Wiley GAAP 2021, 2nd Edition

25ASC 360 PROPERTY, PLANT, AND EQUIPMENT

1. Perspective and Issues
   1. Subtopics
   2. Overview
      1. Comparison of Accounting and Impairment Rules
2. Definitions of Terms
3. Overall—ASC 360‐10, Property, Plant, and Equipment
   1. Scope and Scope Exceptions
      1. ASC 360‐10, General
      2. ASC 360‐10, Impairment of Disposal of Long‐Lived Assets
   2. Concepts, Rules, and Examples
      1. Cost Considerations—Initial Acquisition
      2. Construction of Tangible Assets for Internal Use
      3. Interest Cost
      4. Acquisition of an Interest in the Residual Value in Leased Assets
      5. Accounting for Assets Acquired in a Group
      6. Unit of Accounting
      7. Other Asset Acquisition Concerns
      8. Cost Considerations—Postacquisition
   3. Depreciation and Depletion—Overview
      1. The Depreciable Base
      2. The Useful Life
   4. Depreciation Methods
      1. Annuity Methods
      2. Income Tax Methods
      3. Depreciation Methods as a Function of Time
      4. Partial‐Year Depreciation
      5. Examples of Depreciation Methods
      6. Example of Straight‐line Depreciation
      7. Example of Double‐Declining Balance Depreciation
      8. Example of Sum‐of‐the‐Years’ Digits (SYD) Depreciation
      9. Example of Partial‐Year Depreciation
      10. Depreciation Method Based on Actual Physical Usage
   5. Other Depreciation Methods
      1. Group (Composite) Method
      2. Depletion
      3. Example of Depletion
      4. Impairment
      5. Impairment of Long‐Lived Assets to Be Held and Used
      6. Example of Impairment
      7. Analysis
      8. Estimate of Future Cash Flows
      9. Other Impairment Considerations
      10. Long‐Lived Assets Classified as Held for Sale
      11. Measuring Expected Disposal Gain or Loss
      12. Reclassification—Changes to a Plan to Sell
      13. Transfer or Sale of ...