa30c9f084c5bb54526fec9960202e54"}},{"number":"40","label":"40 Derecognition","anchor":"40-derecognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-958-40-1","para":"40-1","html":"
Paragraph superseded by Accounting Standards Update No. 2016-14.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2016-14.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8b03be5268066dc91bf869af11e1d373ad30091c877e1689bb9be62ea28e12f2","downloaded_from":"2026-09-10T00:10:54.518Z","last_downloaded_at":"2026-09-10T00:10:54.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478445","source_sha256":"2e39136fa78362167034f539bf80b99cb612f640e5a0064b9a14f5b3efe8beaf"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d1c1a9d9154a7f716938d887c22bb1220abb61ecf3fc4146343fc0781c3bb03","downloaded_from":"2026-09-10T00:10:54.518Z","last_downloaded_at":"2026-09-10T00:10:54.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478445","source_sha256":"2e39136fa78362167034f539bf80b99cb612f640e5a0064b9a14f5b3efe8beaf"}},{"block":null,"heading":"Disposal of a Collection Item by Contribution","paragraphs":[{"citation":"360-958-40-2","para":"40-2","html":"
A contribution made by a not-for-profit entity (NFP) of a previously recognized collection item shall be reported as an expense and a decrease in assets in the period in which the contribution is made, and shall be measured at fair value. A gain or loss shall be recognized on that contribution made if the collection item's fair value differs from its carrying amount.
","snippet":"A contribution made by a not-for-profit entity (NFP) of a previously recognized collection item shall be reported as an expense and a decrease in assets in the period in which the contribution is made, and shall be measu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2be4c0a71d2669e5e1bd749cfed5dcb5961b45a721f6f7251e36bdb4cbc82340","downloaded_from":"2026-09-10T00:10:54.518Z","last_downloaded_at":"2026-09-10T00:10:54.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478445","source_sha256":"2e39136fa78362167034f539bf80b99cb612f640e5a0064b9a14f5b3efe8beaf"}},{"citation":"360-958-40-3","para":"40-3","html":"
A contribution made by an NFP of a previously unrecognized collection item shall not be recognized on the face of the financial statements.
","snippet":"A contribution made by an NFP of a previously unrecognized collection item shall not be recognized on the face of the financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2eae9361763ac789da567764e3690025a0e78c279c8fa3d04ee46992b7a21e66","downloaded_from":"2026-09-10T00:10:54.518Z","last_downloaded_at":"2026-09-10T00:10:54.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478445","source_sha256":"2e39136fa78362167034f539bf80b99cb612f640e5a0064b9a14f5b3efe8beaf"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c55945f95fdc6450c1742084209948e2e78740e25c05ea0f8abfbd566edf822","downloaded_from":"2026-09-10T00:10:54.518Z","last_downloaded_at":"2026-09-10T00:10:54.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478445","source_sha256":"2e39136fa78362167034f539bf80b99cb612f640e5a0064b9a14f5b3efe8beaf"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:40df6807a442af269d68f83c40eea6e185044fd52a859dc96f935235ddf04e5e","downloaded_from":"2026-09-10T00:10:54.518Z","last_downloaded_at":"2026-09-10T00:10:54.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478445","source_sha256":"2e39136fa78362167034f539bf80b99cb612f640e5a0064b9a14f5b3efe8beaf"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Reclassification upon Expiration of Donor-Imposed Restrictions","paragraphs":[{"citation":"360-958-45-1","para":"45-1","html":"
If the property, plant, and equipment item being depreciated was contributed to the not-for-profit entity (NFP) with an explicit donor-imposed restriction on the length of time of the item's use, net assets with donor restrictions shall be reclassified as net assets without donor restrictions in a statement of activities as those restrictions expire. (For how to report a reclassification of net assets, see paragraph 958-220-45-3.) The amount reclassified may or may not be equal to the amount of the related depreciation. The amount to be reclassified shall be based on the length of time indicated by the donor-imposed restrictions, if restrictions exist, while the amount of depreciation shall be based on the useful economic life of the asset. For example, a computer with an estimated useful economic life of five years may be contributed by a donor and restricted for a specific use by the NFP for three years. Absent donor stipulations specifying how long such donated assets or assets constructed or acquired with cash restricted for such acquisition or construction must be used, restrictions on long-lived assets, if any, expire when the assets are placed in service as required by paragraph 958-205-45-12.
","snippet":"If the property, plant, and equipment item being depreciated was contributed to the not-for-profit entity (NFP) with an explicit donor-imposed restriction on the length of time of the item's use, net assets with donor re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d7c96ffa590ac940aa606505a1bdf8458808005b4bcfed148a38f586c538e3e","downloaded_from":"2026-09-10T00:10:58.630Z","last_downloaded_at":"2026-09-10T00:10:58.630Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479001","source_sha256":"85733701ad8a643c9d3221fdb484bc7cefca41d59e2131c7b07636bbd33378b1"}},{"citation":"360-958-45-1A","para":"45-1A","html":"
The following contributions shall be reclassified from net assets with donor restrictions to net assets without donor restrictions when the acquired or constructed property, plant, or equipment is placed in service:
  1. a
    Purpose-restricted contributions of property, plant, or equipment that are without donor-imposed stipulations specifying how long the donated asset must be used
  2. b
    Contributions of cash restricted for the acquisition or construction of property, plant, or equipment.
The entire amount of the contribution of property, plant, or equipment or cash shall be reclassified at the time the asset is placed in service. There may be circumstances in which a donor restriction might extend beyond the point at which the property, plant, or equipment is placed in service. For example, a donor might specify that a donation restricted for the acquisition of property, plant, or equipment must continue to be used for a specified period of time. In such circumstances, the restriction would expire over the period of time that the asset is to be used.
","snippet":"The following contributions shall be reclassified from net assets with donor restrictions to net assets without donor restrictions when the acquired or constructed property, plant, or equipment is placed in service:\n(a) …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c8808c06432c1831164b38bb02eb1aba8238a68865bdc81e54ea0adcce8b8c9","downloaded_from":"2026-09-10T00:10:58.630Z","last_downloaded_at":"2026-09-10T00:10:58.630Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479001","source_sha256":"85733701ad8a643c9d3221fdb484bc7cefca41d59e2131c7b07636bbd33378b1"}},{"citation":"360-958-45-2","para":"45-2","html":"
Paragraph superseded by Accounting Standards Update No. 2016-14.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2016-14.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d36ad4a2e3c46d13f9304927606ca7a852d8360afc9d7193661f59c5571070ad","downloaded_from":"2026-09-10T00:10:58.630Z","last_downloaded_at":"2026-09-10T00:10:58.630Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479001","source_sha256":"85733701ad8a643c9d3221fdb484bc7cefca41d59e2131c7b07636bbd33378b1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:033c6fda237227a88d989e10634a4c66c6be8b6cce3b40da32c4c36d213b9322","downloaded_from":"2026-09-10T00:10:58.630Z","last_downloaded_at":"2026-09-10T00:10:58.630Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479001","source_sha256":"85733701ad8a643c9d3221fdb484bc7cefca41d59e2131c7b07636bbd33378b1"}},{"block":null,"heading":"Works of Art, Historical Treasures, and Similar Assets","paragraphs":[{"citation":"360-958-45-3","para":"45-3","html":"
If an NFP does not recognize and capitalize its collections or capitalizes its collections prospectively, a line item shall be shown on the face of the statement of financial position that refers to the disclosures about collections required by paragraph 958-360-50-6. That line item shall be dated if collections are capitalized prospectively, for example, collections acquired since January 1, 20X1 (Note X). If an NFP adopts a policy of capitalizing collections, a statement of financial position shall include the total amount capitalized on a separate line item, entitled collections or collection items.
","snippet":"If an NFP does not recognize and capitalize its collections or capitalizes its collections prospectively, a line item shall be shown on the face of the statement of financial position that refers to the disclosures about…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b4b43941e2125bc18dbb997968199f7a32555d25f0ea713a867bcf8a3486650e","downloaded_from":"2026-09-10T00:10:58.630Z","last_downloaded_at":"2026-09-10T00:10:58.630Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479001","source_sha256":"85733701ad8a643c9d3221fdb484bc7cefca41d59e2131c7b07636bbd33378b1"}},{"citation":"360-958-45-4","para":"45-4","html":"
The amount capitalized for works of art, historical treasures, and similar assets that do not meet the definition of a collection shall be disclosed separately on the face of the statement of financial position or in the notes.
","snippet":"The amount capitalized for works of art, historical treasures, and similar assets that do not meet the definition of a collection shall be disclosed separately on the face of the statement of financial position or in the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:800c5c6f2e03dcfb76cac1a9ab63b520186015e173fc9abafb7755fd9932e95e","downloaded_from":"2026-09-10T00:10:58.630Z","last_downloaded_at":"2026-09-10T00:10:58.630Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479001","source_sha256":"85733701ad8a643c9d3221fdb484bc7cefca41d59e2131c7b07636bbd33378b1"}},{"citation":"360-958-45-5","para":"45-5","html":"
An NFP that does not recognize and capitalize its collections shall report all of the following on the face of its statement of activities, separately from revenues, expenses, gains, and losses:
  1. a
    Costs of collection items purchased as a decrease in the appropriate class of net assets
  2. b
    Proceeds from sale of collection items as an increase in the appropriate class of net assets
  3. c
    Proceeds from insurance recoveries of lost or destroyed collection items as an increase in the appropriate class of net assets.
Similarly, an entity that capitalizes its collections prospectively shall report proceeds from sales and insurance recoveries of items not previously capitalized separately from revenues, expenses, gains, and losses.
","snippet":"An NFP that does not recognize and capitalize its collections shall report all of the following on the face of its statement of activities, separately from revenues, expenses, gains, and losses:\n(a) Costs of collection i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e4bd85438f8f656be7be8a120f09e09330d4387a3ce817a1c1464b2ffcdfc02","downloaded_from":"2026-09-10T00:10:58.630Z","last_downloaded_at":"2026-09-10T00:10:58.630Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479001","source_sha256":"85733701ad8a643c9d3221fdb484bc7cefca41d59e2131c7b07636bbd33378b1"}},{"citation":"360-958-45-6","para":"45-6","html":"
Example 1 (see paragraph 958-360-55-2) illustrates a statement of activities that satisfies the requirements in paragraph 958-360-45-5.
","snippet":"Example 1 (see paragraph 958-360-55-2) illustrates a statement of activities that satisfies the requirements in paragraph 958-360-45-5.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cbbb0ea0ae8251e3c2d968b8504d7ce1c60f557364290a2bbd388e9dcb64234d","downloaded_from":"2026-09-10T00:10:58.630Z","last_downloaded_at":"2026-09-10T00:10:58.630Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479001","source_sha256":"85733701ad8a643c9d3221fdb484bc7cefca41d59e2131c7b07636bbd33378b1"}},{"citation":"360-958-45-7","para":"45-7","html":"
Purpose-restricted contributions of works of art, historical treasures, and similar assets and contributions of cash restricted for the acquisition or construction of such assets are reclassified when the restrictions are met in accordance with paragraph 958-360-45-1.
","snippet":"Purpose-restricted contributions of works of art, historical treasures, and similar assets and contributions of cash restricted for the acquisition or construction of such assets are reclassified when the restrictions ar…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0048bb48054d592f6a7860ffd7c86d3c37a0b5dc9efe61001ecaeafd3c218320","downloaded_from":"2026-09-10T00:10:58.630Z","last_downloaded_at":"2026-09-10T00:10:58.630Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479001","source_sha256":"85733701ad8a643c9d3221fdb484bc7cefca41d59e2131c7b07636bbd33378b1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a91dd70bd058a407eef1b76a52b6facb89be4e729d15268f78d555f30d70ac59","downloaded_from":"2026-09-10T00:10:58.630Z","last_downloaded_at":"2026-09-10T00:10:58.630Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479001","source_sha256":"85733701ad8a643c9d3221fdb484bc7cefca41d59e2131c7b07636bbd33378b1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3b41609a02211aa3d3a0bf5c30df86fa90cbb47129a240943dbade8af98d151e","downloaded_from":"2026-09-10T00:10:58.630Z","last_downloaded_at":"2026-09-10T00:10:58.630Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479001","source_sha256":"85733701ad8a643c9d3221fdb484bc7cefca41d59e2131c7b07636bbd33378b1"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Accounting Policies","paragraphs":[{"citation":"360-958-50-1","para":"50-1","html":"
A not-for-profit entity (NFP) shall disclose the following accounting policies:
  1. a
    That the entity reports donor-restricted support whose restrictions are met in the same reporting period as support within net assets without donor restrictions pursuant to paragraph 958-605-45-4 if that policy is adopted
  2. b
    Subparagraph superseded by Accounting Standards Update No. 2016-14.
  3. c
    The capitalization policy adopted
  4. d
    The capitalization policy for collections (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 for contributed items.
","snippet":"A not-for-profit entity (NFP) shall disclose the following accounting policies:\n(a) That the entity reports donor-restricted support whose restrictions are met in the same reporting period as support within net assets wi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a3d87442ef22da5a441ffc3226ac72eaa78803a4e608472270077fffebf9bbf","downloaded_from":"2026-09-10T00:11:00.636Z","last_downloaded_at":"2026-09-10T00:11:00.636Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477798","source_sha256":"4ff142fbba1b7952b85c65b3129a4e2a66f5e1e179c370c523dcfcb963881e00"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f996af008155ee824c3e4019212c312744e3b4bdf6de839f619affbbc5bb0bd3","downloaded_from":"2026-09-10T00:11:00.636Z","last_downloaded_at":"2026-09-10T00:11:00.636Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477798","source_sha256":"4ff142fbba1b7952b85c65b3129a4e2a66f5e1e179c370c523dcfcb963881e00"}},{"block":null,"heading":"Major Classes of Property, Plant, and Equipment","paragraphs":[{"citation":"360-958-50-2","para":"50-2","html":"
In the disclosures made in accordance with paragraph 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.
","snippet":"In the disclosures made in accordance with paragraph 360-10-50-1, separate disclosure shall be made of the following items:\n(a) Nondepreciable assets\n(b) Property and equipment not held for use in operations, for example…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e8c7e7a9322669e451f5558f50c9ad8cf2ff70657ef2eb9be820bd63fb403d68","downloaded_from":"2026-09-10T00:11:00.636Z","last_downloaded_at":"2026-09-10T00:11:00.636Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477798","source_sha256":"4ff142fbba1b7952b85c65b3129a4e2a66f5e1e179c370c523dcfcb963881e00"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e2a6fbe55210e2fc8d95168787b83c3ef2025fa7516d3b50928513a6bd2d5bd","downloaded_from":"2026-09-10T00:11:00.636Z","last_downloaded_at":"2026-09-10T00:11:00.636Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477798","source_sha256":"4ff142fbba1b7952b85c65b3129a4e2a66f5e1e179c370c523dcfcb963881e00"}},{"block":null,"heading":"Liquidity and Use","paragraphs":[{"citation":"360-958-50-3","para":"50-3","html":"
The notes to financial statements shall include disclosures concerning the liquidity of property, plant, and equipment, including information about limitations on their use.
","snippet":"The notes to financial statements shall include disclosures concerning the liquidity of property, plant, and equipment, including information about limitations on their use.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b110844237428118ff9589cd19eef080de348031f83167c14b988ba4922d7719","downloaded_from":"2026-09-10T00:11:00.636Z","last_downloaded_at":"2026-09-10T00:11:00.636Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477798","source_sha256":"4ff142fbba1b7952b85c65b3129a4e2a66f5e1e179c370c523dcfcb963881e00"}},{"citation":"360-958-50-4","para":"50-4","html":"
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:
105-10-65-10For 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
","snippet":"For example, the following information shall be provided:\n(a) Property, plant, and equipment pledged as collateral or otherwise subject to lien\n(b) Donor or legal limitations on the use of or proceeds from the disposal o…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e215cd25d500b9147cb69fc19dd961944882e0aa6790b4e3024056510003c0e8","downloaded_from":"2026-09-10T00:11:00.636Z","last_downloaded_at":"2026-09-10T00:11:00.636Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477798","source_sha256":"4ff142fbba1b7952b85c65b3129a4e2a66f5e1e179c370c523dcfcb963881e00"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:60e4762235c081439642df1b3002f1b6d0ec93d8f1404b4c071b205927aaa5d7","downloaded_from":"2026-09-10T00:11:00.636Z","last_downloaded_at":"2026-09-10T00:11:00.636Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477798","source_sha256":"4ff142fbba1b7952b85c65b3129a4e2a66f5e1e179c370c523dcfcb963881e00"}},{"block":null,"heading":"Works of Art, Historical Treasures, and Similar Assets","paragraphs":[{"citation":"360-958-50-5","para":"50-5","html":"
If not presented separately on the face of the statement of financial position pursuant to paragraph 958-360-45-4, the amount capitalized for works of art, historical treasures, and similar assets that do not meet the definition of a collection shall be disclosed.
","snippet":"If not presented separately on the face of the statement of financial position pursuant to paragraph 958-360-45-4, the amount capitalized for works of art, historical treasures, and similar assets that do not meet the de…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:79e1c7847d2598cd774ed4fcfcf1569592e79a94d321fa802d67648330fa9a3c","downloaded_from":"2026-09-10T00:11:00.636Z","last_downloaded_at":"2026-09-10T00:11:00.636Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477798","source_sha256":"4ff142fbba1b7952b85c65b3129a4e2a66f5e1e179c370c523dcfcb963881e00"}},{"citation":"360-958-50-6","para":"50-6","html":"
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.
","snippet":"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 collecti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:58f0b81b59d19ede5509e774f471b52597b7b6353aa311453e9136f0e4de5726","downloaded_from":"2026-09-10T00:11:00.636Z","last_downloaded_at":"2026-09-10T00:11:00.636Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477798","source_sha256":"4ff142fbba1b7952b85c65b3129a4e2a66f5e1e179c370c523dcfcb963881e00"}},{"citation":"360-958-50-7","para":"50-7","html":"
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.
