# ASC 340-940-30: Other Assets and Deferred Costs — Financial Services—Brokers and Dealers — 30 Initial Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/340/940/#30-initial-measurement)

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## ASC 340-940-30: 30 Initial Measurement

[Read section](https://asc.understandingaccounting.org/asc/340/940/#30-initial-measurement)

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#### Exchange Memberships

##### [340-940-30-1](https://asc.understandingaccounting.org/asc/340/940/#340-940-30-1)

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An exchange membership recognized under paragraph [940-340-25-1](https://asc.understandingaccounting.org/asc/340/940/#340-940-25-1) as an ownership interest in the exchange shall be measured initially at cost.

##### [340-940-30-2](https://asc.understandingaccounting.org/asc/340/940/#340-940-30-2)

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An exchange membership recognized under paragraph [940-340-25-1](https://asc.understandingaccounting.org/asc/340/940/#340-940-25-1) as a contributed interest shall be measured initially at [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") with the related subordinated liability measured initially at an equal and offsetting amount.