{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/330/905/#35-subsequent-measurement","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":"330","topic_title":"Inventory","subtopic":"330-905","subtopic_title":"Agriculture","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Growing Crops","paragraphs":[{"citation":"330-905-35-1","para":"35-1","html":"
Costs of growing crops shall be accumulated until the time of harvest. Growing crops shall be measured using the guidance in Subtopic 330-10.
","snippet":"Costs of growing crops shall be accumulated until the time of harvest. Growing crops shall be measured using the guidance in Subtopic 330-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c62a21fa36adee4eea824e84695379f8bfd16c42de8050c31c53d48419be804c","downloaded_from":"2026-09-09T23:51:39.164Z","last_downloaded_at":"2026-09-09T23:51:39.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477934","source_sha256":"183df724af35ed5f4fb9a28e7e423d01dd7a8f0e76a48aea9377bd247c0fc36d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:013699a5c2d55c67cd5e7d9bd2487ac7b583a4f1f46384ffcd76f72c7eeeae8c","downloaded_from":"2026-09-09T23:51:39.164Z","last_downloaded_at":"2026-09-09T23:51:39.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477934","source_sha256":"183df724af35ed5f4fb9a28e7e423d01dd7a8f0e76a48aea9377bd247c0fc36d"}},{"block":null,"heading":"Developing Animals","paragraphs":[{"citation":"330-905-35-2","para":"35-2","html":"
Developing animals to be held for sale shall be measured using the guidance in Subtopic 330-10.
","snippet":"Developing animals to be held for sale shall be measured using the guidance in Subtopic 330-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:682f834a8ac5c1910fcabecd59130c887e6bf22bb1ca421a4d3d924a8c5cb6bf","downloaded_from":"2026-09-09T23:51:39.164Z","last_downloaded_at":"2026-09-09T23:51:39.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477934","source_sha256":"183df724af35ed5f4fb9a28e7e423d01dd7a8f0e76a48aea9377bd247c0fc36d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:240f15b28ed63db341c66e864a0fc4582747eb8186b40c6aa154b38f635f8e41","downloaded_from":"2026-09-09T23:51:39.164Z","last_downloaded_at":"2026-09-09T23:51:39.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477934","source_sha256":"183df724af35ed5f4fb9a28e7e423d01dd7a8f0e76a48aea9377bd247c0fc36d"}},{"block":null,"heading":"Animals Available and Held for Sale","paragraphs":[{"citation":"330-905-35-3","para":"35-3","html":"
Animals held for sale shall be valued at either of the following:
  1. a
    The amount determined using the measurement guidance in Subtopic 330-10
  2. b
    Net realizable value, if all the following conditions exist:
    1. 1
      The product has a reliable, readily determinable, and realizable market price.
    2. 2
      The product has relatively insignificant and predictable costs of disposal.
    3. 3
      The product is available for immediate delivery.
","snippet":"Animals held for sale shall be valued at either of the following:\n(a) The amount determined using the measurement guidance in Subtopic 330-10\n(b) Net realizable value, if all the following conditions exist:\n(1) The produ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:519aadae8636cfdcd2a8ef53eea025cdd37b27968f0f23d4c71910e6ae5e7c73","downloaded_from":"2026-09-09T23:51:39.164Z","last_downloaded_at":"2026-09-09T23:51:39.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477934","source_sha256":"183df724af35ed5f4fb9a28e7e423d01dd7a8f0e76a48aea9377bd247c0fc36d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed4b45c75f84dcc6e7e7d20207798392a4ae5b77ea1b26ce8aa9e3b3d9fdca56","downloaded_from":"2026-09-09T23:51:39.164Z","last_downloaded_at":"2026-09-09T23:51:39.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477934","source_sha256":"183df724af35ed5f4fb9a28e7e423d01dd7a8f0e76a48aea9377bd247c0fc36d"}},{"block":null,"heading":"Harvested Crops","paragraphs":[{"citation":"330-905-35-4","para":"35-4","html":"
Inventories of harvested crops shall be valued using the same criteria as animals held for sale in the preceding paragraph.
","snippet":"Inventories of harvested crops shall be valued using the same criteria as animals held for sale in the preceding paragraph.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2baa4ba68ca820b41223931420f0faf13a5466bfe516cf4eac5a5fa71696649f","downloaded_from":"2026-09-09T23:51:39.164Z","last_downloaded_at":"2026-09-09T23:51:39.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477934","source_sha256":"183df724af35ed5f4fb9a28e7e423d01dd7a8f0e76a48aea9377bd247c0fc36d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8054fb5a59867c72bb717f8a6a8ddc9a7e37275fde6a0fdd26ac9960bffbfa15","downloaded_from":"2026-09-09T23:51:39.164Z","last_downloaded_at":"2026-09-09T23:51:39.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477934","source_sha256":"183df724af35ed5f4fb9a28e7e423d01dd7a8f0e76a48aea9377bd247c0fc36d"}},{"block":"Cooperatives","heading":null,"paragraphs":[{"citation":"330-905-35-5","para":"35-5","html":"
The inventories for a pooling cooperative shall be accounted for at either of the following:
  1. a
    The amount determined using the measurement guidance in Subtopic 330-10
  2. b
    Net realizable value.
When assigned amounts are used, they should approximate estimated net realizable value of unprocessed products delivered by patrons. See Example 1 (paragraph 905-330-55-1) for an illustration.
","snippet":"The inventories for a pooling cooperative shall be accounted for at either of the following:\n(a) The amount determined using the measurement guidance in Subtopic 330-10\n(b) Net realizable value.\nWhen assigned amounts are…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cc1b6fe39a76d17d053d7e2b9e4a0afec4ad35b78c49c219be7e0cd27f84fd2d","downloaded_from":"2026-09-09T23:51:39.164Z","last_downloaded_at":"2026-09-09T23:51:39.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477934","source_sha256":"183df724af35ed5f4fb9a28e7e423d01dd7a8f0e76a48aea9377bd247c0fc36d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:97435e0c0191924242b7802ee892e7d1affd4daebfd46c75b57171174689f171","downloaded_from":"2026-09-09T23:51:39.164Z","last_downloaded_at":"2026-09-09T23:51:39.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477934","source_sha256":"183df724af35ed5f4fb9a28e7e423d01dd7a8f0e76a48aea9377bd247c0fc36d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c6418cbe5b8a338147a7776f8d2b1c25706658781c879bbe740edbe29c4924c","downloaded_from":"2026-09-09T23:51:39.164Z","last_downloaded_at":"2026-09-09T23:51:39.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477934","source_sha256":"183df724af35ed5f4fb9a28e7e423d01dd7a8f0e76a48aea9377bd247c0fc36d"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c6418cbe5b8a338147a7776f8d2b1c25706658781c879bbe740edbe29c4924c","downloaded_from":"2026-09-09T23:51:39.164Z","last_downloaded_at":"2026-09-09T23:51:39.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477934","source_sha256":"183df724af35ed5f4fb9a28e7e423d01dd7a8f0e76a48aea9377bd247c0fc36d"}}