","snippet":"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 …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:27a84ed8b83a530855cae218dd72348b50391681a6e9eeb9d82261ef3f72e801","downloaded_from":"2026-09-10T00:11:00.636Z","last_downloaded_at":"2026-09-10T00:11:00.636Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477798","source_sha256":"4ff142fbba1b7952b85c65b3129a4e2a66f5e1e179c370c523dcfcb963881e00"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3ce51ac4d9c502e460f01b502e318b7c8dd898f0d78879636e46de47b2aee85e","downloaded_from":"2026-09-10T00:11:00.636Z","last_downloaded_at":"2026-09-10T00:11:00.636Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477798","source_sha256":"4ff142fbba1b7952b85c65b3129a4e2a66f5e1e179c370c523dcfcb963881e00"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3bde9363ec0a1bd14f611ee7d3399ffb32b955190bf39d2b4874f128c8acf2e2","downloaded_from":"2026-09-10T00:11:00.636Z","last_downloaded_at":"2026-09-10T00:11:00.636Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477798","source_sha256":"4ff142fbba1b7952b85c65b3129a4e2a66f5e1e179c370c523dcfcb963881e00"}},{"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":"
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.
","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":"
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 be used to satisfy those financial disclosure provisions. Additionally, paragraph 958-205-55-10 contains illustrations of several formats of statements of activities that might be adapted to comply with those provisions.
","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"}}],"enrichment":{"summary":"This subtopic governs long-lived tangible assets held by not-for-profit entities, including contributed property, plant, and equipment and collection items. Its core rules are that all NFPs must recognize depreciation on long-lived tangible assets (360-958-35-1), that contributed PP&E is recognized under the Contributions Received Subsections of 958-605 with initial measurement including all costs to place the asset in use (360-958-30-1), and that an NFP holding a \"collection\" may elect one of three policies—full capitalization, prospective capitalization, or no capitalization—but capitalizing selected items is precluded (360-958-25-3).","key_points":["All NFPs shall recognize depreciation on long-lived tangible assets (360-958-35-1), and grant or reimbursement 'allowable cost' terms do not affect recognition or measurement of depreciation for financial reporting (360-958-35-7).","Works of art and historical treasures not part of a collection must be recognized as assets (360-958-25-2); contributed collection items need not be recognized, and the NFP must elect capitalization of all items, prospective capitalization, or no capitalization—selective capitalization is precluded (360-958-25-1 through 25-3).","Depreciation need not be recognized on an individual work of art or historical treasure only if verifiable evidence shows both perpetual cultural, aesthetic, or historical value worth preserving and the holder's technological and financial ability to preserve the service potential essentially undiminished, and is doing so (360-958-35-3 through 35-4).","Buildings, structures, landmarks, and monuments—and items comprising collections in the ordinary sense—are depreciated because wear, pollutants, and vibrations use up their service potential (360-958-35-5), and capitalized major preservation or restoration costs are depreciated until the next expected effort (360-958-35-6).","Purpose-restricted contributions of PP&E without a donor time stipulation, and cash restricted for acquiring or constructing PP&E, are reclassified in full to net assets without donor restrictions when the asset is placed in service (360-958-45-1A); an explicit donor time restriction instead releases over the specified period, an amount that may differ from depreciation (360-958-45-1).","An NFP that does not capitalize (or capitalizes prospectively) must show a statement of financial position line item referring to the collections disclosures, and report purchases, sale proceeds, and insurance recoveries of noncapitalized collection items on the face of the statement of activities separately from revenues, expenses, gains, and losses (360-958-45-3, 45-5).","Required disclosures include the capitalization and collection policies and basis of valuation (360-958-50-1), liquidity and limitations on use of PP&E such as liens and donor restrictions (360-958-50-3 through 50-4), and the policy on use of deaccession proceeds including the definition of 'direct care' (360-958-50-7)."],"categories":["Not-for-profit","Inventory and PP&E","Disclosure","Subsequent measurement"],"audience_level":"intermediate","student_note":"Exam questions focus on the three-way collection capitalization election (all, prospective, or none—never selective) and the narrow exception from depreciation for individual works of art, which requires BOTH perpetual value and demonstrated preservation ability. A common misunderstanding is releasing restrictions on donated PP&E over the asset's useful life; absent an explicit donor time stipulation, the entire amount is reclassified when the asset is placed in service.","related_topics":["958-605","958-205","958-220","360-10","958-10","958-360"],"key_concepts":["collections","collection capitalization policy","depreciation of long-lived assets","works of art and historical treasures","contributed property, plant, and equipment","net assets with donor restrictions","placed-in-service release of restrictions","deaccessioning and direct 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Statements","score":0.7997,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1dc50568618343ff47ecf2488a3f13506b9ad410895b1a54db846ce27af485b2","downloaded_from":"2026-09-09T22:55:47.235Z","last_downloaded_at":"2026-09-09T22:56:13.307Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-958","title":"Not-for-Profit Entities","topic_title":"Income Statement—Reporting Comprehensive Income","score":0.7931,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f601a1db4e1d4c39cb0c7e43e51c5a0f0e6a17f588b363f0e047cc81d9d06c4a","downloaded_from":"2026-09-09T23:07:15.767Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"210-958","title":"Not-for-Profit Entities","topic_title":"Balance Sheet","score":0.7847,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:27127796d6a167d914e78c83f058efebc2ff6c8f258ae50b6a6eb1f93be188fe","downloaded_from":"2026-09-09T23:02:23.603Z","last_downloaded_at":"2026-09-09T23:02:44.054Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established 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Entities","topic_title":"Investments—Other","score":0.7604,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:70cf9395c72379fb7eb53522c6a3559dc936cc6b57f7fed3660e7dbb8368ae9e","downloaded_from":"2026-09-09T23:47:13.039Z","last_downloaded_at":"2026-09-09T23:47:39.630Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"720-958","title":"Not-for-Profit Entities","topic_title":"Other Expenses","score":0.7574,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:92e9f2e5d6ba3eb4f39ad6210a0d9c21af1d6a99292e76b4c55636d4ca01e0ab","downloaded_from":"2026-09-10T01:12:58.744Z","last_downloaded_at":"2026-09-10T01:13:26.933Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"360-954","title":"Health Care Entities","topic_title":"Property, Plant, and Equipment","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3877ea24094fd2557fbc78fb8afee1953b17f3e37529318b86e715b8551a7e45","downloaded_from":"2026-09-10T00:10:25.235Z","last_downloaded_at":"2026-09-10T00:10:29.992Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"360-960","title":"Plan Accounting—Defined Benefit Pension Plans","topic_title":"Property, Plant, and Equipment","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3a51a7f425320c7e5238a51e6723f919e401869fbe1cd0a2a377714e695792d","downloaded_from":"2026-09-10T00:11:09.859Z","last_downloaded_at":"2026-09-10T00:11:20.525Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:73accc3b191b1c2d8c2a3b13c83dc131d3d8310559a4c2b62f9922e08478ad44","downloaded_from":"2026-09-10T00:10:33.971Z","last_downloaded_at":"2026-09-10T00:11:05.946Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-960","topic":"360","title":"Plan Accounting—Defined Benefit Pension Plans","area":"Assets","paragraphs":5,"summary":"This Subtopic governs how a defined benefit pension plan accounts for property, plant, and equipment it uses in operating the plan (buildings, equipment, furniture and fixtures, leasehold improvements). Unlike plan investments, which are generally reported at fair value, these operating assets are presented at cost less accumulated depreciation or amortization (360-960-35-1). The rationale is that expenditures for operating assets are advance payments for future administrative services rather than investments expected to generate cash flows to pay benefits (360-960-35-2).","concepts":["defined benefit pension plan","operating assets","cost less accumulated depreciation","plan investments at fair value","leasehold improvements","administrative services","plan financial statements"],"categories":["Subsequent measurement","Inventory and PP&E","Compensation and benefits","Presentation"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-960-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
BenefitsAmendedAccounting Standards Update No. 2016-1912/14/2016
Benefits (1st def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
Benefits (3rd def.)AddedAccounting Standards Update No. 2014-0603/14/2014
Defined Benefit PlanAddedAccounting Standards Update No. 2014-0603/14/2014
Defined Benefit Pension Plan (1st def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
960-360-05-1AmendedAccounting Standards Update No. 2014-0603/14/2014
960-360-35-2AmendedAccounting Standards Update No. 2014-0603/14/2014
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nBenefits | Amended | Accounting Standards Update No. 2016-19 | 12/14/2016 |\nBenefits (1s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c21d4af0695188407b4d62b80bc8b9441c9d94c10fc44df506d8d69201326cb8","downloaded_from":"2026-09-10T00:11:09.859Z","last_downloaded_at":"2026-09-10T00:11:09.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479080","source_sha256":"aacf6b473314077634a7fb2f753a7fabd18d8f2732df6768d16cc2895c536f3c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb6aedad76137fbb970e724c8283e9b05b29dc563dc8cd8f13615e65a4cc0f07","downloaded_from":"2026-09-10T00:11:09.859Z","last_downloaded_at":"2026-09-10T00:11:09.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479080","source_sha256":"aacf6b473314077634a7fb2f753a7fabd18d8f2732df6768d16cc2895c536f3c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4d3b508f28b77b467bff4d9ce947ec2610143aa326b993e0ee752f01cfaefd9","downloaded_from":"2026-09-10T00:11:09.859Z","last_downloaded_at":"2026-09-10T00:11:09.859Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479080","source_sha256":"aacf6b473314077634a7fb2f753a7fabd18d8f2732df6768d16cc2895c536f3c"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-960-05-1","para":"05-1","html":"
This Subtopic provides guidance on accounting for property, plant, and equipment for defined benefit pension plans.
","snippet":"This Subtopic provides guidance on accounting for property, plant, and equipment for defined benefit pension plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cfffd9455b0a0d93973562b36dd164f20c72cf48d327a2d40d9a8286ab97e566","downloaded_from":"2026-09-10T00:11:12.214Z","last_downloaded_at":"2026-09-10T00:11:12.214Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479198","source_sha256":"cd2848be938dbb0d5e0eb872ce0c3cc693f8bc1a3b620a713bc807f189245351"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:451063479441d8a9b259b4ca16eb5f485d97ad5e102deed3312ee3e93013e76d","downloaded_from":"2026-09-10T00:11:12.214Z","last_downloaded_at":"2026-09-10T00:11:12.214Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479198","source_sha256":"cd2848be938dbb0d5e0eb872ce0c3cc693f8bc1a3b620a713bc807f189245351"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e92d19ad63c7ed2306725e19802f70e5af0033ddd0efb9201333631824b2196e","downloaded_from":"2026-09-10T00:11:12.214Z","last_downloaded_at":"2026-09-10T00:11:12.214Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479198","source_sha256":"cd2848be938dbb0d5e0eb872ce0c3cc693f8bc1a3b620a713bc807f189245351"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"360-960-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 960-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 960-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:20012f29465bebf8464b498033699c1fa83ae35bc9a13ce63b6a555e5e7fc3f2","downloaded_from":"2026-09-10T00:11:14.659Z","last_downloaded_at":"2026-09-10T00:11:14.659Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479019","source_sha256":"5101d0779d8118bca9a0193c6f198d6258eae322a6c0e99bf32945ab20318ada"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8adef567af996a99425c19b4743ebb8feed445348f9b541367d7bf3c37c2419e","downloaded_from":"2026-09-10T00:11:14.659Z","last_downloaded_at":"2026-09-10T00:11:14.659Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479019","source_sha256":"5101d0779d8118bca9a0193c6f198d6258eae322a6c0e99bf32945ab20318ada"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce8fc6b519fba4de7a3a8157c89135f097101a84f998eebfbebde4383ed0a62b","downloaded_from":"2026-09-10T00:11:14.659Z","last_downloaded_at":"2026-09-10T00:11:14.659Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479019","source_sha256":"5101d0779d8118bca9a0193c6f198d6258eae322a6c0e99bf32945ab20318ada"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-960-35-1","para":"35-1","html":"
Plan assets used in plan operations shall be presented at cost less accumulated depreciation or amortization and may consist of, among others, any of the following:
  1. a
    Buildings
  2. b
    Equipment
  3. c
    Furniture and fixtures
  4. d
    Leasehold improvements.
","snippet":"Plan assets used in plan operations shall be presented at cost less accumulated depreciation or amortization and may consist of, among others, any of the following:\n(a) Buildings\n(b) Equipment\n(c) Furniture and fixtures\n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5c745c1ed6c0ab4afcc01b1803202fbae056aefd3181ac4031833e01eb3bf4aa","downloaded_from":"2026-09-10T00:11:20.525Z","last_downloaded_at":"2026-09-10T00:11:20.525Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477190","source_sha256":"61c1095c3bb6438d83f22a4737bc6175516ece24c70af92bd7742c515a6cb9e3"}},{"citation":"360-960-35-2","para":"35-2","html":"
Expenditures for operating assets are in the nature of advance payments for future administrative services. In that respect they differ from investments that are expected to generate future cash flows that will be used to provide benefits.
","snippet":"Expenditures for operating assets are in the nature of advance payments for future administrative services. In that respect they differ from investments that are expected to generate future cash flows that will be used t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:18322765e0f099821bd03032e7b0b45aa1d3f4e237e8d10aafc8955268f935db","downloaded_from":"2026-09-10T00:11:20.525Z","last_downloaded_at":"2026-09-10T00:11:20.525Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477190","source_sha256":"61c1095c3bb6438d83f22a4737bc6175516ece24c70af92bd7742c515a6cb9e3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c73026c2228ca3f69350d3b13040a44e9205bf4af8d402594f16ba6df81484d3","downloaded_from":"2026-09-10T00:11:20.525Z","last_downloaded_at":"2026-09-10T00:11:20.525Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477190","source_sha256":"61c1095c3bb6438d83f22a4737bc6175516ece24c70af92bd7742c515a6cb9e3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a43dce452d917ad04ce5c1778d20d2d5e234cdd1b8492da7badc09e2423ca06","downloaded_from":"2026-09-10T00:11:20.525Z","last_downloaded_at":"2026-09-10T00:11:20.525Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477190","source_sha256":"61c1095c3bb6438d83f22a4737bc6175516ece24c70af92bd7742c515a6cb9e3"}}],"enrichment":{"summary":"This Subtopic governs how a defined benefit pension plan accounts for property, plant, and equipment it uses in operating the plan (buildings, equipment, furniture and fixtures, leasehold improvements). Unlike plan investments, which are generally reported at fair value, these operating assets are presented at cost less accumulated depreciation or amortization (360-960-35-1). The rationale is that expenditures for operating assets are advance payments for future administrative services rather than investments expected to generate cash flows to pay benefits (360-960-35-2).","key_points":["The Subtopic provides guidance on accounting for property, plant, and equipment of defined benefit pension plans (360-960-05-1).","Scope follows the Overall Subtopic scope in Section 960-10-15 (360-960-15-1).","Plan assets used in plan operations are presented at cost less accumulated depreciation or amortization (360-960-35-1).","Operating assets may include buildings, equipment, furniture and fixtures, and leasehold improvements (360-960-35-1).","Expenditures for operating assets are in the nature of advance payments for future administrative services, distinguishing them from investments expected to generate future cash flows used to provide benefits (360-960-35-2)."],"categories":["Subsequent measurement","Inventory and PP&E","Compensation and 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Equipment","score":0.8813,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:053c9aec21716fca7b693dbe534a2b9cd69dc0d8ffd9f586932cf0cce8da06f9","downloaded_from":"2026-09-10T00:11:37.708Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"960-30","title":"Net Assets Available for Plan Benefits","topic_title":"Plan Accounting—Defined Benefit Pension 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Equipment","score":0.7321,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f631310ad681b73ebbc5f7549c83302c09834d3ef68d324fce87168854546f6","downloaded_from":"2026-09-10T00:09:35.986Z","last_downloaded_at":"2026-09-10T00:09:48.609Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"960-10","title":"Overall","topic_title":"Plan Accounting—Defined Benefit Pension 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The core rule is that such operating assets — buildings, equipment, furniture and fixtures, and leasehold improvements — are reported at cost less accumulated depreciation or amortization, rather than at fair value like investment assets.","concepts":["defined contribution plan","operating assets","property, plant, and equipment","cost less accumulated depreciation","leasehold improvements","plan accounting","amortization"],"categories":["Subsequent measurement","Inventory and PP&E","Compensation and benefits","Industry-specific"],"level":"introductory","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-962-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Defined Contribution PlanAddedAccounting Standards Update No. 2018-0907/16/2018
962-360-05-1AddedAccounting Standards Update No. 2018-0907/16/2018
962-360-15-1AddedAccounting Standards Update No. 2018-0907/16/2018
962-360-35-1AddedAccounting Standards Update No. 2018-0907/16/2018
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nDefined Contribution Plan | Added | Accounting Standards Update No. 2018-09 | 07/16/2018…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7c4a96c60e34461f9124d012e1157e6e3193bf5c5fd98dc6dd058910a8beefac","downloaded_from":"2026-09-10T00:11:24.376Z","last_downloaded_at":"2026-09-10T00:11:24.376Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478678","source_sha256":"97c867862ff9877c1a41d29a95b306fcfba27253685e5667e9caa3afe9667a83"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d604c678a75ce317a1aff701cf0a305a697a00657d01d79501a5b9a869fb04a","downloaded_from":"2026-09-10T00:11:24.376Z","last_downloaded_at":"2026-09-10T00:11:24.376Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478678","source_sha256":"97c867862ff9877c1a41d29a95b306fcfba27253685e5667e9caa3afe9667a83"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef68dbf64869a5ffed4ccc8111f3281668de0484234fc52576e0c3856b5c2abe","downloaded_from":"2026-09-10T00:11:24.376Z","last_downloaded_at":"2026-09-10T00:11:24.376Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478678","source_sha256":"97c867862ff9877c1a41d29a95b306fcfba27253685e5667e9caa3afe9667a83"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-962-05-1","para":"05-1","html":"
This Subtopic provides guidance on accounting for property, plant, and equipment for defined contribution plans.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic; see Section 962-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic; see Section 962-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ec3b834ff4b96d902079763edd965fc779c7c694cc9c03316e694363b9640f1","downloaded_from":"2026-09-10T00:11:29.652Z","last_downloaded_at":"2026-09-10T00:11:29.652Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478639","source_sha256":"a7c70a5f3f4b19c27b0f1efb9d0723b53621acda2c8e5d2350df484b0faa86a2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:93eed4acfdb8e9003cfc76ff2810577dfeabfa56511d839477ab488f61f36b0a","downloaded_from":"2026-09-10T00:11:29.652Z","last_downloaded_at":"2026-09-10T00:11:29.652Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478639","source_sha256":"a7c70a5f3f4b19c27b0f1efb9d0723b53621acda2c8e5d2350df484b0faa86a2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d40847a16689c1ca3ff3d408b0ad47166f9e5086c0d258d5cf2f30bba662b99a","downloaded_from":"2026-09-10T00:11:29.652Z","last_downloaded_at":"2026-09-10T00:11:29.652Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478639","source_sha256":"a7c70a5f3f4b19c27b0f1efb9d0723b53621acda2c8e5d2350df484b0faa86a2"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-962-35-1","para":"35-1","html":"
Plan assets used in plan operations shall be reported at cost less accumulated depreciation or amortization and may consist of any of the following:
  1. a
    Buildings
  2. b
    Equipment
  3. c
    Furniture and fixtures
  4. d
    Leasehold improvements.
