Wiley GAAP 2018, 16th Edition

47ASC 720 Other Expenses

1. Perspective and Issues
   1. Subtopics
   2. Technical Alert
      1. ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers
      2. Guidance
      3. Effective Date and Transition
   3. Scope and Scope Exceptions
      1. ASC 720-15
      2. ASC 720-25
      3. ASC 720-35
2. Definitions of Terms
3. Concepts, Rules, and Examples
   1. ASC 720-10, Overall
   2. ASC 720-15, Start-Up Costs
   3. ASC 720-20, Insurance Costs
   4. ASC 720-25, Contributions Made
   5. ASC 720-30, Real and Personal Property Taxes
      1. Example of Accrued Real Estate Taxes
   6. ASC 720-35, Advertising Costs
   7. ASC 720-40, Electronic Equipment Waste Obligations
   8. ASC 720-45, Business and Technology Reengineering
   9. ASC 720-50, Fees Paid to the Federal Government by Pharmaceutical Manufacturers and Health Insurers

Perspective and Issues

Subtopics

ASC 720, Other Expenses, contains nine subtopics:

• ASC 720-10, Overall, which merely lists the other subtopics
• ASC 720-15, Start-Up Costs
• ASC 720-20, Insurance Costs
• ASC 720-25, Contributions Made
• ASC 720-30, Real and Personal Property Taxes
• ASC 720-35, Advertising Costs
• ASC 720-40, Electronic Equipment Waste Obligations
• ASC 720-45, Business and Technology Reengineering
• ASC 720-50, Fees Paid to the Federal Government by Pharmaceutical Manufacturers and Health Insurers.

Technical Alert

ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers

In December 2016, the FASB issued an ASU that made technical corrections and improvements to ASC 606 and ...