# ASC 350-950-30: Intangibles—Goodwill and Other — Financial Services—Title Plant — 30 Initial Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/350/950/#30-initial-measurement)

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## ASC 350-950-30: 30 Initial Measurement

[Read section](https://asc.understandingaccounting.org/asc/350/950/#30-initial-measurement)

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##### [350-950-30-1](https://asc.understandingaccounting.org/asc/350/950/#350-950-30-1)

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[Title plant](https://asc.understandingaccounting.org/glossary/t/#title-plant "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.") 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 searches.

##### [350-950-30-2](https://asc.understandingaccounting.org/asc/350/950/#350-950-30-2)

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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.