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The core rule is that such operating assets — buildings, equipment, furniture and fixtures, and leasehold improvements — are reported at cost less accumulated depreciation or amortization, rather than at fair value like investment assets.","key_points":["This Subtopic provides guidance on accounting for property, plant, and equipment for defined contribution plans (360-962-05-1).","Its scope is the same as the Overall Subtopic, Section 962-10-15 (360-962-15-1).","Plan assets used in plan operations shall be reported at cost less accumulated depreciation or amortization (360-962-35-1).","Operating assets covered may include buildings, equipment, furniture and fixtures, and leasehold improvements (360-962-35-1(a) through (d)).","The cost-less-depreciation model applies to assets used in operating the plan, distinguishing them from the plan's investments, which are measured under the Topic 962 investment guidance."],"categories":["Subsequent measurement","Inventory and PP&E","Compensation 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Benefit Plans","area":"Assets","paragraphs":6,"summary":"This subtopic tells health and welfare benefit plans how to measure property, plant, and equipment on the plan's financial statements. Assets used in plan operations (buildings, equipment, furniture and fixtures, leasehold improvements) are carried at cost less accumulated depreciation or amortization, while real estate and other holdings held as plan investments are reported at fair value less costs to sell, if significant, as of the financial statement date.","concepts":["health and welfare benefit plan","assets used in plan operations","cost less accumulated depreciation","plan investments","fair value less costs to sell","real estate investments","insurance contracts","leasehold improvements"],"categories":["Subsequent measurement","Inventory and PP&E","Fair value","Compensation and benefits"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-965-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Fair Value (2nd def.)SupersededAccounting Standards Update No. 2012-0410/01/2012
Fair ValueAddedAccounting Standards Update No. 2012-0410/01/2012
Plan Assets (1st def.)AmendedAccounting Standards Update No. 2016-1912/14/2016
Plan Assets (1st def.)AddedAccounting Standards Update No. 2014-0603/14/2014
965-360-35-1AmendedAccounting Standards Update No. 2014-0603/14/2014
965-360-35-2AmendedAccounting Standards Update No. 2012-0410/01/2012
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nFair Value (2nd def.) | Superseded | Accounting Standards Update No. 2012-04 | 10/01/201…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0c9eb935a2507d64371848f3843aee91f35ad71e8f4c74321de1e4e7becff99","downloaded_from":"2026-09-10T00:11:37.708Z","last_downloaded_at":"2026-09-10T00:11:37.708Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479061","source_sha256":"5aa942ad757f98e163a793df6ad4350f1a95960c6f1f0f524085bcf9efe15f62"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3edbfa8d219c7e35cbcb98c8a46341440d66cad19764a61f59e7a64507c160ac","downloaded_from":"2026-09-10T00:11:37.708Z","last_downloaded_at":"2026-09-10T00:11:37.708Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479061","source_sha256":"5aa942ad757f98e163a793df6ad4350f1a95960c6f1f0f524085bcf9efe15f62"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e0ad6b65eac84a4703357eb0c4b56a79000753ce54e069c7cb0bb3b4489751f","downloaded_from":"2026-09-10T00:11:37.708Z","last_downloaded_at":"2026-09-10T00:11:37.708Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479061","source_sha256":"5aa942ad757f98e163a793df6ad4350f1a95960c6f1f0f524085bcf9efe15f62"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-965-05-1","para":"05-1","html":"
This Subtopic provides guidance on property, plant, and equipment for health and welfare benefit plans.
","snippet":"This Subtopic provides guidance on property, plant, and equipment for health and welfare benefit plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a392010ed4c5c75f45768b227453f9a333d3a561b99cfb69c8780b414de90aaa","downloaded_from":"2026-09-10T00:11:41.081Z","last_downloaded_at":"2026-09-10T00:11:41.081Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477340","source_sha256":"88db42e51276cc64b85f8361b74b94755ebf154e6514f174f371c41dfbaf3450"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d1feeede1fa0eb658e0128bbf670d5dd9bddeb61628f2e9ccfb3b68beaafdfe4","downloaded_from":"2026-09-10T00:11:41.081Z","last_downloaded_at":"2026-09-10T00:11:41.081Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477340","source_sha256":"88db42e51276cc64b85f8361b74b94755ebf154e6514f174f371c41dfbaf3450"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3415fcb34dc35185c59c9322f80a1e807cdd0decd8f0fdefb545841a355701c0","downloaded_from":"2026-09-10T00:11:41.081Z","last_downloaded_at":"2026-09-10T00:11:41.081Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477340","source_sha256":"88db42e51276cc64b85f8361b74b94755ebf154e6514f174f371c41dfbaf3450"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"360-965-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 965-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 965-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5aaba81b34123339b8e94f94ff165dfcddf9c0e7a2230d42c885a382170f47bc","downloaded_from":"2026-09-10T00:11:44.478Z","last_downloaded_at":"2026-09-10T00:11:44.478Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478622","source_sha256":"2d6dd5ba8418d7fe7d61fabba35652183026da94ab1afbc68bd4d2cc945fa256"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5a9149bb80e4aa98158060d3981661f9ef7290387efe83063f06716d27e8111","downloaded_from":"2026-09-10T00:11:44.478Z","last_downloaded_at":"2026-09-10T00:11:44.478Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478622","source_sha256":"2d6dd5ba8418d7fe7d61fabba35652183026da94ab1afbc68bd4d2cc945fa256"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:478365a4f76c20bf1355b350f1caf198b2769145c115b831ca29599b7291915d","downloaded_from":"2026-09-10T00:11:44.478Z","last_downloaded_at":"2026-09-10T00:11:44.478Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478622","source_sha256":"2d6dd5ba8418d7fe7d61fabba35652183026da94ab1afbc68bd4d2cc945fa256"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-965-35-1","para":"35-1","html":"
Plan assets used in plan operations shall be reported at cost less accumulated depreciation or amortization and may consist of any of the following:
  1. a
    Buildings
  2. b
    Equipment
  3. c
    Furniture and fixtures
  4. d
    Leasehold improvements.
","snippet":"Plan assets used in plan operations shall be reported at cost less accumulated depreciation or amortization and may consist of any of the following:\n(a) Buildings\n(b) Equipment\n(c) Furniture and fixtures\n(d) Leasehold im…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4286d39f5eee48e6b2851151579ddb49e4dfc6093af3701246bc0ee235c2eba7","downloaded_from":"2026-09-10T00:11:48.609Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477961","source_sha256":"c5179aa26690a3b7c2231f1a501402b4094b927d7259b9f57cb318e19ea9e45d"}},{"citation":"360-965-35-2","para":"35-2","html":"
Plan investments in the form of real estate or other investments (excluding insurance contracts), shall be reported at their fair value less costs to sell, if significant, at the financial statement date.
","snippet":"Plan investments in the form of real estate or other investments (excluding insurance contracts), shall be reported at their fair value less costs to sell, if significant, at the financial statement date.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:18fb787f577bcc2c74df1e895beb3438350067243830807cb1d6b9280955b072","downloaded_from":"2026-09-10T00:11:48.609Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477961","source_sha256":"c5179aa26690a3b7c2231f1a501402b4094b927d7259b9f57cb318e19ea9e45d"}},{"citation":"360-965-35-3","para":"35-3","html":"
See Subtopic 965-325 for guidance on accounting for other investments, in particular investment and insurance contracts, of health and welfare benefit plans.
","snippet":"See Subtopic 965-325 for guidance on accounting for other investments, in particular investment and insurance contracts, of health and welfare benefit plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e3068ec2d7c9492aa01880c5a94fde430f758f9bb0fb1b7ae328e60841a838d","downloaded_from":"2026-09-10T00:11:48.609Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477961","source_sha256":"c5179aa26690a3b7c2231f1a501402b4094b927d7259b9f57cb318e19ea9e45d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:72ee449bbb804c092796a79c6c82db1e0018c7403e19c19ebe02b843bf7ec6d7","downloaded_from":"2026-09-10T00:11:48.609Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477961","source_sha256":"c5179aa26690a3b7c2231f1a501402b4094b927d7259b9f57cb318e19ea9e45d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:231f0fef8b0bcd035b9fff1bd84e288bd78ba5d0a029315bb9647ee5c09f8f3d","downloaded_from":"2026-09-10T00:11:48.609Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477961","source_sha256":"c5179aa26690a3b7c2231f1a501402b4094b927d7259b9f57cb318e19ea9e45d"}}],"enrichment":{"summary":"This subtopic tells health and welfare benefit plans how to measure property, plant, and equipment on the plan's financial statements. Assets used in plan operations (buildings, equipment, furniture and fixtures, leasehold improvements) are carried at cost less accumulated depreciation or amortization, while real estate and other holdings held as plan investments are reported at fair value less costs to sell, if significant, as of the financial statement date.","key_points":["Plan assets used in plan operations are reported at cost less accumulated depreciation or amortization (360-965-35-1).","Assets used in operations may include buildings, equipment, furniture and fixtures, and leasehold improvements (360-965-35-1(a)-(d)).","Plan investments in real estate or other investments (excluding insurance contracts) are reported at fair value less costs to sell, if significant, at the financial statement date (360-965-35-2).","Accounting for other investments, particularly investment and insurance contracts, is addressed in Subtopic 965-325 (360-965-35-3).","The scope of this Subtopic follows Section 965-10-15, the Overall Subtopic's scope and scope exceptions (360-965-15-1)."],"categories":["Subsequent measurement","Inventory and PP&E","Fair value","Compensation and benefits"],"audience_level":"intermediate","student_note":"The exam trap is the split measurement model: the same asset class (e.g., a building) is carried at depreciated cost if the plan uses it to run operations, but at fair value less costs to sell if the plan holds it as an investment. Ask what the asset is used for, not what it is.","related_topics":["965-10","965-325","965-360","360-10","820","960"],"key_concepts":["health and welfare benefit plan","assets used in plan operations","cost less accumulated depreciation","plan investments","fair value less costs to sell","real estate investments","insurance contracts","leasehold improvements"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:466ad2ab9882f0be735ec28ff7e03a56bd7ae87d706b3a1e75a565cb508a4a96","downloaded_from":"2026-09-10T00:11:37.708Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"360-962","title":"Plan Accounting—Defined Contribution Pension Plans","topic_title":"Property, Plant, and 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It requires costs clearly associated with the acquisition, development, and construction of a real estate project to be capitalized and then allocated to project components (by specific identification, then relative fair value/sales value, then area methods), addresses donated and abandoned real estate and changes in use, and applies the Subtopic 360-10 impairment model project by project. For syndications, fees paid to and rentals received from a developer-seller under a master leaseback are adjustments to the basis of the property.","concepts":["real estate project costs","cost capitalization and allocation","indirect project costs","master leaseback","real estate syndication","abandonment","change in use","impairment of long-lived assets"],"categories":["Inventory and PP&E","Initial measurement","Impairment","Industry-specific"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-970-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Phase (1st def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
Phase (2nd def.)AddedAccounting Standards Update No. 2014-0603/14/2014
970-360-25-2AmendedAccounting Standards Update No. 2020-1010/29/2020
970-360-25-2AmendedAccounting Standards Update No. 2014-0905/28/2014
970-360-25-4AmendedAccounting Standards Update No. 2014-0905/28/2014
970-360-30-1AmendedAccounting Standards Update No. 2014-0603/14/2014
970-360-55-4SupersededAccounting Standards Update No. 2014-0905/28/2014
970-360-55-5SupersededAccounting Standards Update No. 2014-0905/28/2014
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The content in this Subtopic is contained in the Real Estate Syndication Subsections and the Real Estate Project Costs Subsections.
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The Real Estate Syndication Subsections of this Subtopic provide guidance on the accounting treatment by a real estate syndication for payments to and receipts from a real estate developer that sold property to the syndication.
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The Real Estate Project Costs Subsections of this Subtopic provide recognition and measurement guidance on the allocation of capitalized costs of real estate projects and changes in the use of real estate. In addition, they discuss the treatment of real estate donated or abandoned and the recoverability of the carrying amount of real estate projects.
","snippet":"The Real Estate Project Costs Subsections of this Subtopic provide recognition and measurement guidance on the allocation of capitalized costs of real estate projects and changes in the use of real estate. In addition, t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2da43760cf6efac8953e20e52f22cc12748634adea1f903a750366b7514ec0e0","downloaded_from":"2026-09-10T00:11:53.873Z","last_downloaded_at":"2026-09-10T00:11:53.873Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478894","source_sha256":"8b9bbd5f91ae5c492454e88e9b9116099f5d8f5b7e9cca07ca565f193c303e8c"}},{"citation":"360-970-05-4","para":"05-4","html":"
See Subtopic 970-340 for additional guidance on capitalization of real estate project costs.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 970-10-15.
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The Real Estate Syndication Subsections follow the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see the Real Estate Syndication Subsection of Section 970-10-15.
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The Real Estate Project Costs Subsections follow the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see the Real Estate Project Costs Subsection of Section 970-10-15.
","snippet":"The Real Estate Project Costs Subsections follow the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see the Real Estate Project Costs Subsection of Section 970-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:570a35d827c1e81ca8765154fc011318d57b67078217fe6c1d93ba27df245fcb","downloaded_from":"2026-09-10T00:11:57.409Z","last_downloaded_at":"2026-09-10T00:11:57.409Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477970","source_sha256":"e8c07d897d3350d3cfd0535b093195df65b29002cffd1144fb21fd2ec8d2ffb6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5006c3892e25288a3da19641d7370eeccd06105acbb14e4ab8990505dddc85c2","downloaded_from":"2026-09-10T00:11:57.409Z","last_downloaded_at":"2026-09-10T00:11:57.409Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477970","source_sha256":"e8c07d897d3350d3cfd0535b093195df65b29002cffd1144fb21fd2ec8d2ffb6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e26d4ea9fae1201a6071ba87851d071363d90bf3438f93a8470719e686425902","downloaded_from":"2026-09-10T00:11:57.409Z","last_downloaded_at":"2026-09-10T00:11:57.409Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477970","source_sha256":"e8c07d897d3350d3cfd0535b093195df65b29002cffd1144fb21fd2ec8d2ffb6"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":"Real Estate Syndication","heading":null,"paragraphs":[{"citation":"360-970-25-1","para":"25-1","html":"
If a real estate developer sells a recently constructed office building to a public real estate syndication and negotiates a master leaseback agreement with the syndication general partner, under which the syndication pays a fee to the seller and the seller leases the vacant space at a market rate at the date of sale for a defined lease-up period, payments to and receipts from the seller shall be treated by the syndication as adjustments to the basis of the property and will affect future depreciation. See paragraph 970-360-55-3 for guidance if the terms of the agreement meet the definition of a derivative.
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Project costs, which are costs that are clearly associated with the acquisition, development, and construction of a real estate project, shall be capitalized as a cost of that project. See Topic 340-40 for guidance on capitalization of costs that are not within the scope of this Subtopic or Subtopic 970-340.
","snippet":"Project costs, which are costs that are clearly associated with the acquisition, development, and construction of a real estate project, shall be capitalized as a cost of that project. See Topic 340-40 for guidance on ca…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e95a893b8b982abf7e5de575924d026b232775e3cea5655253935758f80f7011","downloaded_from":"2026-09-10T00:12:05.574Z","last_downloaded_at":"2026-09-10T00:12:05.574Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477740","source_sha256":"58a121fdd46bf2d833fb6a1e623e0bafb3cea01180b83480ab9b20a530e70e0e"}},{"citation":"360-970-25-3","para":"25-3","html":"
Indirect project costs that relate to several projects shall be capitalized and allocated to the projects to which the costs relate.
","snippet":"Indirect project costs that relate to several projects shall be capitalized and allocated to the projects to which the costs relate.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:624d1a9933a32f8a6f68495957a5b9a4b985869c0a5f80601d1b470296e73a13","downloaded_from":"2026-09-10T00:12:05.574Z","last_downloaded_at":"2026-09-10T00:12:05.574Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477740","source_sha256":"58a121fdd46bf2d833fb6a1e623e0bafb3cea01180b83480ab9b20a530e70e0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f6e17482e54ddfaa730acafad67ebabcabaf387d7356158d3691c0c9be39c99","downloaded_from":"2026-09-10T00:12:05.574Z","last_downloaded_at":"2026-09-10T00:12:05.574Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477740","source_sha256":"58a121fdd46bf2d833fb6a1e623e0bafb3cea01180b83480ab9b20a530e70e0e"}},{"block":"Real Estate Project Costs","heading":"Assets Transferred Between Entities","paragraphs":[{"citation":"360-970-25-4","para":"25-4","html":"
See Section 974-720-25 for adjustment of assets that will be transferred between a real estate investment trust and its adviser.
","snippet":"See Section 974-720-25 for adjustment of assets that will be transferred between a real estate investment trust and its adviser.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6c14c156b005723e542740163c27f180286242a6e7826163c1878fea1476a05","downloaded_from":"2026-09-10T00:12:05.574Z","last_downloaded_at":"2026-09-10T00:12:05.574Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477740","source_sha256":"58a121fdd46bf2d833fb6a1e623e0bafb3cea01180b83480ab9b20a530e70e0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:458bc140bf919167d1fe43ecfcce36e7b439e739f85bb0e788b7d45c83da8629","downloaded_from":"2026-09-10T00:12:05.574Z","last_downloaded_at":"2026-09-10T00:12:05.574Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477740","source_sha256":"58a121fdd46bf2d833fb6a1e623e0bafb3cea01180b83480ab9b20a530e70e0e"}},{"block":"Real Estate Project Costs","heading":"Other Considerations","paragraphs":[{"citation":"360-970-25-5","para":"25-5","html":"
See Section 410-20-25 regarding accounting for retirement and environmental costs at acquisition.
