Roadmap
Impairments and Disposals of
Long-Lived Assets and Discontinued Operations (October 2022)
- View the PDF version (viewable without subscription):
- Subscription required for downloading, copying, or printing.
- Clients who are not DART subscribers may request a copy of the PDF from their engagement teams.
- View the active version (subscription required).
This Roadmap provides Deloitte’s
insights into the guidance in ASC 360-10 and ASC 205-20. 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 2022 edition of this publication includes
updated and expanded guidance on these topics.
Also available is the latest edition
of On the Radar, a
high-level summary of key issues related to the accounting and financial reporting
topics addressed in the Roadmap.
Be sure to check out other titles in Deloitte’s Roadmap
series, our comprehensive, easy-to-understand collection of
accounting guides on selected topics of broad interest to the financial reporting
community.