Wiley GAAP 2020

26ASC 360 PROPERTY, PLANT, AND EQUIPMENT

• Perspective and Issues
  • Subtopics
  • Overview
    • Comparison of Accounting and Impairment Rules
• Definitions of Terms
• OVERALL—ASC 360-10, PROPERTY, PLANT, AND EQUIPMENT
  • Scope and Scope Exceptions
    • ASC 360-10, General
    • ASC 360-10, Impairment of Disposal of Long-lived Assets
  • Concepts, Rules, and Examples
    • Cost Considerations—Initial Acquisition
    • Construction of Tangible Assets for Internal Use
    • Interest Cost
    • Acquisition of an Interest in the Residual Value in Leased Assets
    • Accounting for Assets Acquired in a Group
    • Unit of Accounting
    • Other Asset Acquisition Concerns
    • Cost Considerations—Postacquisition
  • Depreciation and Depletion—Overview
    • The Depreciable Base
    • The Useful Life
  • Depreciation Methods
    • Annuity Methods
    • Income Tax Methods
    • Depreciation Methods as a Function of Time
    • Partial-Year Depreciation
    • Examples of Depreciation Methods
    • Example of Straight-line Depreciation
    • Example of Double-declining Balance Depreciation
    • Example of Sum-of-the-years’ Digits (SYD) Depreciation
    • Example of Partial-year Depreciation
    • Depreciation Method Based on Actual Physical Usage
  • Other Depreciation Methods
    • Group (Composite) Method
    • Depletion
    • Example of Depletion
    • Impairment
    • Impairment of Long-lived Assets to be Held and Used
    • Example of Impairment
    • Analysis
    • Other Impairment Considerations
    • Long-lived Assets Classified as Held for Sale
    • Measuring Expected Disposal Gain or Loss
    • Reclassification—Changes to a Plan to Sell
    • Transfer or Sale of Property, Plant, or Equipment ...