","snippet":"See Section 410-20-25 regarding accounting for retirement and environmental costs at acquisition.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:84e7fbcaa312a2f674f5c14c154bfaec041af55ee07b21c1ff37f75925e8ee36","downloaded_from":"2026-09-10T00:12:05.574Z","last_downloaded_at":"2026-09-10T00:12:05.574Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477740","source_sha256":"58a121fdd46bf2d833fb6a1e623e0bafb3cea01180b83480ab9b20a530e70e0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a4ea9d0eae745e94945eaf190c7a1289a0534c61ce320f196fa35eb90c185324","downloaded_from":"2026-09-10T00:12:05.574Z","last_downloaded_at":"2026-09-10T00:12:05.574Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477740","source_sha256":"58a121fdd46bf2d833fb6a1e623e0bafb3cea01180b83480ab9b20a530e70e0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6af13e83ce94f20f2a8f13ca47549663ff4564a056563f96c22d8fb365efb9ff","downloaded_from":"2026-09-10T00:12:05.574Z","last_downloaded_at":"2026-09-10T00:12:05.574Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477740","source_sha256":"58a121fdd46bf2d833fb6a1e623e0bafb3cea01180b83480ab9b20a530e70e0e"}},{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":"Real Estate Project Costs","heading":"Allocation of Capitalized Costs","paragraphs":[{"citation":"360-970-30-1","para":"30-1","html":"
The capitalized costs of real estate projects shall be assigned to individual components of the project based on specific identification. If specific identification is not practicable, capitalized costs shall be allocated as follows:
  1. a
    Land cost and all other common costs, including the costs of amenities to be allocated as common costs per paragraphs
    970-340-25-9 through 25-11
     (before construction), shall be allocated to each land parcel benefited. Allocation shall be based on the relative fair value before construction.
  2. b
    Construction costs shall be allocated to individual units in the phase on the basis of relative sales value of each unit.
If allocation based on relative value also is impracticable, capitalized costs shall be allocated based on area methods (for example, square footage) or other value methods as appropriate under the circumstances.
","snippet":"The capitalized costs of real estate projects shall be assigned to individual components of the project based on specific identification. If specific identification is not practicable, capitalized costs shall be allocate…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:928554e81007fc2ead7a7a4f2c1ae379cda404163d91ec3a8b50da5d162f4bb3","downloaded_from":"2026-09-10T00:12:09.258Z","last_downloaded_at":"2026-09-10T00:12:09.258Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478150","source_sha256":"d3c0bc4629e815eda8612f3796d1b282c303417890ea1c2abc7fbba9f4782699"}},{"citation":"360-970-30-2","para":"30-2","html":"
As indicated in paragraph 970-360-35-1, certain donated land shall be allocated to project costs.
","snippet":"As indicated in paragraph 970-360-35-1, certain donated land shall be allocated to project costs.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ab64b255bd3419ab0347ef7a5e01b795a99b26010e17b1fec718ac75349f6a34","downloaded_from":"2026-09-10T00:12:09.258Z","last_downloaded_at":"2026-09-10T00:12:09.258Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478150","source_sha256":"d3c0bc4629e815eda8612f3796d1b282c303417890ea1c2abc7fbba9f4782699"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:94eb690b32489cd688791448e9cc02f14853b11368efa709a0ac4b8bd25a067c","downloaded_from":"2026-09-10T00:12:09.258Z","last_downloaded_at":"2026-09-10T00:12:09.258Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478150","source_sha256":"d3c0bc4629e815eda8612f3796d1b282c303417890ea1c2abc7fbba9f4782699"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c16addaccd9c0024956e4659430dcd75a69b911ad1b6f4ecab49ee9703f9a1b2","downloaded_from":"2026-09-10T00:12:09.258Z","last_downloaded_at":"2026-09-10T00:12:09.258Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478150","source_sha256":"d3c0bc4629e815eda8612f3796d1b282c303417890ea1c2abc7fbba9f4782699"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":"Real Estate Project Costs","heading":"Real Estate Donated to Government Agencies","paragraphs":[{"citation":"360-970-35-1","para":"35-1","html":"
Real estate donated to municipalities or other governmental agencies for uses that will benefit the project are not abandonments. The cost of the real estate donated shall be allocated as a common cost of the project.
","snippet":"Real estate donated to municipalities or other governmental agencies for uses that will benefit the project are not abandonments. The cost of the real estate donated shall be allocated as a common cost of the project.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ecc486090fdb45557bab99fc5f2adea46663f4750c12055e869e73bd1ee3bd7","downloaded_from":"2026-09-10T00:12:11.808Z","last_downloaded_at":"2026-09-10T00:12:11.808Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479166","source_sha256":"0a4e2383148be20703d3744e6d065783984780262aaa444468ad3b96aa5f0cd3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:950f5fe1ef53aba8fe433d136785f4e03fc3e1a5ceb87b2544b37a3fed7eaa7b","downloaded_from":"2026-09-10T00:12:11.808Z","last_downloaded_at":"2026-09-10T00:12:11.808Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479166","source_sha256":"0a4e2383148be20703d3744e6d065783984780262aaa444468ad3b96aa5f0cd3"}},{"block":"Real Estate Project Costs","heading":"Changes in Use of Real Estate Acquired for Development","paragraphs":[{"citation":"360-970-35-2","para":"35-2","html":"
Changes in the use of real estate comprising a project or a portion of a project may arise after significant development and construction costs have been incurred. If the change in use is made pursuant to a formal plan for a project that is expected to produce a higher economic yield (as compared to its yield based on use before change), the development and construction costs to be charged to expense shall be limited to the amount by which the capitalized costs incurred and to be incurred exceed the estimated value of the revised project when it is substantially complete and ready for its intended use.
","snippet":"Changes in the use of real estate comprising a project or a portion of a project may arise after significant development and construction costs have been incurred. If the change in use is made pursuant to a formal plan f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cc2e7e77f87a54fa90b103e39697582eead6f58f85c7481fa72a0898393fed11","downloaded_from":"2026-09-10T00:12:11.808Z","last_downloaded_at":"2026-09-10T00:12:11.808Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479166","source_sha256":"0a4e2383148be20703d3744e6d065783984780262aaa444468ad3b96aa5f0cd3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ebaae1ac69592f801fd99867e7295a40774b8fccf7d045fcb022bb226c7341f5","downloaded_from":"2026-09-10T00:12:11.808Z","last_downloaded_at":"2026-09-10T00:12:11.808Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479166","source_sha256":"0a4e2383148be20703d3744e6d065783984780262aaa444468ad3b96aa5f0cd3"}},{"block":"Real Estate Project Costs","heading":"Recoverability","paragraphs":[{"citation":"360-970-35-3","para":"35-3","html":"
The provisions in Subtopic 360-10 for long-lived assets to be disposed of by sale shall apply to a real estate project, or parts thereof, that is substantially completed and that is to be sold. The provisions in that Topic for long-lived assets to be held and used shall apply to real estate held for development, including property to be developed in the future as well as that currently under development, and to a real estate project, or parts thereof, that is substantially completed and that is to be held and used (for example, for rental). Determining whether the carrying amounts of real estate projects require recognition of an impairment loss shall be based on an evaluation of individual projects. An individual project, for this purpose, consists of components that are relatively homogeneous, integral parts of a whole (for example, individual houses in a residential tract, individual units in a condominium complex, and individual lots in a subdivision and amenities). Therefore, a multiphase development consisting of a tract of single-family houses, a condominium complex, and a lot subdivision generally would be evaluated as three separate projects.
","snippet":"The provisions in Subtopic 360-10 for long-lived assets to be disposed of by sale shall apply to a real estate project, or parts thereof, that is substantially completed and that is to be sold. The provisions in that Top…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ab037850175d82be2c61049a21155dc063051a253997dca258ed205d5cab067","downloaded_from":"2026-09-10T00:12:11.808Z","last_downloaded_at":"2026-09-10T00:12:11.808Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479166","source_sha256":"0a4e2383148be20703d3744e6d065783984780262aaa444468ad3b96aa5f0cd3"}},{"citation":"360-970-35-4","para":"35-4","html":"
Paragraph 360-10-35-21 provides examples of events or changes in circumstances that indicate that the recoverability of the carrying amount of a long-lived asset shall be assessed. Insufficient rental demand for a rental project currently under construction is an additional example that indicates that the recoverability of the real estate project shall be assessed in accordance with the provisions of Subtopic 360-10.
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If real estate, including rights to real estate, is abandoned (for example, by allowing a mortgage to be foreclosed or a purchase option to lapse), capitalized costs of that real estate shall be expensed. Such costs shall not be allocated to other components of the project or to other projects.
","snippet":"If real estate, including rights to real estate, is abandoned (for example, by allowing a mortgage to be foreclosed or a purchase option to lapse), capitalized costs of that real estate shall be expensed. Such costs shal…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:14c6791e54d2ddbf48bc4b1c4add9d251aed62ddc2e74896a10e00e05a0caf39","downloaded_from":"2026-09-10T00:12:15.720Z","last_downloaded_at":"2026-09-10T00:12:15.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477297","source_sha256":"a21e1f464076f98ae35e4caefd2c5cfd2b401974a49061593119f470b7dfd013"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7badcc3cf0093675fd2e119a8fac0c4be9d2e8edaff6533319d67628497e515c","downloaded_from":"2026-09-10T00:12:15.720Z","last_downloaded_at":"2026-09-10T00:12:15.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477297","source_sha256":"a21e1f464076f98ae35e4caefd2c5cfd2b401974a49061593119f470b7dfd013"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a11f91eaf38f1dbf65aa082f491758a458a3019ac7686b7a00e6cf2dc0d48b85","downloaded_from":"2026-09-10T00:12:15.720Z","last_downloaded_at":"2026-09-10T00:12:15.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477297","source_sha256":"a21e1f464076f98ae35e4caefd2c5cfd2b401974a49061593119f470b7dfd013"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":"Real Estate Syndication","heading":"Implementation Guidance","paragraphs":[{"citation":"360-970-55-1","para":"55-1","html":"
In the following example, a real estate developer sells a recently constructed office building to a public real estate blind pool syndication. Because the property is not yet fully occupied, the general partner of the syndication negotiates a master leaseback agreement with the seller at the date of the sale. Under the terms of the agreement, the syndication pays a fee to the seller and the seller leases the vacant space at a market rate, at the sale date, for a two-year period. This payment is described as a fee in exchange for signing a master lease or as an escrowed portion of the purchase price. The syndication will relieve the seller of its future lease payment obligations on space the seller subsequently subleases to others if the sublease meets certain criteria. If the seller is unable to lease the vacant space during the two-year period, the rental payments to the syndication would substantially exceed the fee paid by the syndication.
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Paragraph 970-360-25-1 states payments to and receipts from the seller should be treated by the syndication as adjustments to the basis of the property and will affect future depreciation.
","snippet":"Paragraph 970-360-25-1 states payments to and receipts from the seller should be treated by the syndication as adjustments to the basis of the property and will affect future depreciation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:88f399ee5ab603019e639bc7432ec7ba5da2981629a88349c8a094359b03b619","downloaded_from":"2026-09-10T00:12:19.300Z","last_downloaded_at":"2026-09-10T00:12:19.300Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479216","source_sha256":"558e583e72a110fd572d241c8488534af46032f08abbd1222008879ceae8f7d5"}},{"citation":"360-970-55-3","para":"55-3","html":"
Topic 815 would apply if the terms of the agreement meet the definition of a derivative. The agreement would typically meet the scope exception in paragraph 815-10-15-13 relating to the sales or service revenues of one of the parties to the contract since the underlying is the leasing rental revenue of the syndicate, in which case that Topic would not affect the accounting in this example.
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Paragraph superseded by Accounting Standards Update No. 2014-09.
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Paragraph superseded by Accounting Standards Update No. 2014-09.
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The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
970-360-S99-1AmendedAccounting Standards Update No. 2019-0707/26/2019
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See paragraph 205-10-S99-6, Regulation S-X Rule 5-04(c), for the entities required to include Schedule III—Real Estate and Accumulated Depreciation in their reports.
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See paragraph 970-360-S99-1, Regulation S-X Rule 12-28, for the requirements of Schedule III—Real Estate and Accumulated Depreciation.
","snippet":"See paragraph 970-360-S99-1, Regulation S-X Rule 12-28, for the requirements of Schedule III—Real Estate and Accumulated Depreciation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cab90fb2ed61dc76a327a7e5e059e0d056a727078228bab0e8f57f6f890d8c5b","downloaded_from":"2026-09-10T00:12:29.172Z","last_downloaded_at":"2026-09-10T00:12:29.172Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478852","source_sha256":"270eb5cf7c5eb78ec3e75256860c3b7935b755c6990353171511d5d6099a5150"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:affb29ad2a9d02a21f18975a76b35a3b7cca4cc001ded8451ad5781ccd56e0fa","downloaded_from":"2026-09-10T00:12:29.172Z","last_downloaded_at":"2026-09-10T00:12:29.172Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478852","source_sha256":"270eb5cf7c5eb78ec3e75256860c3b7935b755c6990353171511d5d6099a5150"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e59170c2fa76d243e40b37e93216f5fdecf625bd76e498081ae12438ef410385","downloaded_from":"2026-09-10T00:12:29.172Z","last_downloaded_at":"2026-09-10T00:12:29.172Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478852","source_sha256":"270eb5cf7c5eb78ec3e75256860c3b7935b755c6990353171511d5d6099a5150"}},{"number":"S99","label":"SEC 99 SEC Materials","anchor":"sec-99-sec-materials","is_sec":true,"groups":[{"block":null,"heading":"SEC Rules, Regulations, and Interpretations","paragraphs":[{"citation":"360-970-S99-1","para":"S99-1","html":"
The following is the text of Regulation S-X Rule 12-28, Real Estate and Accumulated Depreciation (17 CFR 210.12-28). [38 FR 6068, Mar. 6, 1983. Redesignated at 45 FR 63630, Sept. 25, 1980; 83 FR 50208, Oct. 4, 2018]
","snippet":"The following is the text of Regulation S-X Rule 12-28, Real Estate and Accumulated Depreciation (17 CFR 210.12-28).\n[38 FR 6068, Mar. 6, 1983. Redesignated at 45 FR 63630, Sept. 25, 1980; 83 FR 50208, Oct. 4, 2018]","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f8586754a4f319df28368c560840d9380d33d1d25b61e6a4c6337135a3f275e4","downloaded_from":"2026-09-10T00:12:34.852Z","last_downloaded_at":"2026-09-10T00:12:34.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478979","source_sha256":"d620a2d5dbba91d2b6379d120018902cf4eaaff5b027d0668d035c0757bf52b0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4f938a3901fb4aafbc803c0122f4deccb501d26d7e72696a83ff6d7459bea6be","downloaded_from":"2026-09-10T00:12:34.852Z","last_downloaded_at":"2026-09-10T00:12:34.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478979","source_sha256":"d620a2d5dbba91d2b6379d120018902cf4eaaff5b027d0668d035c0757bf52b0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9aede7591946e68d7abc99abffc9a9c106e5da35a15648fdf885d1f844a1a250","downloaded_from":"2026-09-10T00:12:34.852Z","last_downloaded_at":"2026-09-10T00:12:34.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478979","source_sha256":"d620a2d5dbba91d2b6379d120018902cf4eaaff5b027d0668d035c0757bf52b0"}}],"enrichment":{"summary":"ASC 360-970 gathers the real estate–specific property, plant, and equipment guidance in two sets of subsections: Real Estate Syndication and Real Estate Project Costs. It requires costs clearly associated with the acquisition, development, and construction of a real estate project to be capitalized and then allocated to project components (by specific identification, then relative fair value/sales value, then area methods), addresses donated and abandoned real estate and changes in use, and applies the Subtopic 360-10 impairment model project by project. For syndications, fees paid to and rentals received from a developer-seller under a master leaseback are adjustments to the basis of the property.","key_points":["Payments to and receipts from a developer-seller under a master leaseback negotiated with a real estate syndication are treated by the syndication as adjustments to the basis of the property, affecting future depreciation (360-970-25-1; 360-970-55-2).","Project costs clearly associated with acquisition, development, and construction of a real estate project shall be capitalized as a cost of that project, and indirect project costs relating to several projects shall be capitalized and allocated among them (360-970-25-2 through 25-3).","Capitalized costs are assigned to individual project components by specific identification; if impracticable, land and common costs (including amenities) are allocated to benefited parcels on relative fair value before construction and construction costs to units on relative sales value, and if that too is impracticable, by area or other value methods (360-970-30-1).","Real estate donated to municipalities or governmental agencies for uses benefiting the project is not an abandonment; its cost is allocated as a common cost of the project (360-970-35-1).","On a change in use under a formal plan expected to produce a higher economic yield, costs charged to expense are limited to the excess of capitalized costs incurred and to be incurred over the estimated value of the revised project when substantially complete (360-970-35-2).","Impairment follows Subtopic 360-10 (held-for-sale model for substantially completed projects to be sold; held-and-used model for property under or awaiting development and completed projects to be held for rental), evaluated on an individual-project basis, where a project consists of relatively homogeneous integral components (360-970-35-3); insufficient rental demand for a rental project under construction is an additional impairment indicator (360-970-35-4).","If real estate or rights to real estate are abandoned (e.g., allowing a mortgage foreclosure or option lapse), the capitalized costs shall be expensed and not allocated to other components or projects (360-970-40-1)."],"categories":["Inventory and PP&E","Initial measurement","Impairment","Industry-specific"],"audience_level":"intermediate","student_note":"Exam traps here are the allocation hierarchy (specific identification → relative fair value before construction for land/common costs and relative sales value for construction costs → area methods) and the sharp contrast between donated land (a common cost allocated to the project) and abandoned real estate (expensed immediately, never reallocated). Students often wrongly test impairment at the multiphase-development level; each homogeneous project (tract, condo complex, subdivision) is evaluated separately.","related_topics":["970-340","970-360","360-10","340-40","410-20","974-720"],"key_concepts":["real estate project costs","cost capitalization and allocation","indirect project costs","master leaseback","real estate syndication","abandonment","change in use","impairment of long-lived assets"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6a6e71b0a05be67839211d6bbfd6595aacfdd30eff63f1038191ad9cd72478c3","downloaded_from":"2026-09-10T00:11:50.248Z","last_downloaded_at":"2026-09-10T00:12:34.852Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"970-10","title":"Overall","topic_title":"Real Estate—General","score":0.8561,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9310201ff5c4c778c50b753c956c7adce193e756245c26ece87804e8a8f676f4","downloaded_from":"2026-09-10T02:25:52.021Z","last_downloaded_at":"2026-09-10T02:26:12.373Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"340-970","title":"Real Estate—General","topic_title":"Other Assets and Deferred Costs","score":0.8106,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:da531545444adbd99c16c21033b83d2ae011cc2f4ee6ea79419796606da64c87","downloaded_from":"2026-09-09T23:58:59.193Z","last_downloaded_at":"2026-09-09T23:59:17.895Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"323-970","title":"Real Estate—General","topic_title":"Investments—Equity Method and Joint Ventures","score":0.785,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:afcb0b0e3d0a6d22cfd670c22012d2d1b287ed09377489ed2e6062dd0b55b6ac","downloaded_from":"2026-09-09T23:42:35.809Z","last_downloaded_at":"2026-09-09T23:43:01.427Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-944","title":"Financial Services—Insurance","topic_title":"Property, Plant, and Equipment","score":0.771,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7c07ae95858b111d5d38b2c2632bff3039272db672fa91114b412918bbfe9304","downloaded_from":"2026-09-10T00:09:52.264Z","last_downloaded_at":"2026-09-10T00:10:22.345Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-20","title":"Real Estate Sales","topic_title":"Property, Plant, and Equipment","score":0.7692,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aaff3d2edfd26d0d536d4ecb23feed6447380f002a63575a051a2d77d73c1bf7","downloaded_from":"2026-09-10T00:06:36.995Z","last_downloaded_at":"2026-09-10T00:07:04.384Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"974-10","title":"Overall","topic_title":"Real Estate—Real Estate Investment Trusts","score":0.76,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b00cec643f7f2a4128b812a311a66228eaade8f17c9cce899b8e22207eab673b","downloaded_from":"2026-09-10T02:26:25.491Z","last_downloaded_at":"2026-09-10T02:26:47.600Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"360-965","title":"Plan Accounting—Health and Welfare Benefit Plans","topic_title":"Property, Plant, and 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Equipment","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c59fafcedd652665b06051c841864c9b748e3be65e40008f0b997487d7ed421","downloaded_from":"2026-09-10T00:12:38.565Z","last_downloaded_at":"2026-09-10T00:12:59.332Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4c358944ef379b6976a1b2e97438dddc2a3987a7f0ab8b9caf4b45aba02df0d4","downloaded_from":"2026-09-10T00:11:50.248Z","last_downloaded_at":"2026-09-10T00:12:34.852Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-972","topic":"360","title":"Real Estate—Common Interest Realty Associations","area":"Assets","paragraphs":13,"summary":"This Subtopic tells common interest realty associations (CIRAs) — cooperatives, condominium associations, and homeowners associations — when to recognize common real and personal property as assets, how to measure it, and what to disclose. Cooperatives recognize all common real property because they hold title and can dispose of it and keep the proceeds; other CIRAs generally do not recognize real property directly associated with the units, and recognize property not directly associated with the units only if they have title or other evidence of ownership plus disposal discretion or significant cash-flow generation. Recognized property is measured at cost (or fair value if acquired in a nonmonetary transaction such as a developer transfer) and depreciated over estimated useful lives.","concepts":["common interest realty association","common real property","common personal property","cooperative","title or other evidence of ownership","nonreciprocal transfer from developer","depreciation of common property","future major repairs and replacements"],"categories":["Recognition","Initial measurement","Disclosure","Industry-specific"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-972-00-1","para":"00-1","html":"
No updates have been made to this subtopic.
