{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/350/950/#30-initial-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":"350","topic_title":"Intangibles—Goodwill and Other","subtopic":"350-950","subtopic_title":"Financial Services—Title Plant","section":{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"350-950-30-1","para":"30-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1890ABE2-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/t/#title-plant\" class=\"term\" title=\"A historical record of all matters affecting title to parcels of land in a particular geographic area. The number of years covered by a title plant varies, depending on regulatory requirements and the minimum information period considered necessary to issue title insurance policies efficiently.\"><span>Title plant</span></a> costs to be capitalized include the costs incurred to obtain, organize, and summarize historical information in an efficient and useful manner </span></span><span class=\"sfragment\" id=\"sfr_1890AD4F-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">until the title plant can be used by the entity to do title searches. </span></span></div></div>","snippet":"Title plant costs to be capitalized include the costs incurred to obtain, organize, and summarize historical information in an efficient and useful manner until the title plant can be used by the entity to do title searc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3d92a85a8dc5bdc658662b857d01ce596c5421c85d1b6bce07c0ec2f42c6fb2b","downloaded_from":"2026-09-10T00:05:04.529Z","last_downloaded_at":"2026-09-10T00:05:04.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478146","source_sha256":"18b781a3e254969f0c0d78012515347e200ff4e280bcb4287b919e8451801b16"}},{"citation":"350-950-30-2","para":"30-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1890AE50-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A purchased title plant, including a purchased undivided interest in title plant, shall be recorded </span></span><span class=\"sfragment\" id=\"sfr_1890AF1C-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">at cost. </span></span><span class=\"sfragment\" id=\"sfr_1890AFDE-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For a title plant acquired separately, cost shall be measured by the fair value of the consideration given. </span></span></div></div>","snippet":"A purchased title plant, including a purchased undivided interest in title plant, shall be recorded at cost. For a title plant acquired separately, cost shall be measured by the fair value of the consideration given.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7abb1c5d0c27aa047cd81c877c655bcb791f89cf445186ee877fc7946e5d95f","downloaded_from":"2026-09-10T00:05:04.529Z","last_downloaded_at":"2026-09-10T00:05:04.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478146","source_sha256":"18b781a3e254969f0c0d78012515347e200ff4e280bcb4287b919e8451801b16"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4abf5d3295db118b80fd3514afd1ae6b6ab0e6fcf2d3f110a7c4ecc90efde866","downloaded_from":"2026-09-10T00:05:04.529Z","last_downloaded_at":"2026-09-10T00:05:04.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478146","source_sha256":"18b781a3e254969f0c0d78012515347e200ff4e280bcb4287b919e8451801b16"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d152926c54aaf66bd909010ca6d4315a1143e0fa3ee13dcfd62b667a477c160","downloaded_from":"2026-09-10T00:05:04.529Z","last_downloaded_at":"2026-09-10T00:05:04.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478146","source_sha256":"18b781a3e254969f0c0d78012515347e200ff4e280bcb4287b919e8451801b16"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d152926c54aaf66bd909010ca6d4315a1143e0fa3ee13dcfd62b667a477c160","downloaded_from":"2026-09-10T00:05:04.529Z","last_downloaded_at":"2026-09-10T00:05:04.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478146","source_sha256":"18b781a3e254969f0c0d78012515347e200ff4e280bcb4287b919e8451801b16"}}