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Chapter 3 — Long-Lived Assets to Be Sold

3.6 Subsequent Measurement While a Disposal Group Is Classified as Held for Sale

3.6 Subsequent Measurement While a Disposal Group Is Classified as Held for Sale

ASC 360-10
35-40 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.