{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/350/950/#35-subsequent-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":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Title Plant","paragraphs":[{"citation":"350-950-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_18A28CDA-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Capitalized costs of a <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> shall not be depreciated or charged to income unless circumstances indicate that the carrying amount of the title plant has been impaired. </span></span></div></div>","snippet":"Capitalized costs of a title plant shall not be depreciated or charged to income unless circumstances indicate that the carrying amount of the title plant has been impaired.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5554a06d2f7085d906ff266d800d65079743c03fbc8349d33130040f2b8142cf","downloaded_from":"2026-09-10T00:05:08.281Z","last_downloaded_at":"2026-09-10T00:05:08.281Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477971","source_sha256":"a575b882f9efadb54ace65791b5ecef02ec4638609c3a374df10c80d5d99b866"}},{"citation":"350-950-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_18A28E6F-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The following circumstances may indicate that the carrying amount of title plant has been impaired: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_18A28FA3-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Changes in legal requirements or statutory practices </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_18A290E6-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Effects of obsolescence, demand, and other economic factors </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_18A29228-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Actions of competitors and others that may affect competitive advantages </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_18A29343-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Failure to maintain the title plant properly on a current basis </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">e</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_18A2946A-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Abandonment of the title plant or other circumstances that indicate obsolescence. </span></span></div></li></ol></div></div>","snippet":"The following circumstances may indicate that the carrying amount of title plant has been impaired:\n(a) Changes in legal requirements or statutory practices\n(b) Effects of obsolescence, demand, and other economic factors…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:13e73601b5cfbcb66b91280c69ff185e147c13a157244c5164e516e842bdf547","downloaded_from":"2026-09-10T00:05:08.281Z","last_downloaded_at":"2026-09-10T00:05:08.281Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477971","source_sha256":"a575b882f9efadb54ace65791b5ecef02ec4638609c3a374df10c80d5d99b866"}},{"citation":"350-950-35-3","para":"35-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_18A295E3-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Those events or changes in circumstances, in addition to the examples in paragraph <a href=\"/asc/360/10/#360-10-35-21\" class=\"xref\">360-10-35-21</a>, indicate that the carrying amount of the capitalized costs may not be recoverable. Accordingly, the provisions of the Impairment or Disposal of Long-Lived Assets Subsections of Subtopic <a altsource=\"GUID-709FAAEC-8DFC-4054-A41F-EFA6FC5A716C.ditamap\" class=\"ditamap\">360-10</a> apply. </span></span></div></div>","snippet":"Those events or changes in circumstances, in addition to the examples in paragraph 360-10-35-21, indicate that the carrying amount of the capitalized costs may not be recoverable. Accordingly, the provisions of the Impai…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:975c6b93ef7adca467b9758ed7d06c94d876137af022967a1022ba6978b8688b","downloaded_from":"2026-09-10T00:05:08.281Z","last_downloaded_at":"2026-09-10T00:05:08.281Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477971","source_sha256":"a575b882f9efadb54ace65791b5ecef02ec4638609c3a374df10c80d5d99b866"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:77825e3acc1249147220c682303a2cf76f93158cbdc16b351da79c812091c743","downloaded_from":"2026-09-10T00:05:08.281Z","last_downloaded_at":"2026-09-10T00:05:08.281Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477971","source_sha256":"a575b882f9efadb54ace65791b5ecef02ec4638609c3a374df10c80d5d99b866"}},{"block":null,"heading":"Storage and Retrieval","paragraphs":[{"citation":"350-950-35-4","para":"35-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_18A2971F-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Capitalized storage and retrieval costs (addressed in paragraph <a href=\"/asc/350/950/#350-950-25-3\" class=\"xref\">950-350-25-3</a>) incurred after a title plant is operational </span></span><span class=\"sfragment\" id=\"sfr_18A2982A-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> shall be </span></span><span class=\"sfragment\" id=\"sfr_18A2993A-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">charged to expense in a systematic and rational manner. </span></span></div></div>","snippet":"Capitalized storage and retrieval costs (addressed in paragraph 950-350-25-3) incurred after a title plant is operational shall be charged to expense in a systematic and rational manner.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc66385ae6265029fec5484d77726826daea65b5f77fcb33b775a973c2dbe7b8","downloaded_from":"2026-09-10T00:05:08.281Z","last_downloaded_at":"2026-09-10T00:05:08.281Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477971","source_sha256":"a575b882f9efadb54ace65791b5ecef02ec4638609c3a374df10c80d5d99b866"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d542c3a0b2c6ce45eb771dc5a5e11c7139c2eb9a0e79e212cafb135adc2337d","downloaded_from":"2026-09-10T00:05:08.281Z","last_downloaded_at":"2026-09-10T00:05:08.281Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477971","source_sha256":"a575b882f9efadb54ace65791b5ecef02ec4638609c3a374df10c80d5d99b866"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d80689d17ff0dc966b4a1fb5b491b8ea2c6714f7ea30d0a355987751b4fbf1ba","downloaded_from":"2026-09-10T00:05:08.281Z","last_downloaded_at":"2026-09-10T00:05:08.281Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477971","source_sha256":"a575b882f9efadb54ace65791b5ecef02ec4638609c3a374df10c80d5d99b866"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d80689d17ff0dc966b4a1fb5b491b8ea2c6714f7ea30d0a355987751b4fbf1ba","downloaded_from":"2026-09-10T00:05:08.281Z","last_downloaded_at":"2026-09-10T00:05:08.281Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477971","source_sha256":"a575b882f9efadb54ace65791b5ecef02ec4638609c3a374df10c80d5d99b866"}}