Required subscriptions
- US GAAP
This Roadmap provides Deloitte’s insights into the guidance in ASC 360-101 and ASC
205-20 on impairments and disposals of long-lived assets and presentation of
discontinued operations. ASC 360-10 specifies the accounting and reporting for
long-lived assets that are being held and used by an entity and for long-lived
assets that the entity intends to sell or otherwise dispose of. 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
operation.
The body of this Roadmap combines the guidance in ASC 360-10 and ASC 205-20 on
accounting and reporting for long-lived assets — 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.
The 2021 edition includes updated and expanded guidance as well as On the Radar, a
high-level synopsis of accounting and reporting issues associated with impairments
and disposals of long-lived assets and discontinued operations.