Paragraph Action Accounting Standards Update Date
Nonreciprocal Transfer Added Maintenance Update 2014-20 (PDF) 09/29/2014
972-360-30-1 Amended Maintenance Update 2014-20 (PDF) 09/29/2014
","snippet":"No updates have been made to this subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nNonreciprocal Transfer | Added | Maintenance Update 2014-20 | 09/29/2014 |\n| | | |\n972-360-30-1 | Amended | Ma…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:736d9be6591f611234be77428417d34520a3924ebaaf9bafada8e74e0bebd62f","downloaded_from":"2026-09-10T00:12:38.565Z","last_downloaded_at":"2026-09-10T00:12:38.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477768","source_sha256":"684b5bb0dac539d02124ff13a32553c61839b816a6c6084a23ab4d35e5e72528"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9fd9c0e3b00eb48235a30fd907ea17abbe1712dbe17eabcd6ccd260c206ad45a","downloaded_from":"2026-09-10T00:12:38.565Z","last_downloaded_at":"2026-09-10T00:12:38.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477768","source_sha256":"684b5bb0dac539d02124ff13a32553c61839b816a6c6084a23ab4d35e5e72528"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:df9d4158e6ec04b30dcc0373a0c668f6bc60c5b169bd43b8e1c9ae7f93022b3a","downloaded_from":"2026-09-10T00:12:38.565Z","last_downloaded_at":"2026-09-10T00:12:38.565Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477768","source_sha256":"684b5bb0dac539d02124ff13a32553c61839b816a6c6084a23ab4d35e5e72528"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-972-05-1","para":"05-1","html":"
This Subtopic addresses recognition and disclosure issues for common real and personal property related to common interest realty associations.
","snippet":"This Subtopic addresses recognition and disclosure issues for common real and personal property related to common interest realty associations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef85b9bc72eb096a8d875c181fa1ef124c692f72b53794c984b549f7ccaaa0b9","downloaded_from":"2026-09-10T00:12:42.588Z","last_downloaded_at":"2026-09-10T00:12:42.588Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477387","source_sha256":"9f9450576714dac8aa34ad8c9e5557e97ce7df3f078feadae1989532931d6c86"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d5a873e50b198d08ff7f29fa6c5825b208a172014c1a015459c0b4996f94a5d","downloaded_from":"2026-09-10T00:12:42.588Z","last_downloaded_at":"2026-09-10T00:12:42.588Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477387","source_sha256":"9f9450576714dac8aa34ad8c9e5557e97ce7df3f078feadae1989532931d6c86"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a1e28d9e70ed76685af7f59372f3b85bf03fadad7157e68665d13df5817721a6","downloaded_from":"2026-09-10T00:12:42.588Z","last_downloaded_at":"2026-09-10T00:12:42.588Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477387","source_sha256":"9f9450576714dac8aa34ad8c9e5557e97ce7df3f078feadae1989532931d6c86"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"360-972-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 972-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 972-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:91fc906da6ccd565cf867f0ab2517a35740d479c503de818d0edaaae13d44ac8","downloaded_from":"2026-09-10T00:12:46.242Z","last_downloaded_at":"2026-09-10T00:12:46.242Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477567","source_sha256":"b630ca58ba3691d51644b19694b0879462cd8e322f6fc2074888ce8c4ea04a71"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a810f28000ad6c1c48144c7234fa6969f54ab5039b9adda79c54db4b646d39c","downloaded_from":"2026-09-10T00:12:46.242Z","last_downloaded_at":"2026-09-10T00:12:46.242Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477567","source_sha256":"b630ca58ba3691d51644b19694b0879462cd8e322f6fc2074888ce8c4ea04a71"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e781def29f95837f96a04bac11d02b8aed2e1b54de0c4ecc0c772bab8e97a799","downloaded_from":"2026-09-10T00:12:46.242Z","last_downloaded_at":"2026-09-10T00:12:46.242Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477567","source_sha256":"b630ca58ba3691d51644b19694b0879462cd8e322f6fc2074888ce8c4ea04a71"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Common Real Property","paragraphs":[{"citation":"360-972-25-1","para":"25-1","html":"
Cooperatives shall recognize common real property as assets. Because of their legal structure, cooperatives have title to all their common property and have the authority to dispose of it and retain the proceeds. Other common interest realty associations, such as condominiums and homeowners associations, have adopted other practices for recognizing common real property.
","snippet":"Cooperatives shall recognize common real property as assets. Because of their legal structure, cooperatives have title to all their common property and have the authority to dispose of it and retain the proceeds. Other c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0eccc2841968fad40e2f3dc829c668362d6ca427d74357d4afdad134ff413966","downloaded_from":"2026-09-10T00:12:51.245Z","last_downloaded_at":"2026-09-10T00:12:51.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478944","source_sha256":"e607f19fa50107cba0413c147dc16fc1849df7503ecefcb107bcb226d60a26f8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:930f461a73b0a4e314f0d7329fc032be95798631652c943001224009bb6d3c68","downloaded_from":"2026-09-10T00:12:51.245Z","last_downloaded_at":"2026-09-10T00:12:51.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478944","source_sha256":"e607f19fa50107cba0413c147dc16fc1849df7503ecefcb107bcb226d60a26f8"}},{"block":null,"heading":"Real Property Directly Associated with the Units","paragraphs":[{"citation":"360-972-25-2","para":"25-2","html":"
Most common interest realty associations other than cooperatives, regardless of whether they have title, do not recognize as assets real property directly associated with the units.
","snippet":"Most common interest realty associations other than cooperatives, regardless of whether they have title, do not recognize as assets real property directly associated with the units.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6869881c97cc8ec86e81588e3f6d2446edb5dd784cdacb69de12252d8c2c3a3b","downloaded_from":"2026-09-10T00:12:51.245Z","last_downloaded_at":"2026-09-10T00:12:51.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478944","source_sha256":"e607f19fa50107cba0413c147dc16fc1849df7503ecefcb107bcb226d60a26f8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:30fbe0a442b154891927ee04b1cf1e36c6fd81b328da4b1b35c3a1c9e9dd36cc","downloaded_from":"2026-09-10T00:12:51.245Z","last_downloaded_at":"2026-09-10T00:12:51.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478944","source_sha256":"e607f19fa50107cba0413c147dc16fc1849df7503ecefcb107bcb226d60a26f8"}},{"block":null,"heading":"Real Property Not Directly Associated with the Units","paragraphs":[{"citation":"360-972-25-3","para":"25-3","html":"
Most common interest realty associations other than cooperatives recognize real property not directly associated with the units as assets when the common interest realty association has title or other evidence of ownership of the property and any of the following conditions are met:
  1. a
    The common interest realty association can dispose of the property, at the discretion of its board of directors, for cash or claims to cash, with the common interest realty association retaining the proceeds.
  2. b
    The property is used by the common interest realty association to generate significant cash flows from members on the basis of usage or from nonmembers.
","snippet":"Most common interest realty associations other than cooperatives recognize real property not directly associated with the units as assets when the common interest realty association has title or other evidence of ownersh…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5a7927f65197cece2671eee7d123e72a3de489a39f41b960d5f05c674f2dbdf","downloaded_from":"2026-09-10T00:12:51.245Z","last_downloaded_at":"2026-09-10T00:12:51.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478944","source_sha256":"e607f19fa50107cba0413c147dc16fc1849df7503ecefcb107bcb226d60a26f8"}},{"citation":"360-972-25-4","para":"25-4","html":"
However, some common interest realty associations recognize as assets all real property to which they have title or other evidence of ownership and that is not directly associated with the units, regardless of whether either of the above conditions is met.
","snippet":"However, some common interest realty associations recognize as assets all real property to which they have title or other evidence of ownership and that is not directly associated with the units, regardless of whether ei…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4942f673aecfa8f032c501d68513c148db86c78ce18372877436a3490bf77c4c","downloaded_from":"2026-09-10T00:12:51.245Z","last_downloaded_at":"2026-09-10T00:12:51.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478944","source_sha256":"e607f19fa50107cba0413c147dc16fc1849df7503ecefcb107bcb226d60a26f8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:011608499dbc05d37f33b1428cc77af559b2dabb77dbf8b186f92da77a14ac72","downloaded_from":"2026-09-10T00:12:51.245Z","last_downloaded_at":"2026-09-10T00:12:51.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478944","source_sha256":"e607f19fa50107cba0413c147dc16fc1849df7503ecefcb107bcb226d60a26f8"}},{"block":null,"heading":"Personal Property","paragraphs":[{"citation":"360-972-25-5","para":"25-5","html":"
Common interest realty associations shall recognize common personal property, such as furnishings, recreational equipment, maintenance equipment, and work vehicles, that is used by the common interest realty association in operating, preserving, maintaining, repairing, and replacing common property and providing other services, as assets.
","snippet":"Common interest realty associations shall recognize common personal property, such as furnishings, recreational equipment, maintenance equipment, and work vehicles, that is used by the common interest realty association …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:96fdb5704f970a96c190bc0728b9c3ce09e4542c811e0737242fe68e6f0a03b2","downloaded_from":"2026-09-10T00:12:51.245Z","last_downloaded_at":"2026-09-10T00:12:51.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478944","source_sha256":"e607f19fa50107cba0413c147dc16fc1849df7503ecefcb107bcb226d60a26f8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d4e22fb07e435ee6265ea1163946ccb90e414a701620f0c6287bd7cbaebcb8b","downloaded_from":"2026-09-10T00:12:51.245Z","last_downloaded_at":"2026-09-10T00:12:51.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478944","source_sha256":"e607f19fa50107cba0413c147dc16fc1849df7503ecefcb107bcb226d60a26f8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:23b305a1ef1afb90b7ea0a9b300181ad99459e6ba166548ac121c569fc295529","downloaded_from":"2026-09-10T00:12:51.245Z","last_downloaded_at":"2026-09-10T00:12:51.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478944","source_sha256":"e607f19fa50107cba0413c147dc16fc1849df7503ecefcb107bcb226d60a26f8"}},{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-972-30-1","para":"30-1","html":"
Common property recognized as assets of a common interest realty association shall be initially measured at the common interest realty association's cost to acquire it if the common interest realty association acquired the property in a monetary transaction. If the common interest realty association acquired the property in a nonmonetary transaction, such as by a nonreciprocal transfer from the developer, and if the property is recognized as an asset of the common interest realty association, the common interest realty association shall initially measure the property using fair value at the date of its acquisition. It may be helpful to consider the developer's cost, if it is known, in determining the fair value.
","snippet":"Common property recognized as assets of a common interest realty association shall be initially measured at the common interest realty association's cost to acquire it if the common interest realty association acquired t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e54028775b0938c2697fc4354619949f692d095d747771d385213d10fbd9ed6c","downloaded_from":"2026-09-10T00:12:54.101Z","last_downloaded_at":"2026-09-10T00:12:54.101Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477373","source_sha256":"7e87f67628d1dfa2580fed84930ece74890ce1469d6fd9aca4224b6c2381498c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:db1ba74e96ed5dc6ff25e4fa2a3270a9530ad6db4677768c462da8ba992642ee","downloaded_from":"2026-09-10T00:12:54.101Z","last_downloaded_at":"2026-09-10T00:12:54.101Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477373","source_sha256":"7e87f67628d1dfa2580fed84930ece74890ce1469d6fd9aca4224b6c2381498c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cdf6e0131f6c4f3bc3b0bab9f23c984d1758a1209307cf22f4ea3060f103caf6","downloaded_from":"2026-09-10T00:12:54.101Z","last_downloaded_at":"2026-09-10T00:12:54.101Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477373","source_sha256":"7e87f67628d1dfa2580fed84930ece74890ce1469d6fd9aca4224b6c2381498c"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-972-35-1","para":"35-1","html":"
Property and equipment recognized as assets by common interest realty associations shall be depreciated based on their estimated useful lives.
","snippet":"Property and equipment recognized as assets by common interest realty associations shall be depreciated based on their estimated useful lives.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c37faae2c23fd91e0c2f806bd931bda2c0deda94dcb2103d8972b20b1375ba8","downloaded_from":"2026-09-10T00:12:56.310Z","last_downloaded_at":"2026-09-10T00:12:56.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478200","source_sha256":"c4813282cdffa1fd51585371b64c51af54fa056b49969b76e61da1dfa25d21a1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b851fc202c578efb679ca525da9d1f9997e9bd85a6c47fea3bc99ccd8acd1df8","downloaded_from":"2026-09-10T00:12:56.310Z","last_downloaded_at":"2026-09-10T00:12:56.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478200","source_sha256":"c4813282cdffa1fd51585371b64c51af54fa056b49969b76e61da1dfa25d21a1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a67fa31b45ff5858b614d15c5304eda573416fdf5bd412b544400f36e882e8c","downloaded_from":"2026-09-10T00:12:56.310Z","last_downloaded_at":"2026-09-10T00:12:56.310Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478200","source_sha256":"c4813282cdffa1fd51585371b64c51af54fa056b49969b76e61da1dfa25d21a1"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"General Information","paragraphs":[{"citation":"360-972-50-1","para":"50-1","html":"
All of the following information about a common interest realty association's common property shall be disclosed in the notes to its financial statements:
  1. a
    The accounting policy for recognition and measurement of common property
  2. b
    A description of common property recognized as assets in the common interest realty association's balance sheet
  3. c
    A description of common property to which the common interest realty association has title, or other evidence of ownership, that is not recognized as assets in the common interest realty association's balance sheet
  4. d
    The common interest realty association's responsibility to preserve and maintain the common property
  5. e
    Terms and conditions of existing land or recreation leases
  6. f
    Restrictions on the use or disposition of the common property.
","snippet":"All of the following information about a common interest realty association's common property shall be disclosed in the notes to its financial statements:\n(a) The accounting policy for recognition and measurement of comm…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0cd6ff67d6912dc81951e49e9ecd0e73ee54b94c990b7af7208ddd11b5fa70dc","downloaded_from":"2026-09-10T00:12:59.332Z","last_downloaded_at":"2026-09-10T00:12:59.332Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479017","source_sha256":"0194d9da90647650a8a29b152d62b8aa070d8ed9c6950f8903e8594814068dcd"}},{"citation":"360-972-50-2","para":"50-2","html":"
All property owned by a cooperative shall be presented on its balance sheets. Cooperatives generally own the real estate and have the ability to borrow and pledge their assets as collateral. Some cooperatives, therefore, do not accumulate funds for future major repairs and replacements.
