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Disposals of Long-Lived Assets and Discontinued Operations

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A Roadmap to Disposals of Long-Lived Assets and Discontinued Operations (August 2019)

  • Download the PDF version (available without subscription; not updated after issuance).
  • View the active version (subscription required; updated as warranted). For subscribers, links to substantive changes made to the Roadmap since its issuance, if any, will be provided below.
This Roadmap combines the guidance in ASC 360-10 and ASC 205-20 on classifying long-lived assets as held for sale — 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.
Note that this Roadmap represents a replacement of the 2017 publication A Roadmap to Reporting Discontinued Operations and has been expanded to address the disposal of long-lived assets.
This Roadmap replaces the Deloitte Q&As that were contained in ASC 360. To find the text in the Roadmap that corresponds to a former Q&A, select the “Discontinued Operations” tab at the bottom of the Q&A to Roadmap Quick Reference Guide and search for the Q&A’s number or title.
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.