Wiley GAAP 2021, 2nd Edition

44ASC 720 OTHER EXPENSES

1. Perspective and Issues
   1. Subtopics
   2. Scope and Scope Exceptions
      1. ASC 720‐15, Start‐Up Costs
      2. ASC 720‐20, Insurance Costs
      3. ASC 720‐25, Contributions Made
      4. ASC 720‐30, Real and Personal Property Taxes
      5. ASC 720‐35, Advertising Costs
      6. ASC 720‐40, Electronic Equipment Waste Obligations
      7. ASC 720‐45, Business and Technology Reengineering
      8. ASC 720‐50, Fees Paid to the Federal Government by Pharmaceutical Manufacturers and Health Insurers
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
      1. Retroactive Contracts
      2. Claims‐Made Contracts
      3. Multiple‐Year Retrospectively Rated Contracts
   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 and there is no relationship between the 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 ...