# ASC 340-980-40: Other Assets and Deferred Costs — Regulated Operations — 40 Derecognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/340/980/#40-derecognition)

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## ASC 340-980-40: 40 Derecognition

[Read section](https://asc.understandingaccounting.org/asc/340/980/#40-derecognition)

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##### [340-980-40-1](https://asc.understandingaccounting.org/asc/340/980/#340-980-40-1)

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If at any time an entity's [incurred cost](https://asc.understandingaccounting.org/glossary/i/#incurred-cost "A cost arising from cash paid out or obligation to pay for an acquired asset or service, a loss from any cause that has been sustained and has been or must be paid for.") no longer meets the criteria for the capitalization of an incurred cost (see paragraph [980-340-25-1](https://asc.understandingaccounting.org/asc/340/980/#340-980-25-1)), that cost shall be charged to earnings.