","snippet":"All property owned by a cooperative shall be presented on its balance sheets. Cooperatives generally own the real estate and have the ability to borrow and pledge their assets as collateral. Some cooperatives, therefore,…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9dfece82fbb73bb63e226145449b26d70c291154e386fb19d95687f9fd0f44e2","downloaded_from":"2026-09-10T00:12:59.332Z","last_downloaded_at":"2026-09-10T00:12:59.332Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479017","source_sha256":"0194d9da90647650a8a29b152d62b8aa070d8ed9c6950f8903e8594814068dcd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:693cc9132b358168d741f123b47a5d7ee2fa8ea4c55b565607c79a1060ca33e9","downloaded_from":"2026-09-10T00:12:59.332Z","last_downloaded_at":"2026-09-10T00:12:59.332Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479017","source_sha256":"0194d9da90647650a8a29b152d62b8aa070d8ed9c6950f8903e8594814068dcd"}},{"block":null,"heading":"Depreciation","paragraphs":[{"citation":"360-972-50-3","para":"50-3","html":"
For property and equipment recognized as assets by common interest realty associations the following information shall be disclosed:
  1. a
    Depreciation expense for the period
  2. b
    Balances of major classes of depreciable assets, by nature or function, at the reporting date
  3. c
    Accumulated depreciation, either by major classes of depreciable assets or in total, at the reporting date
  4. d
    A general description of the method or methods used in computing depreciation for major classes of depreciable assets.
","snippet":"For property and equipment recognized as assets by common interest realty associations the following information shall be disclosed:\n(a) Depreciation expense for the period\n(b) Balances of major classes of depreciable as…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:78bf7be280c0ce4bec0f9236d72e39d8ba93915f786f9dec66dd825d5f16081a","downloaded_from":"2026-09-10T00:12:59.332Z","last_downloaded_at":"2026-09-10T00:12:59.332Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479017","source_sha256":"0194d9da90647650a8a29b152d62b8aa070d8ed9c6950f8903e8594814068dcd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:580b07bd1111c4922cc803624bfe1279b8ac70e1b437fd14d06379ca731ff8a5","downloaded_from":"2026-09-10T00:12:59.332Z","last_downloaded_at":"2026-09-10T00:12:59.332Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479017","source_sha256":"0194d9da90647650a8a29b152d62b8aa070d8ed9c6950f8903e8594814068dcd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d8cf552c692366ff34819f8f3e8981723f9674bda9d78eafa090e2a24549e4f9","downloaded_from":"2026-09-10T00:12:59.332Z","last_downloaded_at":"2026-09-10T00:12:59.332Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479017","source_sha256":"0194d9da90647650a8a29b152d62b8aa070d8ed9c6950f8903e8594814068dcd"}}],"enrichment":{"summary":"This Subtopic tells common interest realty associations (CIRAs) — cooperatives, condominium associations, and homeowners associations — when to recognize common real and personal property as assets, how to measure it, and what to disclose. Cooperatives recognize all common real property because they hold title and can dispose of it and keep the proceeds; other CIRAs generally do not recognize real property directly associated with the units, and recognize property not directly associated with the units only if they have title or other evidence of ownership plus disposal discretion or significant cash-flow generation. Recognized property is measured at cost (or fair value if acquired in a nonmonetary transaction such as a developer transfer) and depreciated over estimated useful lives.","key_points":["Cooperatives shall recognize common real property as assets because they hold title and can dispose of it and retain the proceeds (360-972-25-1).","Most non-cooperative CIRAs do not recognize as assets real property directly associated with the units, whether or not they hold title (360-972-25-2).","Non-cooperative CIRAs recognize real property not directly associated with the units when they have title or other evidence of ownership and either (a) the board may dispose of it for cash and retain the proceeds or (b) it generates significant cash flows from members based on usage or from nonmembers (360-972-25-3); some CIRAs recognize all such titled property regardless of those conditions (360-972-25-4).","Common personal property used in operating, preserving, maintaining, repairing, and replacing common property — furnishings, recreational and maintenance equipment, work vehicles — shall be recognized as assets (360-972-25-5).","Recognized common property is initially measured at cost if acquired in a monetary transaction, or at fair value at the acquisition date if acquired in a nonmonetary transaction such as a nonreciprocal transfer from the developer (the developer's cost may help estimate fair value) (360-972-30-1).","Property and equipment recognized as assets shall be depreciated over estimated useful lives (360-972-35-1).","Required disclosures include the recognition and measurement policy, descriptions of common property both recognized and not recognized, the CIRA's maintenance responsibility, land/recreation lease terms, use and disposition restrictions (360-972-50-1), and depreciation expense, major classes of depreciable assets, accumulated depreciation, and depreciation methods (360-972-50-3); all property owned by a cooperative is presented on its balance sheet (360-972-50-2)."],"categories":["Recognition","Initial measurement","Disclosure","Industry-specific"],"audience_level":"intermediate","student_note":"The key exam trap is assuming that holding legal title automatically means the association records the asset: for condos and HOAs, property directly associated with the units is generally not recognized, and other titled property is recognized only if the board can sell it and keep the proceeds or it generates significant cash flows. Note also the cost vs. fair value split for developer-donated (nonmonetary) property.","related_topics":["972-10","972-235","972-605","360-10","845","820"],"key_concepts":["common interest realty association","common real property","common personal property","cooperative","title or other evidence of ownership","nonreciprocal transfer from developer","depreciation of common property","future major repairs and replacements"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:97347aa4e7d3f17421f909de70b15f01f05039785e9aac88555a42f00fcd9889","downloaded_from":"2026-09-10T00:12:38.565Z","last_downloaded_at":"2026-09-10T00:12:59.332Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"205-972","title":"Real Estate—Common Interest Realty Associations","topic_title":"Presentation of Financial Statements","score":0.8162,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce2eb1b55e4267e498de6b8912cd9a3be1f07fcf5bd350281e6a0d65f72552f0","downloaded_from":"2026-09-09T22:58:02.817Z","last_downloaded_at":"2026-09-09T22:58:14.869Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"235-972","title":"Real Estate—Common Interest Realty Associations","topic_title":"Notes to Financial Statements","score":0.7862,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6fe401b4fb15438a15332f2e503d86444903016072976c4b81c991b1a82ef77","downloaded_from":"2026-09-09T23:16:43.120Z","last_downloaded_at":"2026-09-09T23:16:53.919Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"972-10","title":"Overall","topic_title":"Real Estate—Common Interest Realty Associations","score":0.7588,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cdbe91ef822fd7fe8a634b7194ea5beff5ad1ff5895f772c10f92a154c9a42e9","downloaded_from":"2026-09-10T02:26:14.164Z","last_downloaded_at":"2026-09-10T02:26:21.543Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"740-972","title":"Real Estate—Common Interest Realty Associations","topic_title":"Income Taxes","score":0.7581,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d1532f13d6f1a2c4c3f525edbfbca45fb0ae7e9051ebda7d91b7f00267ad53c2","downloaded_from":"2026-09-10T01:21:24.280Z","last_downloaded_at":"2026-09-10T01:21:33.804Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"850-972","title":"Real Estate—Common Interest Realty Associations","topic_title":"Related Party Disclosures","score":0.7326,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:18d2b53a757bd02aa7dbb69d2c59ca874e0bc3c16412b962c6e6bcc1e04669f1","downloaded_from":"2026-09-10T02:02:42.771Z","last_downloaded_at":"2026-09-10T02:02:50.151Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"720-972","title":"Real Estate—Common Interest Realty Associations","topic_title":"Other 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timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2fcb32fc2c407e5c1046b938f358110193d6a6b0152a12192d532b5854ddb11a","downloaded_from":"2026-09-10T00:12:38.565Z","last_downloaded_at":"2026-09-10T00:12:59.332Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-980","topic":"360","title":"Regulated Operations","area":"Assets","paragraphs":61,"summary":"This Subtopic tells regulated entities (utilities) how to account for property, plant, and equipment in three situations: plant abandonments, disallowances of costs of recently completed plants, and capitalization of an allowance for funds used during construction (AFUDC). When abandonment becomes probable, the asset's cost comes out of construction work-in-process or plant-in-service and a separate new asset is recorded — at full cost if a full return on investment is likely to be provided, or at the present value of expected future recovery revenues (discounted at the entity's incremental borrowing rate) if partial or no return is likely, with the shortfall and any probable, estimable disallowance recognized as a loss. When it becomes probable that part of the cost of a recently completed plant will be disallowed for rate-making purposes and the amount is reasonably estimable, that amount is deducted from the plant's reported cost and recognized as a loss.","concepts":["plant abandonment","allowance for funds used during construction","cost disallowance","explicit but indirect disallowance","return on investment","rate base","incremental borrowing rate","separate new asset"],"categories":["Impairment","Subsequent measurement","Industry-specific","Inventory and PP&E"],"level":"advanced","topic_title":"Property, Plant, and Equipment","sections":[{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-980-05-1","para":"05-1","html":"
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.
","snippet":"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 f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af21221b90d4b0a63b72b05f5f50217dbc62d378aa90cde2b70da59e84d1ed87","downloaded_from":"2026-09-10T00:13:03.015Z","last_downloaded_at":"2026-09-10T00:13:03.015Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477885","source_sha256":"648745f6ebbdae43adfaa7140442e6e2917cc464195dfd1c576482928425ec29"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fc468f9b3e7e0735218d13e2af93fb190ddec643bdcebcd8b28ecc288c676e4b","downloaded_from":"2026-09-10T00:13:03.015Z","last_downloaded_at":"2026-09-10T00:13:03.015Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477885","source_sha256":"648745f6ebbdae43adfaa7140442e6e2917cc464195dfd1c576482928425ec29"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:15cecd20958bd945c18ec13d3dd163cffb30cc0b6d162b0592ec88ac1374f2b6","downloaded_from":"2026-09-10T00:13:03.015Z","last_downloaded_at":"2026-09-10T00:13:03.015Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477885","source_sha256":"648745f6ebbdae43adfaa7140442e6e2917cc464195dfd1c576482928425ec29"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"360-980-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 980-10-15.
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Paragraph 980-835-25-1 requires an allowance for funds used during construction, including a designated cost of equity funds, to be capitalized in specified circumstances as part of the acquisition cost of the related asset. That cost shall be capitalized under those circumstances only if its subsequent inclusion in allowable costs for rate-making purposes is probable.
","snippet":"Paragraph 980-835-25-1 requires an allowance for funds used during construction, including a designated cost of equity funds, to be capitalized in specified circumstances as part of the acquisition cost of the related as…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64eb96b3b81e76432ec15ef30a065f33b3a4cf638c3b19e555ba36c672256645","downloaded_from":"2026-09-10T00:13:12.506Z","last_downloaded_at":"2026-09-10T00:13:12.506Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477468","source_sha256":"0a07c12e8384ea3c5717e5bd95e6150938a1ce0c57ab35bcd8edbe7ff5aa04ad"}},{"citation":"360-980-25-2","para":"25-2","html":"
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When it becomes probable (likely to occur) that an operating asset or an asset under construction will be abandoned, the cost of that asset shall be removed from construction work-in-process or plant-in-service.
","snippet":"When it becomes probable (likely to occur) that an operating asset or an asset under construction will be abandoned, the cost of that asset shall be removed from construction work-in-process or plant-in-service.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d40a0e646b29f492bd3f49926a3e6a4f012c66b7a23f37eb15ad256992114473","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-2","para":"35-2","html":"
The entity shall determine whether recovery of any allowed cost is likely to be provided with either of the following:
  1. a
    Full return on investment during the period from the time when abandonment becomes probable to the time when recovery is completed
  2. b
    Partial or no return on investment during that period.
","snippet":"The entity shall determine whether recovery of any allowed cost is likely to be provided with either of the following:\n(a) Full return on investment during the period from the time when abandonment becomes probable to th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:024652b33b950176e624294658ec28de1851422f250b0b51521a588956ac07df","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-3","para":"35-3","html":"
That determination shall focus on the facts and circumstances related to the specific abandonment and shall also consider the past practice and current policies of the applicable regulatory jurisdiction on abandonment situations. Based on that determination, the entity shall account for the cost of the abandoned plant as follows:
  1. a
    Full return on investment is likely to be provided. Any disallowance of all or part of the cost of the abandoned plant that is both probable and reasonably estimable (as defined in Topic 450) shall be recognized as a loss, and the carrying basis of the recorded asset shall be correspondingly reduced. The remainder of the cost of the abandoned plant shall be reported as a separate new asset.
  2. b
    Partial or no return on investment is likely to be provided. Any disallowance of all or part of the cost of the abandoned plant that is both probable and reasonably estimable shall be recognized as a loss. The present value of the future revenues expected to be provided to recover the allowable cost of that abandoned plant and return on investment, if any, shall be reported as a separate new asset. Any excess of the remainder of the cost of the abandoned plant over that present value also shall be recognized as a loss. The discount rate used to compute the present value shall be the entity's incremental borrowing rate, that is, the rate that the entity would have to pay to borrow an equivalent amount for a period equal to the expected recovery period. In determining the present value of expected future revenues, the entity shall consider such matters as the following:
    1. 1
      The probable time period before such recovery is expected to begin
    2. 2
      The probable time period over which recovery is expected to be provided.
    If the estimate of either period is a range, the guidance in Section 450-20-55 shall be applied to determine the loss to be recognized. Accordingly, the most likely period within that range shall be used to compute the present value. If no period within that range is a better estimate than any other, the present value shall be based on the minimum time period within that range.
","snippet":"That determination shall focus on the facts and circumstances related to the specific abandonment and shall also consider the past practice and current policies of the applicable regulatory jurisdiction on abandonment si…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dfe07b5dac0b2b93699c3a33264e71418b363f103f4220cc63f70a0676f58329","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-4","para":"35-4","html":"
The recorded amount of the new asset shall be adjusted from time to time as necessary if new information indicates that the estimates used to record the separate new asset have changed. The rate order is usually viewed as the confirming event, permitting an estimate of the loss to be refined at that time. However, a loss shall not be recognized unless it is probable that a loss has occurred and the amount can be reasonably estimated. If those criteria are not met at the time of an initial rate order, the loss shall not be recognized at that time.
","snippet":"The recorded amount of the new asset shall be adjusted from time to time as necessary if new information indicates that the estimates used to record the separate new asset have changed. The rate order is usually viewed a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0a45a7b30230c6e3cad081e752d308cb8206e5e822c23d6563ce1a005d9bbfca","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-5","para":"35-5","html":"
The estimates used to record the separate new asset include both of the following:
  1. a
    The determination of whether full return on investment will be provided and, if not, the probable time period before recovery is expected to begin and the probable time period over which recovery is expected to be provided
  2. b
    The amount of any probable and reasonably estimable disallowance of recorded costs of the abandoned plant.
","snippet":"The estimates used to record the separate new asset include both of the following:\n(a) The determination of whether full return on investment will be provided and, if not, the probable time period before recovery is expe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a4dcd944c46810438721610d6b4c6fe60522795cd9d0a3bfc37150023f6a2bdb","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-6","para":"35-6","html":"
The amount of the adjustment shall be recognized in income as a loss or gain. The recorded carrying amount of the new asset shall not be adjusted for changes in the entity's incremental borrowing rate.
","snippet":"The amount of the adjustment shall be recognized in income as a loss or gain. The recorded carrying amount of the new asset shall not be adjusted for changes in the entity's incremental borrowing rate.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ab5aee1b28d6fbba20dc9e31eb797d5f4edc94029ed5fd3952f9388798c7717b","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-7","para":"35-7","html":"
During the period between the date on which the new asset is recognized and the date on which recovery begins, the carrying amount shall be increased by accruing a carrying charge. The rate used to accrue that carrying charge shall be as follows:
  1. a
    If full return on investment is likely to be provided, a rate equal to the allowed overall cost of capital in the jurisdiction in which recovery is expected to be provided shall be used.
  2. b
    If partial or no return on investment is likely to be provided, the rate that was used to compute the present value shall be used.
","snippet":"During the period between the date on which the new asset is recognized and the date on which recovery begins, the carrying amount shall be increased by accruing a carrying charge. The rate used to accrue that carrying c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61d25bbeda9d418bb87399c1c567224c6045a61f2028e3418d940a6ab747800a","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-8","para":"35-8","html":"
During the recovery period, the new asset shall be amortized as follows:
  1. a
    If full return on investment is likely to be provided, the asset shall be amortized in the same manner as that used for rate-making purposes.
  2. b
    If partial or no return on investment is likely to be provided, the asset shall be amortized in a manner that will produce a constant return on the unamortized investment in the new asset equal to the rate at which the expected revenues were discounted.
","snippet":"During the recovery period, the new asset shall be amortized as follows:\n(a) If full return on investment is likely to be provided, the asset shall be amortized in the same manner as that used for rate-making purposes.\n(…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7310bc765caebc9da122d0c4f121efbfc7187d824c4cd3dc5cc0abfdd4053123","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-9","para":"35-9","html":"
Usually, the net loss on an abandonment shall be computed by discounting the after-tax future revenues expected to be allowed by the regulator at an after-tax incremental borrowing rate and comparing the result to the recorded net investment in the abandoned plant. If that discounted present value is less than the recorded net investment, a net loss shall be recognized. However, the present accounting model generally does not permit display of losses on a net-of-tax basis. As a result, the net loss on an abandonment is grossed up for display purposes.
","snippet":"Usually, the net loss on an abandonment shall be computed by discounting the after-tax future revenues expected to be allowed by the regulator at an after-tax incremental borrowing rate and comparing the result to the re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61ecc5f2de250812a01ef3bd947ade41784fb4d5621be149c7b856c938ca4747","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-10","para":"35-10","html":"
The computation of a loss on an abandonment (see Example 1 [paragraph 980-360-55-2]) is intended to approximate the economic effects of the regulator's rate actions in the preceding paragraph. The computation is based on both of the following general assumptions about the rate-making methods used for income taxes:
  1. a
    Deferred income taxes are allocated to the assets that resulted in those deferred income taxes. Under that assumption, if certain assets are included in the rate base (that is, a return is allowed on those assets), the deferred income taxes allocated to those assets are deducted from the rate base in computing the investment on which a return will be allowed. Similarly, if certain assets are excluded from the rate base (that is, a return is not allowed on those assets), the deferred income taxes allocated to those assets are not deducted from the rate base in computing the investment on which a return will be allowed.
  2. b
    Income taxes that result from recovery of the recorded cost of the abandoned plant will be treated as allowable costs when those income taxes become payable to the extent those income taxes do not represent repayment of an income tax benefit that has already accrued to the entity's shareholders.
