Access the FASB Accounting Standards Codification at the FASB website (www.fasb.
ID: 2578481 • Letter: A
Question
Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine the specific citation for each of the following items:1. The disclosure requirements in the notes to the financial statements for depreciation on property, plant, and equipment.
2. The criteria for determining commercial substance in a nonmonetary exchange.
3. The disclosure requirements for interest capitalization.
4. The elements of costs to be included as R&D activities.
Requirement Topic Subtopic Section Paragraph 1 2 3 4 Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine the specific citation for each of the following items:
1. The disclosure requirements in the notes to the financial statements for depreciation on property, plant, and equipment.
2. The criteria for determining commercial substance in a nonmonetary exchange.
3. The disclosure requirements for interest capitalization.
4. The elements of costs to be included as R&D activities.
Requirement Topic Subtopic Section Paragraph 1 2 3 4
Explanation / Answer
Requirement Topic Subtopic Section Paragraph 1 ASC 360 10 50 1 2 ASC 845 10 30 4 3 ASC 835 20 50 1 4 ASC 730 10 25 2