6.4 Disclosures for Disposals That Are Not Discontinued Operations
ASC 360-10-50-3 requires the following
disclosures for disposals that do not meet the criteria for discontinued-operations
reporting only in the period in which the component is classified as held for sale
or disposed of:
ASC 360-10
50-3 For any period in which a long-lived asset (disposal group) either has been disposed of or is classified as held for sale (see paragraph 360-10-45-9), an entity shall disclose all of the following in the notes to financial statements:
- A description of the facts and circumstances leading to the disposal or the expected disposal.
- The expected manner and timing of that disposal.
- The gain or loss recognized in accordance with paragraphs 360-10-35-37 through 35-45 and 360-10-40-5.
- If not separately presented on the face of the statement where net income is reported (or in the statement of activities for a not-for-profit entity), the caption in the statement where net income is reported (or in the statement of activities for a not-for-profit entity) that includes that gain or loss.
- If not separately presented on the face of the statement of financial position, the carrying amount(s) of the major classes of assets and liabilities included as part of a disposal group classified as held for sale. Any loss recognized on the disposal group classified as held for sale in accordance with paragraphs 360-10-35-37 through 35-45 and 360-10-40-5 shall not be allocated to the major classes of assets and liabilities of the disposal group.
- If applicable, the segment in which the long-lived asset (disposal group) is reported under Topic 280 on segment reporting.