","snippet":"The computation of a loss on an abandonment (see Example 1 [paragraph 980-360-55-2]) is intended to approximate the economic effects of the regulator's rate actions in the preceding paragraph. The computation is based on…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5bdcfcb3928964da3fdbfb309f38eb74c636ded643b1049903249b2f511a53bc","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-11","para":"35-11","html":"
If the rate-making methods used for an entity differ from the assumptions stated in the preceding paragraph, the computation used to compute the loss on the abandonment shall be different from that described in paragraph 980-360-35-9 and illustrated in Example 1 (see paragraph 980-360-55-2). The computation shall be changed to reflect the different economics of those different rate-making methods. For example, if the regulator deducts all existing deferred income taxes from the rate base in determining the investment on which a return will be provided (instead of allocating deferred income taxes between items included in the rate base and items excluded from the rate base), the procedure effectively disallows a return on the gross investment in the abandoned plant instead of disallowing a return on the net investment, and the recognized loss shall reflect a disallowance of a return on the gross investment in the abandoned plant.
","snippet":"If the rate-making methods used for an entity differ from the assumptions stated in the preceding paragraph, the computation used to compute the loss on the abandonment shall be different from that described in paragraph…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a24427b27626070275668d108fcacc712faa854af684a96bf151343be3aad32","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f12b40801272bb9c16a35dd8108565cfbdb95625db01d7fb9396789785e4f266","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"block":null,"heading":"Cost Disallowances","paragraphs":[{"citation":"360-980-35-12","para":"35-12","html":"
When it becomes probable that part of the cost of a recently completed plant will be disallowed for rate-making purposes and a reasonable estimate of the amount of the disallowance can be made, the estimated amount of the probable disallowance shall be deducted from the reported cost of the plant and recognized as a loss. Section 450-20-55 provides guidance for making a reasonable estimate of the amount of a loss. If part of the cost is explicitly, but indirectly, disallowed (for example, by an explicit disallowance of return on investment on a portion of the plant), an equivalent amount of cost shall be deducted from the reported cost of the plant and recognized as a loss.
","snippet":"When it becomes probable that part of the cost of a recently completed plant will be disallowed for rate-making purposes and a reasonable estimate of the amount of the disallowance can be made, the estimated amount of th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f23e42098835c92f9889505f3025a1ff2db2a4db839a9b96ac296db1ee7ed16","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-13","para":"35-13","html":"
Excess capacity disallowances relate to part of the cost of service of a recently completed plant and are based on a finding that an entity's reserve capacity exceeds an amount deemed to be reasonable. If an excess capacity disallowance is ordered by a regulator without a specific finding that the entity should not have constructed that capacity or should have delayed the construction of that capacity, the rate order raises questions about whether the entity meets the criteria of paragraph 980-10-15-2 for application of this Topic, in that it is not being regulated based on its own cost of service. However, because such a rate order itself is neither a direct disallowance nor an explicit, but indirect, disallowance of part of the cost of the plant, this Section does not specify the accounting for it. If an excess capacity disallowance is ordered by a regulator with a specific finding that the entity should not have constructed that capacity or should have delayed the construction of that capacity, the rate order may be an explicit, but indirect, disallowance of part of the cost of the plant, and the entity shall account for the substance of that order as set forth in the preceding paragraph.
","snippet":"Excess capacity disallowances relate to part of the cost of service of a recently completed plant and are based on a finding that an entity's reserve capacity exceeds an amount deemed to be reasonable. If an excess capac…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f08bcb5267b470170656c5e0af6c7fb139abbc22c5da2691a835c6c7f5403ed","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-14","para":"35-14","html":"
If a regulator has included a recently completed plant in rates based on the assumed cost of another plant rather than based on the cost of the plant that exists, then the entity is not being regulated based on its own cost, and the criteria of paragraph 980-10-15-2 for application of this Topic do not appear to be met. If the rate order is based on a finding that, based on factors that were known during the construction, the entity should not have constructed the plant that it did construct, the order may be an explicit, but indirect, disallowance, and it shall be accounted for as set forth in paragraph 980-360-35-12. Otherwise, unless the order is being appealed, the entity shall consider discontinuing application of this Topic.
","snippet":"If a regulator has included a recently completed plant in rates based on the assumed cost of another plant rather than based on the cost of the plant that exists, then the entity is not being regulated based on its own c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5ac0874644525d03e5f02fde8416eb17c3ae809f88a2bb3d408472569953b5e","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-15","para":"35-15","html":"
Regulators have considerable discretion in selecting a rate that represents a fair return on equity investment, and that specific matters included in a settlement agreement might not be apparent. Explicit, but indirect, disallowances shall be reported as disallowances; however, an entity is not required to determine whether the terms of a settlement agreement or rate order contain a hidden, indirect disallowance.
","snippet":"Regulators have considerable discretion in selecting a rate that represents a fair return on equity investment, and that specific matters included in a settlement agreement might not be apparent. Explicit, but indirect, …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f5e83b51e822bf0838887e64cd6784cb35dba9ec5f87d1f9da3ff9ba5ab7fb2","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"citation":"360-980-35-16","para":"35-16","html":"
The following Examples illustrate specific situations related to cost disallowances:
  1. a
    Example 2 (see paragraph 980-360-55-14) illustrates a disallowance of plant cost.
  2. b
    Example 3 (see paragraph 980-360-55-18) illustrates a disallowance of plant cost resulting from a cost cap.
  3. c
    Example 4 (see paragraph 980-360-55-26) illustrates an explicit, but indirect, disallowance.
","snippet":"The following Examples illustrate specific situations related to cost disallowances:\n(a) Example 2 (see paragraph 980-360-55-14) illustrates a disallowance of plant cost.\n(b) Example 3 (see paragraph 980-360-55-18) illus…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc6956fdd45b0ec5d4a8e73664eae4eb10049a7390f6ce462af38285ec3bedb9","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7df31d3ebfb5994cfe7780bb48d57d222199f4fd274d41820b7da9143536e74d","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7a74e3d1f9825c2d6dfb5ea92fa3f28389bc2bb686b4de11e7be96691a101856","downloaded_from":"2026-09-10T00:13:14.576Z","last_downloaded_at":"2026-09-10T00:13:14.576Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478654","source_sha256":"a51d5e9401bdef59205c142d495d00f0571795340491f2a55955a6de2998a692"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"360-980-55-1","para":"55-1","html":"
Cases similar to those illustrated in this Section may involve income tax effects that could accrue to the utility in question. Under Subtopic 740-10, the tax effects of temporary differences are measured based on enacted tax laws and rates and are recognized based on specified criteria.
","snippet":"Cases similar to those illustrated in this Section may involve income tax effects that could accrue to the utility in question. Under Subtopic 740-10, the tax effects of temporary differences are measured based on enacte…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed1266569bb1bc92c0076249f0095fe6e13a17a36091e4595e0c9a7599cc7bef","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-2","para":"55-2","html":"
This Example illustrates how a loss on an abandonment should be computed under the guidance in Section 450-20-55 and paragraphs
980-360-35-9 through 35-11
by an entity that has applied Subtopic 740-10. The Example is based on specific rate actions related to the abandonment and on the other assumptions stated. The computations may need to be changed to reflect the economic effects of different fact situations.
","snippet":"This Example illustrates how a loss on an abandonment should be computed under the guidance in Section 450-20-55 and paragraphs 980-360-35-9 through 35-11 by an entity that has applied Subtopic 740-10. The Example is bas…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c33045d04145f493843c0399e9963dec499a3525f3b99d07217c06619165105c","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-3","para":"55-3","html":"
The principal assumptions on which the Example is based are as follows:
  1. a
    Upon initial application of Subtopic 740-10, an entity that meets the criteria of paragraph 980-10-15-2 for application of this Topic will adjust its deferred income tax liabilities as required. This Example is presented as though the entity has already applied Subtopic 740-10 prior to the date of the abandonment. If an entity initially applies that Subtopic after a loss has been recognized on an abandonment and before the end of the recovery period for any recoverable costs, the amount of the previously recognized loss may change. The amount of that loss will change if the tax rate used in the initial net-of-tax discount rate under that Subtopic is different from that used by the entity previously. Once that Subtopic is initially applied, the accounting for the abandonment should follow the approach described in this Example.
  2. b
    This Example assumes a tax rate of 34 percent.
  3. c
    Utility A decides to abandon a plant that has been under construction for some time. Although the possibility of abandoning the plant has been under consideration, abandonment was not considered probable before the actual decision was made.
  4. d
    Immediately before the abandonment, the recorded assets for the plant and related deferred income tax liabilities are as follows.
    • \"
      Assets Deferred Income Tax Liabilities Recorded plant and related deferred income tax liabilities \" $750,500,000 \" \" $85,170,000 \" Asset representing revenue that will be provided for payment of income taxes and related deferred income tax liabilities \" 76,015,152 \" \" 25,845,152 \" Total\t\" $826,515,152 \" \" $111,015,152 \"
  5. e
    For income tax purposes, the abandoned plant has a basis of $500 million at the date of the abandonment.
  6. f
    Utility A will deduct the remaining tax basis of the abandoned plant ($500,000,000) as an abandonment loss on its income tax return in the year of the abandonment and will receive a tax benefit of 34 percent of the tax basis of the plant ($170,000,000). Utility A operates in a state that has no state income taxes. The federal income tax rate is 34 percent.
  7. g
    Accounting pretax income before the loss on the abandonment and taxable income before any deduction for the loss on the abandonment are both $1,500,000,000. Utility A has no other temporary differences or tax credits.
  8. h
    Utility A operates solely in a single-state jurisdiction.
  9. i
    In the past, Utility A's regulator has permitted recovery of amounts prudently invested in abandoned plants over an extended period of time without a return on unrecovered investment during the recovery period.
  10. j
    The normal practice of Utility A's regulator is to allocate deferred income taxes to assets on which return on investment is disallowed. Deferred taxes allocated to assets excluded from the rate base are not deducted from the rate base for purposes of computing allowable return on investment.
  11. k
    Utility A's regulator normally treats income taxes that were not previously provided as allowable costs if they result from recovery of other allowable costs.
  12. l
    Utility A's incremental borrowing rate at the date of the decision to abandon the plant is 14 percent, interest payable monthly.
  13. m
    Utility A believes that it is probable that recovery of cost without return on investment during the recovery period will be granted over a period that will not be less than 5 years nor more than 10 years, but it has no basis for estimating the exact time period that the regulator will select.
  14. n
    At the date of the abandonment, Utility A believes that it will take approximately 18 months to obtain a rate order covering the abandoned plant.
  15. o
    No disallowance of recorded cost is expected.
  16. p
    A rate order covering the abandoned plant is received in the 18th month following the abandonment. There is no disallowance of recorded costs of the abandoned plant. Those recorded costs are to be recovered over 60 months commencing in the 19th month after abandonment.
","snippet":"The principal assumptions on which the Example is based are as follows:\n(a) Upon initial application of Subtopic 740-10, an entity that meets the criteria of paragraph 980-10-15-2 for application of this Topic will adjus…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a6997d4476cc68ba0cf5f56e319353526f1ac4e821905cf0e611e7a0c7b51f1","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-4","para":"55-4","html":"
Because the amount of deferred taxes related to the remaining investment is both a component of the net investment on which return would be based in the regulatory process and based on the amount of the accounting loss on the abandonment (which is based on the present value of the net investment), the present value of the net investment cannot be derived through a simple present value calculation using a pretax rate. That present value could be derived through a series of iterative calculations, starting with an assumed loss and the resulting deferred tax amounts, then computing the accrual of return on investment and amortization by applying the pretax rate to the resulting net investment, and then computing the income tax effects of the resulting pretax income. Using the remaining asset at the end of the recovery period, the estimate of the loss could be refined until the accrual of a return, amortization, recovery of recorded costs, and the related tax effects resulted in a zero net asset at the end of the recovery period. Alternatively, the net loss can be initially computed based on a present value calculation using an after-tax rate. While that approach is used in this Example, either approach will provide the same result. The following paragraphs illustrate how that approach can be used and the resulting computations of loss recognition, return to be accrued, and amortization.
","snippet":"Because the amount of deferred taxes related to the remaining investment is both a component of the net investment on which return would be based in the regulatory process and based on the amount of the accounting loss o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11b23182552ef58c14312ead40bc2dc9b0e9a84db94e16e983af11624495a855","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-5","para":"55-5","html":"
When the abandonment becomes probable (in this case, at the date of the decision to abandon), Utility A should remove the recorded cost of the plant from the construction work-in-process accounts. Any disallowance of the recorded cost that is probable and can be reasonably estimated should also be recorded as a loss. There is none in this Example. Utility A should record a separate new asset, representing the future revenues expected to result from the regulator's treatment of the cost of the abandoned plant, at the present value of those expected future revenues.
","snippet":"When the abandonment becomes probable (in this case, at the date of the decision to abandon), Utility A should remove the recorded cost of the plant from the construction work-in-process accounts. Any disallowance of the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0216b0b8466f75dfe3330367141b6d39a728ec9d66b21937103e95d3daff0632","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-6","para":"55-6","html":"
The next step is to compute the deferred income tax liabilities that would be recorded if the tax consequences of the abandonment were recognized before any loss related to the disallowance of return on investment were recognized. When the tax basis of the abandoned plant is deducted as an abandonment loss on the current year's tax return, an additional $500,000,000 of the recorded cost of the asset will be without tax basis. Recovery of that additional amount will result in $500,000,000 of taxable income. The deferred income tax liability on that amount should be computed in accordance with Subtopic 740-10. This Example assumes that the rate is the statutory rate of 34 percent and that Utility A should recognize additional deferred income tax liabilities of $170,000,000.
","snippet":"The next step is to compute the deferred income tax liabilities that would be recorded if the tax consequences of the abandonment were recognized before any loss related to the disallowance of return on investment were r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ac066300a5abf86d1b66f107e29323199b72b97cd512142c1e36bb46320f5945","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-7","para":"55-7","html":"
The amount of tax benefit that resulted from the current deduction of the abandonment loss is also $170,000,000, so no additional asset representing revenue that will be provided for the payment of income taxes should be recognized. Thus, the recorded balance sheet items related to the plant after the abandonment, but before any loss for disallowance of return on investment is recognized, and the resulting net investment should be as follows.
","snippet":"The amount of tax benefit that resulted from the current deduction of the abandonment loss is also $170,000,000, so no additional asset representing revenue that will be provided for the payment of income taxes should be…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d6608055543ac104cfb036c93d01648913de588474192660dd1bcff5eef9dc7","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-8","para":"55-8","html":"
If the computed additional deferred income tax liabilities did not equal the tax benefit that resulted from the abandonment loss, the difference should be recorded as an adjustment of the asset representing revenue that will be provided for the payment of income taxes.
","snippet":"If the computed additional deferred income tax liabilities did not equal the tax benefit that resulted from the abandonment loss, the difference should be recorded as an adjustment of the asset representing revenue that …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a6eb35763faec0a0026fb8541256b9ef39e7e8c52488a1616af6caf101a79c14","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-9","para":"55-9","html":"
The cash flows provided to recover the asset should be estimated to begin in 19 months. For purposes of computing the present value of the net investment, the probable future after-tax revenues would be estimated at $9,091,667 per month for 5 years (based on an assumed straight-line recovery of the net investment over the 5-year minimum period within the range— $545,500,000/60). The discount rate used should be 9.24 percent (14 percent net of tax at the rate computed in paragraph 980-360-55-6). The computation of the amount to be recorded for the new asset and of the loss resulting from the abandonment would be as follows.
","snippet":"The cash flows provided to recover the asset should be estimated to begin in 19 months. For purposes of computing the present value of the net investment, the probable future after-tax revenues would be estimated at $9,0…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4208e3fa725fb5f68397b1eb600f0437cc00a1f7f214e64d9c6f8d7859eafb0f","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-10","para":"55-10","html":"
The net loss should be allocated between the new asset resulting from the abandonment and the existing deferred taxes based on the relationship between the investment (100 percent), deferred taxes (34 percent, computed as $281,015,152/$826,515,152), and the net investment (66 percent). The computation would be as follows.
","snippet":"The net loss should be allocated between the new asset resulting from the abandonment and the existing deferred taxes based on the relationship between the investment (100 percent), deferred taxes (34 percent, computed a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cd0a45a723fc0c7777f05ecbe39c6c4fbe994f6034412cd5edcc564f05181807","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-11","para":"55-11","html":"
Pending receipt of a rate order, Utility A should accrue carrying charges on the net recorded asset at a monthly rate of 1/12 of 14 percent. Taxes should be provided on those accrued carrying charges based on the rate required to adjust the accumulated deferred income tax liabilities to the amounts required by Subtopic 740-10. Usually, that rate will be the statutory rate. The following table illustrates those computations based on the statutory rate.
","snippet":"Pending receipt of a rate order, Utility A should accrue carrying charges on the net recorded asset at a monthly rate of 1/12 of 14 percent. Taxes should be provided on those accrued carrying charges based on the rate re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d77248d82d40c9717447cccdbb498e573a9d87e3be18c80d051c3c4a6ac7257a","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-12","para":"55-12","html":"
Based on the rate order (see paragraph 980-360-55-3(n)), revenues actually allowed would be $13,775,253 per month ($826,515,152/60). Earnings should continue to be recognized each month equal to 1/12 of 14 percent of the remaining net investment, and taxes should continue to be provided on those earnings at the rate required to adjust the recorded deferred income tax liabilities to the amount required by Subtopic 740-10. Usually that rate would be the statutory rate. The following table illustrates those computations using the 34 percent statutory rate.
","snippet":"Based on the rate order (see paragraph 980-360-55-3(n)), revenues actually allowed would be $13,775,253 per month ($826,515,152/60). Earnings should continue to be recognized each month equal to 1/12 of 14 percent of the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c4d8da80486913f35922bd794462039bc68c82eee50268a4f33fcdb8f8d45c8e","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-13","para":"55-13","html":"
In the event of a change in tax rates, the accumulated deferred income tax liabilities should be adjusted to the computed liability at the new rates. If the change in tax rates causes a reduction of the recorded deferred income tax liability, that reduction would usually result in a reduction of the recorded asset representing revenue that will be provided for payment of income taxes. If the change in tax rates causes an increase of the recorded deferred income tax liability, that increase would usually result in an increase of the recorded asset representing revenue that will be provided for payment of income taxes. However, the regulator's expected rate actions could change that result.
","snippet":"In the event of a change in tax rates, the accumulated deferred income tax liabilities should be adjusted to the computed liability at the new rates. If the change in tax rates causes a reduction of the recorded deferred…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c3053612c689f69f1d7360ba26b3e73c9d06c782360220b1ce4eb4566d7663b6","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-14","para":"55-14","html":"
This Example illustrates the guidance in paragraphs
980-360-35-12 through 35-14
.
