If a reporting entity determines that it will continue to operate its long-lived assets during its reorganization proceedings, the long-lived assets should continue to be classified as held and used. The reporting entity should not cease depreciating long-lived assets that are to be held and used and should evaluate the remaining useful lives of such assets. As the reorganization proceedings continue to progress, management should reassess the appropriateness of the held and used classification when facts and circumstances indicate that the assets may be sold.