Roadmap
Impairments and Disposals of
Long-Lived Assets and Discontinued Operations (November 2023)
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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 2023 edition of this publication includes
updated and expanded guidance on these topics.
Also available is On the Radar, a
high-level summary of emerging issues and trends 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.