ASU 2017-05

The FASB is issuing this Update to clarify the scope of Subtopic 610-20, Other
Income—Gains and Losses from the Derecognition of Nonfinancial Assets, and to
add guidance for partial sales of nonfinancial assets. Subtopic 610-20, which was
issued in May 2014 as a part of Accounting Standards Update No. 2014-09,
Revenue from Contracts with Customers (Topic 606), provides guidance for
recognizing gains and losses from the transfer of nonfinancial assets in contracts
with noncustomers.