","snippet":"This Example illustrates the guidance in paragraphs 980-360-35-12 through 35-14.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f780b5b1b4b766eb3fe07053e4ab53ccc50b6abb62809ef951ea644f4531cbb1","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-15","para":"55-15","html":"
This Example assumes a tax rate of 34 percent.
","snippet":"This Example assumes a tax rate of 34 percent.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:70191ea106967b46b2c009073f8e8c7cb72e5863df98ff6cd85c2b8e11deabe3","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-16","para":"55-16","html":"
Assume that Utility B operates in two state jurisdictions. After an extensive prudence investigation, the regulator in one of those state jurisdictions disallows $865 million of the $3.6 billion total cost of Utility B's recently completed nuclear generating plant. That state jurisdiction represents approximately 50 percent of Utility B's operations, and approximately 50 percent of the output of the recently completed plant is expected to be used in that state. The tax basis of the plant is $2.4 billion. The regulator indicates that the tax benefit from a ratable portion of depreciation will be given to the shareholders as a result of the disallowance. After consultation with counsel, Utility B decides that it should not appeal the regulator's disallowance. The regulator in Utility B's other state jurisdiction has not participated in the prudence investigation, and there is no indication that a similar disallowance is likely in that jurisdiction.
","snippet":"Assume that Utility B operates in two state jurisdictions. After an extensive prudence investigation, the regulator in one of those state jurisdictions disallows $865 million of the $3.6 billion total cost of Utility B's…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c604dfb8890db366b0d028487ddee3dd0af87e241720f5aeaa1f79da7c89c87","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-17","para":"55-17","html":"
Utility B should recognize the effective disallowance as a loss. Because only 50 percent of the plant's cost will be recoverable from customers in the state, the effective disallowance is 50 percent of the amount disallowed, or $432.5 million. The disallowance should be recognized when the disallowance is probable and the amount of the disallowance can be reasonably estimated, and those conditions are met in this case. The tax benefit of the loss will be realized as future depreciation is taken for income tax purposes. Since the tax benefit of the plant is based on $2.4 billion and the cost of the plant prior to the disallowance is $3.6 billion, only two-thirds of the loss is available for tax benefit. A deferred tax benefit, based on two-thirds of the loss, can be recognized when the loss is recognized providing that benefit meets the criteria of Subtopic 740-10 for recognition.
","snippet":"Utility B should recognize the effective disallowance as a loss. Because only 50 percent of the plant's cost will be recoverable from customers in the state, the effective disallowance is 50 percent of the amount disallo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5e7b3849cd8dcf1c9d23d7aee26de356ee4772abf1c5c871b6a851a1aaa7b38","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-18","para":"55-18","html":"
This Example illustrates the guidance in paragraphs
980-360-35-12 through 35-14
.
","snippet":"This Example illustrates the guidance in paragraphs 980-360-35-12 through 35-14.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:41b88ca2af7ce21eca1637024fdfec8a9b4483757c34b80b4e53671c12817af5","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-19","para":"55-19","html":"
This Example assumes a tax rate of 34 percent.
","snippet":"This Example assumes a tax rate of 34 percent.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d4e60619a0c12c700f7c353633f5eb84a8ce29f448dc7362b73bc8ccc5024c0d","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-20","para":"55-20","html":"
Assume that Utility C, which operates solely in one state jurisdiction, is constructing a new electric generating plant. Completion is expected to take approximately one year. The cost of the plant, which was originally expected to be $1.25 billion, is now estimated to be as follows.
","snippet":"Assume that Utility C, which operates solely in one state jurisdiction, is constructing a new electric generating plant. Completion is expected to take approximately one year. The cost of the plant, which was originally …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fc786599794d15176827dc530ed5e67dab5b9dbdf45198bb2d6332bee799ea37","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-21","para":"55-21","html":"
Various parties have charged that certain cost increases were a result of imprudent management of the construction.
","snippet":"Various parties have charged that certain cost increases were a result of imprudent management of the construction.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aeac6f8323afe1e9e11490060dca70dd29b3656d6c78bfa8136b54df8bebe491","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-22","para":"55-22","html":"
To avoid the cost and time delay that would be involved in a full-scale prudence investigation of the construction of the plant, Utility C and its regulator agree that the total cost of the plant that will be allowable in determining depreciation and that will be allowed in Utility C's rate base will be $3.4 billion. If the eventual cost of the plant exceeds that cap, a ratable portion of the tax benefit of depreciation will accrue to the benefit of the shareholders. For tax purposes, the plant is expected to have a net depreciable basis of $2.0 billion.
","snippet":"To avoid the cost and time delay that would be involved in a full-scale prudence investigation of the construction of the plant, Utility C and its regulator agree that the total cost of the plant that will be allowable i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb82d20af9eaa3169f6d1192b137cc6487bccceafd7a85dcd517c05192c20740","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-23","para":"55-23","html":"
The loss that results from the disallowance inherent in the cost cap would be computed as follows.
","snippet":"The loss that results from the disallowance inherent in the cost cap would be computed as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2768e9effefbe2333edda1d07d0a76cd9b0d3ff624d4de07f6386eefe8f734ff","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-24","para":"55-24","html":"
After the loss is recognized, an allowance for funds used during construction would continue to be recorded based on the remaining recorded costs. Subsequently, if additional increases in the cost of the plant become probable and those costs are not allowable under the agreed cost cap, those increases would also be recognized as losses from disallowances when they become probable.
","snippet":"After the loss is recognized, an allowance for funds used during construction would continue to be recorded based on the remaining recorded costs. Subsequently, if additional increases in the cost of the plant become pro…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0921e6eec7cc1c4f3f74d8afaed5d5b9157ab4f48e29f72fcc508fc253527ed","downloaded_from":"2026-09-10T00:13:17.858Z","last_downloaded_at":"2026-09-10T00:13:17.858Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477641","source_sha256":"9de72cca05ef40200f310fec7441773e53308d924d7d5b782e1990d8e221fddf"}},{"citation":"360-980-55-25","para":"55-25","html":"
If the regulator ordered a cost cap that Utility C did not agree to, Utility C would have to assess whether the criteria of Topic 450 for loss recognition are met. If those criteria are met, the accounting would be as indicated above. Otherwise, no loss would be recognized until that loss was probable and could be reasonably estimated. Because of the possible disallowance inherent in the cost cap, it may no longer be probable that some amount of allowance for funds used during construction will be included in allowable costs in the future, and that amount may be reasonably estimable. In that case, that amount of allowance for funds used during construction would not be capitalized.
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This Example illustrates the guidance in paragraphs
980-360-35-12 through 35-14
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Assume that Utility D operates solely in a single-state jurisdiction. On January 1, 19X1, Utility D's new electric generating plant becomes operational. The cost of that plant is $1 billion.
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Utility D's regulator concludes that part of the cost of the recently completed plant was imprudently incurred. However, rather than disallow the specific costs that were imprudent, the regulator instead excludes 10 percent ($100 million) of the plant from the rate base, thereby providing no return on investment on that portion of the plant. The regulator does not intend any part of the tax benefit of depreciation to accrue to the benefit of Utility D's shareholders. The regulator indicates that the exclusion of 10 percent of the plant's cost from the rate base is intended to be permanent. The utility concludes that it will not appeal the disallowance after considering the likely outcome of an appeal.
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Utility D should record the indirect disallowance as a loss and should estimate the amount of that loss using the best available information. If the regulator specifies the amount of cost that was imprudent, that amount may be the best estimate of the loss. Otherwise, Utility D would have to estimate the future cash flows that have been disallowed as a result of the order and determine the effective disallowance by computing the present value of those disallowed future cash flows. Since both the disallowed future cash flows and the appropriate discount rate to compute the present value would be estimates, those estimates should be calculated on a consistent basis. Accordingly, if the future cash flows are estimated based on the current weighted-average overall cost of Utility D's capital, that weighted-average overall cost of capital should also be used as the discount rate. The loss has no tax benefit to Utility D.
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No updates have been made to this subtopic.
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See paragraph 980-360-S99-2, SAB Topic 10.E, for SEC Staff views on the classification of charges for abandonment and disallowances.
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See paragraph 210-10-S99-1, Regulation S-X Rule 5-02.13(b), for disclosure requirements for tangible and intangible utility plants of a public utility company.
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See paragraph 980-360-S99-1, SAB Topic 10.C, for SEC Staff views on disclosure concerning interests in jointly owned utility plants.
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The following is the text of SAB Topic 10.C, Jointly Owned Electric Utility Plants.
","snippet":"The following is the text of SAB Topic 10.C, Jointly Owned Electric Utility Plants.\nFacts: Groups of electric utility companies have been building and operating utility plants under joint ownership agreements or arrangem…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ae0bd1f1506a3d973340c8aa1dfd4caa9f76b40d095ec790b5ad06368d199c1","downloaded_from":"2026-09-10T00:13:32.748Z","last_downloaded_at":"2026-09-10T00:13:32.748Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479070","source_sha256":"d0fa54b6a370547234eacb3b64d6fd8c9130b1c46f38f19356aa7f40e41d50a4"}},{"citation":"360-980-S99-2","para":"S99-2","html":"
The following is the text of SAB Topic 10.E, Classification of Charges for Abandonment and Disallowances.
","snippet":"The following is the text of SAB Topic 10.E, Classification of Charges for Abandonment and Disallowances.\nFacts: A public utility company abandons the construction of a plant and, under the provisions of Statement 90 [To…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a772361148386c7d8b7fc1845c7ce6c3ca2020dd3669cb1e81930e3ccd3812c","downloaded_from":"2026-09-10T00:13:32.748Z","last_downloaded_at":"2026-09-10T00:13:32.748Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479070","source_sha256":"d0fa54b6a370547234eacb3b64d6fd8c9130b1c46f38f19356aa7f40e41d50a4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:91df30c7c8dbd6ed43da5cd33b6df4774df50ec83e418a8ae97336e8d72ecc07","downloaded_from":"2026-09-10T00:13:32.748Z","last_downloaded_at":"2026-09-10T00:13:32.748Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479070","source_sha256":"d0fa54b6a370547234eacb3b64d6fd8c9130b1c46f38f19356aa7f40e41d50a4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:057e0fb4900fefa07f9a682bc3bd459085f2a829825742a5f4c680e8b694352a","downloaded_from":"2026-09-10T00:13:32.748Z","last_downloaded_at":"2026-09-10T00:13:32.748Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479070","source_sha256":"d0fa54b6a370547234eacb3b64d6fd8c9130b1c46f38f19356aa7f40e41d50a4"}}],"enrichment":{"summary":"This Subtopic tells regulated entities (utilities) how to account for property, plant, and equipment in three situations: plant abandonments, disallowances of costs of recently completed plants, and capitalization of an allowance for funds used during construction (AFUDC). When abandonment becomes probable, the asset's cost comes out of construction work-in-process or plant-in-service and a separate new asset is recorded — at full cost if a full return on investment is likely to be provided, or at the present value of expected future recovery revenues (discounted at the entity's incremental borrowing rate) if partial or no return is likely, with the shortfall and any probable, estimable disallowance recognized as a loss. When it becomes probable that part of the cost of a recently completed plant will be disallowed for rate-making purposes and the amount is reasonably estimable, that amount is deducted from the plant's reported cost and recognized as a loss.","key_points":["AFUDC, including a designated cost of equity funds, may be capitalized as part of the asset's acquisition cost only if its subsequent inclusion in allowable costs for rate-making purposes is probable (360-980-25-1).","When abandonment of an operating asset or asset under construction becomes probable, its cost must be removed from construction work-in-process or plant-in-service (360-980-35-1).","If full return on investment is likely, any probable and reasonably estimable disallowance is a loss and the remaining cost is reported as a separate new asset; if partial or no return is likely, the new asset equals the present value of expected future recovery revenues (discounted at the incremental borrowing rate) and any excess cost is a loss (360-980-35-3).","If the expected recovery period is a range, Section 450-20-55 applies: use the most likely period, or the minimum period if no point in the range is a better estimate (360-980-35-3(b)).","Between recognition of the new asset and the start of recovery, a carrying charge accrues at the allowed overall cost of capital (full return case) or at the discount rate used for the present value (partial/no return case); during recovery the asset is amortized per rate-making methods or so as to produce a constant return equal to the discount rate (360-980-35-7; 35-8).","Estimates of the new asset are updated as new information arises (the rate order is usually the confirming event), with adjustments recognized in income as a loss or gain, but the carrying amount is never adjusted for changes in the incremental borrowing rate (360-980-35-4; 35-6).","A probable and reasonably estimable disallowance of part of a recently completed plant's cost — including an explicit but indirect disallowance, such as excluding part of the plant from rate base or an agreed cost cap — is deducted from reported plant cost and recognized as a loss (360-980-35-12; 35-13; 35-15)."],"categories":["Impairment","Subsequent measurement","Industry-specific","Inventory and PP&E"],"audience_level":"advanced","student_note":"This is the classic utility-specific \"regulatory asset\" mechanic: economic value in regulated PP&E depends on what the regulator will let the utility recover, so losses are driven by rate orders rather than market value. The most common misunderstanding is skipping the full-return vs. partial/no-return branch — only in the partial/no-return case do you discount expected recovery revenues (at the incremental borrowing rate) and recognize the resulting shortfall as a loss.","related_topics":["980-10","980-835","450-20","740-10","360-10","980-340"],"key_concepts":["plant abandonment","allowance for funds used during construction","cost disallowance","explicit but indirect disallowance","return on investment","rate base","incremental borrowing rate","separate new asset"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c619b096d42329040a3d12c42da88044e3e8b669bf46654a272b6f84fe978493","downloaded_from":"2026-09-10T00:13:03.015Z","last_downloaded_at":"2026-09-10T00:13:32.748Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"980-20","title":"Discontinuation of Rate-Regulated Accounting","topic_title":"Regulated Operations","score":0.7941,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1da054929d1988eff9c70708a7ce8a5582af58e06a421487d4423026e5f9f219","downloaded_from":"2026-09-10T02:27:47.191Z","last_downloaded_at":"2026-09-10T02:28:14.273Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"980-10","title":"Overall","topic_title":"Regulated Operations","score":0.7773,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d992ebd163f321fec6d8baf7cedd310117a68d6a3014a6640da54ff82d9d2f72","downloaded_from":"2026-09-10T02:27:16.483Z","last_downloaded_at":"2026-09-10T02:27:45.235Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"420-10","title":"Overall","topic_title":"Exit or Disposal Cost Obligations","score":0.7401,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f159f6cb8410b2fbbc986c8274bcf7442a952c84aa619784fac0658071bc2ae","downloaded_from":"2026-09-10T00:22:32.182Z","last_downloaded_at":"2026-09-10T00:23:24.442Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"340-980","title":"Regulated Operations","topic_title":"Other Assets and Deferred Costs","score":0.7357,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e69a4ab4c010a26cdc5a268c4406194e2d75293cce6720c0a7e84a67b5c1e2c0","downloaded_from":"2026-09-09T23:59:39.238Z","last_downloaded_at":"2026-09-10T00:00:06.441Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"410-980","title":"Regulated Operations","topic_title":"Asset Retirement and Environmental Obligations","score":0.7303,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:85ee399833b02be8fa55096057ca250f2907891a4f32c1375215b02049ce3bc3","downloaded_from":"2026-09-10T00:22:01.250Z","last_downloaded_at":"2026-09-10T00:22:29.648Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"330-10","title":"Overall","topic_title":"Inventory","score":0.7287,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7982cf7c538455bf149412155353d70d6bcc712543085ab804885b4ed7f3d41f","downloaded_from":"2026-09-09T23:50:30.404Z","last_downloaded_at":"2026-09-09T23:51:21.227Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"360-972","title":"Real Estate—Common Interest Realty Associations","topic_title":"Property, Plant, and Equipment","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c59fafcedd652665b06051c841864c9b748e3be65e40008f0b997487d7ed421","downloaded_from":"2026-09-10T00:12:38.565Z","last_downloaded_at":"2026-09-10T00:12:59.332Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"405-10","title":"Overall","topic_title":"Liabilities","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:88f2e1b65329cc1e801c2b78bede055285bfa6d73a9de4b7c8194ba02e577a3e","downloaded_from":"2026-09-10T00:13:36.711Z","last_downloaded_at":"2026-09-10T00:13:43.757Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:56928678b44a23c2506cae016d3502d0ce529cd1c3f50eb040a986b8415a43c9","downloaded_from":"2026-09-10T00:13:03.015Z","last_downloaded_at":"2026-09-10T00:13:32.748Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"paragraphs":696,"summary":"ASC 360 covers the accounting for property, plant, and equipment: capitalizing cost, allocating it to periods through systematic and rational depreciation, testing long-lived assets for impairment, and reporting assets to be disposed of. The general guidance in 360-10 supplies the core model — depreciation as a process of allocation, not valuation (360-10-35-3 through 35-4); a two-step held-and-used impairment test triggered by indicators (360-10-35-21) that compares carrying amount to undiscounted future cash flows and then writes the asset group down to fair value with no restoration (360-10-35-17, 35-20); and held-for-sale classification under the six criteria in 360-10-45-9, with measurement at the lower of carrying amount or fair value less cost to sell and no depreciation (360-10-35-43). Layered on top are industry subtopics that tailor capitalization, depreciation, presentation, and impairment inputs for airlines, agriculture, cable television, mining, oil and gas, insurance, health care, regulated utilities, real estate projects, CIRAs, employee benefit plans, and not-for-profits. Note also that two subtopics are now empty shells — 360-20 (real estate sales, superseded by ASC 606/610-20/842-40) and 360-910 — and may not be cited as authoritative support.","concepts":["depreciation as cost allocation","recoverability test using undiscounted cash flows","asset groups and the primary asset","impairment loss measured at fair value","held-for-sale classification criteria","lower of carrying amount or fair value less cost to sell","capitalization of development and modification costs","industry-specific pp&e guidance"],"categories":["Impairment","Inventory and PP&E","Subsequent measurement","Industry-specific"],"level":"intermediate","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b8813e733edcfd09bdf49697200634543982a86de092c43e223e0c91d37d8faa","downloaded_from":"2026-09-10T00:05:35.818Z","last_downloaded_at":"2026-09-10T00:13:32.748Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}