{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/323/970/#40-derecognition","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"323","topic_title":"Investments—Equity Method and Joint Ventures","subtopic":"323-970","subtopic_title":"Real Estate—General","section":{"number":"40","label":"40 Derecognition","anchor":"40-derecognition","is_sec":false,"groups":[{"block":null,"heading":"Sale of an Investment in a Real Estate Venture","paragraphs":[{"citation":"323-970-40-1","para":"40-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_25D4E86C-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A sale of an investment in a consolidated <a href=\"/glossary/r/#real-estate-venture\" class=\"term\" title=\"Any of the following: a joint venture, a general partnership, a limited partnership, and an undivided interest.\"><span>real estate venture</span></a> (including the sale of stock in a corporate real estate venture) shall be evaluated under the guidelines set forth in paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/360/10/#360-10-40-3A\" class=\"xref\">360-10-40-3A through 40-3B</a></div>. </span></span> <span class=\"sfragment\" id=\"sfr_25D4E99C-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The sale of a noncontrolling investment in a real estate venture that is being accounted for in accordance with Topic <a altsource=\"GUID-A9CFFB3B-63C1-4D60-AEE3-DA1A278C07C2.ditamap\" class=\"ditamap\">320</a> on investments—debt securities; Topic <a altsource=\"GUID-30D592DB-7A98-4C24-AB74-116B7CA90050.ditamap\" class=\"ditamap\">321</a> on investments—equity securities; Topic <a altsource=\"GUID-C1DBE130-0C11-41EE-A5D3-44390B444883.ditamap\" class=\"ditamap\">323</a> on investments—equity method and joint ventures; or Topic <a altsource=\"GUID-587D0169-4E4C-43C7-891F-845E730330AD.ditamap\" class=\"ditamap\">325</a> on investments—other, shall be accounted for in accordance with the guidance in Topic <a altsource=\"GUID-E53370AF-0D20-4F9A-BBE9-2A4A9016D32F.ditamap\" class=\"ditamap\">860</a> on transfers and servicing.</span></span> </div> </div>","snippet":"A sale of an investment in a consolidated real estate venture (including the sale of stock in a corporate real estate venture) shall be evaluated under the guidelines set forth in paragraphs 360-10-40-3A through 40-3B. T…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2467d6fa25e009373d85ebbdd6ac97fa8b0d062548d9a0999311a0711512dfbb","downloaded_from":"2026-09-09T23:42:57.983Z","last_downloaded_at":"2026-09-09T23:42:57.983Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479305","source_sha256":"39ba1e494c77a62cbc37f31c1a7ca75fb88dc92ee801d3a8f626b1aade0ff142"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:466464d2390de187ca0dffca9088a09d061a62f9e1dea23275477a97b3eb8cc3","downloaded_from":"2026-09-09T23:42:57.983Z","last_downloaded_at":"2026-09-09T23:42:57.983Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479305","source_sha256":"39ba1e494c77a62cbc37f31c1a7ca75fb88dc92ee801d3a8f626b1aade0ff142"}},{"block":null,"heading":"Acquisition, Development, and Construction Arrangements","paragraphs":[{"citation":"323-970-40-2","para":"40-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">See the <a href=\"/asc/310/10/#40-derecognition\" class=\"xref\">Acquisition, Development, and Construction Subsection</a> of Section 310-10-40 for additional guidance concerning derecognition of <a href=\"/glossary/a/#acquisition-development-and-construction-arrangements\" class=\"term\" title=\"Acquisition, development, or construction arrangements, in which a lender, usually a financial institution, participates in expected residual profit from the sale or refinancing of property.\"><span>acquisition, development, and construction arrangements</span></a> that are required to be accounted for as real estate joint ventures under that guidance.</div> </div>","snippet":"See the Acquisition, Development, and Construction Subsection of Section 310-10-40 for additional guidance concerning derecognition of acquisition, development, and construction arrangements that are required to be accou…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6e775ced58dd65afd03d0a1279a27cbd35087e4cf69be4f57025284283a89e8e","downloaded_from":"2026-09-09T23:42:57.983Z","last_downloaded_at":"2026-09-09T23:42:57.983Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479305","source_sha256":"39ba1e494c77a62cbc37f31c1a7ca75fb88dc92ee801d3a8f626b1aade0ff142"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f5a53084163c9267768b0598ac0ac7a87f6dd81a0b67ed3fcc46eeefc8610921","downloaded_from":"2026-09-09T23:42:57.983Z","last_downloaded_at":"2026-09-09T23:42:57.983Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479305","source_sha256":"39ba1e494c77a62cbc37f31c1a7ca75fb88dc92ee801d3a8f626b1aade0ff142"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04102d4da56d6cd21f27d7e5cdf095c7050e8f18648f9fd0e260f1bc78124ef2","downloaded_from":"2026-09-09T23:42:57.983Z","last_downloaded_at":"2026-09-09T23:42:57.983Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479305","source_sha256":"39ba1e494c77a62cbc37f31c1a7ca75fb88dc92ee801d3a8f626b1aade0ff142"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04102d4da56d6cd21f27d7e5cdf095c7050e8f18648f9fd0e260f1bc78124ef2","downloaded_from":"2026-09-09T23:42:57.983Z","last_downloaded_at":"2026-09-09T23:42:57.983Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479305","source_sha256":"39ba1e494c77a62cbc37f31c1a7ca75fb88dc92ee801d3a8f626b1aade0ff142"}}