precontract costs

Assets1

1. 340-910Contractors—Construction340 Other Assets and Deferred Costs

   ASC 340-910 was the construction-contractor branch of the "Other Assets and Deferred Costs" topic, addressing precontract and other deferred costs incurred by construction contractors. Every substantive paragraph (05-1, 15-1, and 50-1) was superseded by ASU 2014-09 (the revenue recognition standard), so the subtopic is now an empty shell with no operative guidance. Costs to obtain and fulfill a contract with a customer are now accounted for under ASC 340-40.