ASC 360


All articles in this category pertain to ASC 360. ASC 360 is the FASB standard that provides accounting guidance for property, plant, and equipment (PP&E). The standard explains impairment testing for PP&E, a three-step process for long-term assets. These assets should be tested when circumstances imply its carrying amount may not be recoverable.

Learn more about ASC 360 below.

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