# ASC 360-10-30: Property, Plant, and Equipment — Overall — 30 Initial Measurement Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/360/10/#30-initial-measurement) 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): 2026-09-10T00:05:52.138Z to 2026-09-10T00:05:52.138Z Record version: sha256:247b48a2466757a1c84bb75f4f252eadc535b99734f82471248833c0a76fcce7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-10-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/360/10/#30-initial-measurement) SEC content: no #### Historical Cost Including Interest ##### [360-10-30-1](https://asc.understandingaccounting.org/asc/360/10/#360-10-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:05:52.138Z to 2026-09-10T00:05:52.138Z Record version: sha256:17f9c0ce68ddf01c8ee9535ba91cb289c8fc58a490a46427e7ec434bb599e2d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [835-20-05-1](https://asc.understandingaccounting.org/asc/835/20/#835-20-05-1) states that the historical cost of acquiring an asset includes the costs necessarily incurred to bring it to the condition and location necessary for its intended use. As indicated in that paragraph, if an asset requires a period of time in which to carry out the activities necessary to bring it to that condition and location, the interest cost incurred during that period as a result of expenditures for the asset is a part of the historical cost of acquiring the asset. ##### [360-10-30-2](https://asc.understandingaccounting.org/asc/360/10/#360-10-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:05:52.138Z to 2026-09-10T00:05:52.138Z Record version: sha256:3667b17033377108f7f64ddacfc0dc67cd37380e78200d7cf11a7d5aad9c59ca Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See the glossary for a definition of [activities](https://asc.understandingaccounting.org/glossary/a/#activities "The term activities is to be construed broadly. It encompasses physical construction of the asset. In addition, it includes all the steps required to prepare the asset for its intended use. For example, it includes administrative and technical activities during the preconstruction stage, such as the development of plans or the process of obtaining permits from governmental authorities. It also includes activities undertaken after construction has begun in order to overcome unforeseen obstacles, such as technical problems, labor disputes, or litigation.") necessary to bring an asset to the condition and location necessary for its intended use. #### Acquisition of the Residual Value in Leased Assets ##### [360-10-30-3](https://asc.understandingaccounting.org/asc/360/10/#360-10-30-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:05:52.138Z to 2026-09-10T00:05:52.138Z Record version: sha256:ed0af0fb91101b60159439123e9e3baa068134e1d7d3bcd4d1a65947b94f7c63 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An interest in the residual value of a leased asset recognized under paragraph [360-10-25-4](https://asc.understandingaccounting.org/asc/360/10/#360-10-25-4) shall be measured initially at the amount of cash disbursed, the fair value of other consideration given, and the present value of liabilities assumed. ##### [360-10-30-4](https://asc.understandingaccounting.org/asc/360/10/#360-10-30-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:05:52.138Z to 2026-09-10T00:05:52.138Z Record version: sha256:3c4b1322f69eb7217faa5ffc29cad6f4240a40f16b54c6d43311a882e9b69f7d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The fair value of the interest in the residual value of the leased asset at the date of the agreement shall be used to measure its cost if that fair value is more clearly evident than the fair value of assets surrendered, services rendered, or liabilities assumed. #### Other Asset Acquisition Concepts ##### [360-10-30-5](https://asc.understandingaccounting.org/asc/360/10/#360-10-30-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:05:52.138Z to 2026-09-10T00:05:52.138Z Record version: sha256:6cfbdc9af67aea8ec889b6f92b9918653bbf86402a38b76162fdafef131cf2e5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following paragraphs contain links to other Subtopics that contain guidance on acquiring property, plant, and equipment under other concepts. The following may not represent a complete list of other locations containing property, plant, and equipment acquisition guidance. ##### [360-10-30-6](https://asc.understandingaccounting.org/asc/360/10/#360-10-30-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:05:52.138Z to 2026-09-10T00:05:52.138Z Record version: sha256:7bd0270f97efecf48a6350ab847d47d2b592870836d7c5f575bc9c41ee0e43f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Section 805-20-25 for general guidance related to assets acquired in a business combination. ##### [360-10-30-7](https://asc.understandingaccounting.org/asc/360/10/#360-10-30-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:05:52.138Z to 2026-09-10T00:05:52.138Z Record version: sha256:3531c66a05298c7fcc7f2ec326ef1dba9e31e5f70a6c64905f667afa007a6eee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraphs [845-10-30-1 through 30-10](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-1) for guidance related to assets acquired in a nonmonetary exchange. ##### [360-10-30-8](https://asc.understandingaccounting.org/asc/360/10/#360-10-30-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:05:52.138Z to 2026-09-10T00:05:52.138Z Record version: sha256:349a587ae75d0e243b5636e5061e952515827fba6ca8e2d9bc6a462e6d5d8508 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Subtopic 842-20 for guidance related to assets acquired under a lease.