# ASC 360-905-35: Property, Plant, and Equipment — Agriculture — 35 Subsequent Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/360/905/#35-subsequent-measurement)

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## ASC 360-905-35: 35 Subsequent Measurement

[Read section](https://asc.understandingaccounting.org/asc/360/905/#35-subsequent-measurement)

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#### Breeding and Production Animals

##### [360-905-35-1](https://asc.understandingaccounting.org/asc/360/905/#360-905-35-1)

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Fixed assets recognized under paragraph [905-360-25-4](https://asc.understandingaccounting.org/asc/360/905/#360-905-25-4) shall be depreciated over their useful lives.

##### [360-905-35-2](https://asc.understandingaccounting.org/asc/360/905/#360-905-35-2)

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At the point that breeding and production animals reach maturity and are transferred to a production function, the accumulated development costs recognized under paragraph [905-360-25-4](https://asc.understandingaccounting.org/asc/360/905/#360-905-25-4), less any estimated salvage value, shall be depreciated over the animals' estimated productive lives. Immature animals shall not be considered to be in service until they reach maturity, at which time their accumulated costs recognized under paragraph [905-360-25-4](https://asc.understandingaccounting.org/asc/360/905/#360-905-25-4) shall become subject to depreciation.

##### [360-905-35-3](https://asc.understandingaccounting.org/asc/360/905/#360-905-35-3)

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The production costs recognized under paragraph [905-360-25-4](https://asc.understandingaccounting.org/asc/360/905/#360-905-25-4) of chickens raised for an egg-laying unit, less estimated salvage value of the chickens, shall be amortized over the egg-laying period.

#### Trees and Vines

##### [360-905-35-4](https://asc.understandingaccounting.org/asc/360/905/#360-905-35-4)

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When production in commercial quantities begins, the accumulated costs shall be depreciated over the estimated useful life of the particular [orchard](https://asc.understandingaccounting.org/glossary/o/#orchard "Fruit trees planted in geometric patterns to economically facilitate care of the trees and harvest of the fruit. See also Grove."), vineyard, or [grove](https://asc.understandingaccounting.org/glossary/g/#grove "Fruit or nut trees planted in geometric patterns to economically facilitate care of the trees and harvest of the fruit or nuts. See also Orchard.").

#### Intermediate-Life Plants

##### [360-905-35-5](https://asc.understandingaccounting.org/asc/360/905/#360-905-35-5)

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When production in commercial quantities begins for [intermediate-life plants](https://asc.understandingaccounting.org/glossary/i/#intermediate-life-plants "Intermediate-life plants have growth and production cycles of more than one year but less than those of trees and vines."), the capitalized costs shall be depreciated over the estimated productive life of the plantings. Regional differences, climate and soil conditions, and cultural practices may affect the productive capacity and life of intermediate-life plants and shall be considered when establishing depreciable lives.

#### Permanent Land Development Costs

##### [360-905-35-6](https://asc.understandingaccounting.org/asc/360/905/#360-905-35-6)

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[Permanent land development costs](https://asc.understandingaccounting.org/glossary/p/#permanent-land-development-costs "See Land Development Costs.") capitalized under paragraph [905-360-25-1](https://asc.understandingaccounting.org/asc/360/905/#360-905-25-1) shall not be depreciated or amortized, since they have, by definition, an indefinite useful life.

#### Development Costs for Limited-Life Land Development, Orchards, Groves, Vineyards, and Intermediate-life Plants

##### [360-905-35-7](https://asc.understandingaccounting.org/asc/360/905/#360-905-35-7)

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Costs capitalized during the development period under paragraph [905-360-25-3](https://asc.understandingaccounting.org/asc/360/905/#360-905-25-3) shall be depreciated over the estimated useful life of the land development or that of the tree, vine or plant.