# ASC 350-60-50: Intangibles—Goodwill and Other — Crypto Assets — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/350/60/#50-disclosure) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:03:25.691Z to 2026-09-10T00:03:25.691Z Record version: sha256:0903286d0ed5f4d999122decde1635bb95587590a8e2af5247d0d11268d97c2b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-60-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/350/60/#50-disclosure) SEC content: no ##### [350-60-50-1](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:03:25.691Z to 2026-09-10T00:03:25.691Z Record version: sha256:5afe9d5caf7c38fafe7d3f8ccb38c167b56698c9a7eaec59deea9c6c7d3216b8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. At interim and annual reporting periods, an entity shall disclose the following for each significant (as determined by the [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.")) crypto asset holding: 1. a Name of the crypto asset 2. b Cost basis 3. c Fair value 4. d Number of units held. An entity shall disclose the aggregated cost bases and fair values of the crypto asset holdings that are not individually significant. ##### [350-60-50-2](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:03:25.691Z to 2026-09-10T00:03:25.691Z Record version: sha256:5e1d55bfb7535110b64e1637f5210ed2780b2db1fe8d41d9a060350c69b29abc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. At annual reporting periods, an entity shall disclose both of the following: 1. a The method used to determine its cost basis for computing gains and losses (for example, first-in, first-out; specific identification; average cost; or other method used) 2. b If not presented separately, the line item in which gains and losses are reported in the income statement. ##### [350-60-50-3](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:03:25.691Z to 2026-09-10T00:03:25.691Z Record version: sha256:9b8b84ff6603d7c918a2c2b3e3f24e9e929db9dba61e2265382dfc2d167c78e5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. At annual reporting periods, an entity shall provide a reconciliation, in the aggregate, of activity from the opening to the closing balances of crypto assets, separately disclosing changes during the period attributable to the following: 1. a Additions. 2. b Dispositions. 3. c Gains included in net income for the period, determined on a crypto-asset-by-crypto-asset basis. Each crypto asset holding that has a net gain from remeasurement as included in net income for the period shall be included in the gains line. 4. d Losses included in net income for the period, determined on a crypto-asset-by-crypto-asset basis. Each crypto asset holding that has a net loss from remeasurement as included in net income for the period shall be included in the losses line. ##### [350-60-50-4](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:03:25.691Z to 2026-09-10T00:03:25.691Z Record version: sha256:09d0e1ad90165cbac2ba03d1c6594e76d0762343c9d51f3ee8c07c6b196033b3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose the following information about the reconciliation in paragraph [350-60-50-3](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-3): 1. a A description of the nature of activities that result in additions (for example, purchases, receipts from [customers](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration."), or mining activities) and dispositions (for example, sales or use as payment for services) 2. b Total amount of cumulative realized gains and cumulative realized losses from dispositions that occurred during the period. ##### [350-60-50-5](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:03:25.691Z to 2026-09-10T00:03:25.691Z Record version: sha256:a466c4aa4a6f93525b2c0b6cc85a12ade53a70b65b86c13ee3a9f182022d9871 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity that receives crypto assets as noncash consideration in the ordinary course of business (or as a [contribution](https://asc.understandingaccounting.org/glossary/c/#contribution "An unconditional transfer of cash or other assets, as well as unconditional promises to give, to an entity or a reduction, settlement, or cancellation of its liabilities in a voluntary nonreciprocal transfer by another entity acting other than as an owner. Those characteristics distinguish contributions from:Exchange transactions, which are reciprocal transfers in which each party receives and sacrifices approximately commensurate valueInvestments by owners and distributions to owners, which are nonreciprocal transfers between an entity and its ownersOther nonreciprocal transfers, such as impositions of taxes or legal judgments, fines, and thefts, which are not voluntary transfers. In a contribution transaction, the resource provider often receives value indirectly by providing a societal benefit although that benefit is not considered to be of commensurate value. In an exchange transaction, the potential public benefits are secondary to the potential direct benefits to the resource provider. The term contribution revenue is used to apply to transactions that are part of the entity's ongoing major or central activities (revenues), or are peripheral or incidental to the entity (gains). See also Inherent Contribution and Conditional Contribution."), in the case of a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.")) that are converted nearly immediately into cash need not include that activity in the disclosures required by paragraphs [350-60-50-3 through 50-4](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-3) . ##### [350-60-50-6](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:03:25.691Z to 2026-09-10T00:03:25.691Z Record version: sha256:4835152cae04520a0dfd12732a3d9a9dc4b67d16edd35d7a125e580260057178 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For interim and annual reporting periods, an entity shall disclose the following information for crypto assets subject to contractual sale restrictions at the balance sheet date: 1. a The fair value of the crypto assets that are subject to contractual sale restrictions 2. b The nature and remaining duration of the restriction(s) 3. c Circumstances that could cause the restriction(s) to lapse. ##### [350-60-50-7](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:03:25.691Z to 2026-09-10T00:03:25.691Z Record version: sha256:91132aaf1b3c84f3a939b450401da1eac217ad848f99897a3198d86323a956a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In providing the required disclosures in paragraph [350-60-50-6](https://asc.understandingaccounting.org/asc/350/60/#350-60-50-6), an entity with multiple crypto assets subject to contractual sale restrictions shall consider all of the following: 1. a The level of detail necessary to satisfy the required disclosures 2. b How much emphasis to place on each of the required disclosures 3. c How much aggregation or disaggregation to undertake 4. d Whether users of financial statements need additional information to evaluate the quantitative information disclosed.