# ASC 350-950-35: Intangibles—Goodwill and Other — Financial Services—Title Plant — 35 Subsequent Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/350/950/#35-subsequent-measurement)

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## ASC 350-950-35: 35 Subsequent Measurement

[Read section](https://asc.understandingaccounting.org/asc/350/950/#35-subsequent-measurement)

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#### Title Plant

##### [350-950-35-1](https://asc.understandingaccounting.org/asc/350/950/#350-950-35-1)

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Capitalized costs of a [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.") shall not be depreciated or charged to income unless circumstances indicate that the carrying amount of the title plant has been impaired.

##### [350-950-35-2](https://asc.understandingaccounting.org/asc/350/950/#350-950-35-2)

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The following circumstances may indicate that the carrying amount of title plant has been impaired:

1.  a
    
    Changes in legal requirements or statutory practices
    
2.  b
    
    Effects of obsolescence, demand, and other economic factors
    
3.  c
    
    Actions of competitors and others that may affect competitive advantages
    
4.  d
    
    Failure to maintain the title plant properly on a current basis
    
5.  e
    
    Abandonment of the title plant or other circumstances that indicate obsolescence.

##### [350-950-35-3](https://asc.understandingaccounting.org/asc/350/950/#350-950-35-3)

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Those events or changes in circumstances, in addition to the examples in paragraph [360-10-35-21](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-21), 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 360-10 apply.

#### Storage and Retrieval

##### [350-950-35-4](https://asc.understandingaccounting.org/asc/350/950/#350-950-35-4)

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Capitalized storage and retrieval costs (addressed in paragraph [950-350-25-3](https://asc.understandingaccounting.org/asc/350/950/#350-950-25-3)) incurred after a title plant is operational shall be charged to expense in a systematic and rational manner.