Required subscriptions
- US GAAP
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.