A Roadmap to Disposals of Long-Lived Assets and Discontinued Operations

This Roadmap combines the guidance in ASC 360-10 and ASC 205-20 on classifying long-lived assets as held for sale — as well as that on the presentation of disposals that both do and do not qualify for discontinued-operations reporting — with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format.

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Preface Acknowledgments Contacts Chapter 1 — Overview and Scope Chapter 2 — Definitions of Discontinued Operation and Component of an Entity Chapter 3 — Held-for-Sale Classification Criteria and Related Measurement Chapter 4 — Criteria for Reporting a Discontinued Operation Chapter 5 — Presentation of Discontinued Operations Chapter 6 — Disclosures for Discontinued Operations Chapter 7 — Presentation and Disclosure Requirements for Disposals That Are Not Reported as Discontinued Operations Chapter 8 — Reporting Considerations for SEC Registrants Appendix A — Glossary of Terms in ASC 205-20 and ASC 360-20 Appendix B — Changes Made in the 2019 Edition of This Publication Appendix C — Titles of Standards and Other Literature Appendix D — Abbreviations

This Roadmap provides Deloitte’s insights into the guidance in ASC 360-10 and ASC 205-20 on disposals of long-lived assets. ASC 360-10 specifies the criteria for when long-lived assets to be sold must be classified as held for sale, along with the accounting and reporting requirements associated with that classification. ASC 205-20 further provides guidance on when a component, or group of components, of an entity that is classified as held for sale or disposed of must be reported as a discontinued operations.

The body of this Roadmap combines the guidance in ASC 360-10 and ASC 205-20 on classifying long-lived assets as held for sale — as well as that on the presentation of disposals that both do and do not qualify for discontinued-operations reporting — with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. Further, the table of contents is a helpful navigational tool, providing links to topics and interpretations.