Wiley GAAP 2018, 16th Edition

28ASC 360 Property, Plant, and Equipment

1. Perspective and Issues
   1. Subtopics
   2. Scope and Scope Exceptions
      1. ASC 360-10, General
      2. ASC 360-10, Impairment of Disposal of Long-Lived Assets
      3. ASC 360-20
   3. Overview
      1. ASC 360-10, Overall
      2. Exhibit—Summary and Comparison of Accounting and Impairment Rules
      3. ASC 360-20, Real Estate Sales.
2. Definitions of Terms
3. Concepts, Rules, and Examples
   1. ASC 360-10, Property, Plant, and Equipment—Overall
      1. Cost Considerations—Initial Acquisition
      2. Other Asset Acquisition Concerns
      3. Cost Considerations—Postacquisition
      4. Depreciation and Depletion
      5. Depreciation Methods
         1. Example of Straight-Line Depreciation
         2. Example of Double-Declining Balance Depreciation
         3. Example of Sum-of-the-Years' Digits (SYD) Depreciation
         4. Example of Partial-Year Depreciation
      6. Depletion
         1. Example of Depletion
      7. Impairment
         1. Example of Impairment
      8. Transfer or Sale of Property, Plant, or Equipment
         1. Example of Long-Lived Assets to be Disposed of by Sale
   2. ASC 360-20, Real Estate Sales
      1. Scope.⁵
      2. Criteria for Using Full Accrual Method
      3. Criterion 1—Consummation of a Sale
      4. Criterion 2—Adequacy of the Buyer's Initial and Continuing Investment
         1. Example Determining Adequacy of Initial Investment
      5. Criterion 3—Future Subordination
      6. Criterion 4—Continuing Involvement
   3. Methods of Accounting for Real Estate Sales other than Retail Land Sales
      1. Selection of Method
      2. Full Accrual Method
      3. Installment Method
         1. Example of the Installment Method
      4. Cost Recovery Method
         1. Example of the Cost Recovery Method
      5. Deposit Method ...