We are pleased to present the 2023 edition of Impairments and Disposals of Long-Lived Assets and Discontinued Operations. 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 2023 edition of this Roadmap includes updated and expanded guidance. For a summary of key changes made to this Roadmap since publication of the 2022 edition, see Appendix D.
We hope that you find this publication a valuable resource when accounting and reporting for disposals of long-lived assets and discontinued operations.