{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/360/944/#30-initial-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":"360","topic_title":"Property, Plant, and Equipment","subtopic":"360-944","subtopic_title":"Financial Services—Insurance","section":{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":"Real Estate Acquired in Settling Certain Claims","paragraphs":[{"citation":"360-944-30-1","para":"30-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_01894179-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Real estate acquired in settling mortgage guaranty and title insurance claims shall be measured initially at <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>fair value</span></a>. </span></span></div></div>","snippet":"Real estate acquired in settling mortgage guaranty and title insurance claims shall be measured initially at fair value.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:81c379635c5d4acb3fd3fcb6a46b4396947bdff6570615cfd0cd7efc96ba5dd0","downloaded_from":"2026-09-10T00:10:06.445Z","last_downloaded_at":"2026-09-10T00:10:06.445Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478254","source_sha256":"d0536c6217abcda125f25ee320c19a7e2891609386aa5815610578cc6a8f2f22"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9deb9b124bd278feb91d920e3349ffbe871820eda18799819a35f3f4abf80e5e","downloaded_from":"2026-09-10T00:10:06.445Z","last_downloaded_at":"2026-09-10T00:10:06.445Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478254","source_sha256":"d0536c6217abcda125f25ee320c19a7e2891609386aa5815610578cc6a8f2f22"}},{"block":null,"heading":"Real Estate Investments","paragraphs":[{"citation":"360-944-30-2","para":"30-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_01894285-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Real estate investments shall be measured initially at cost. </span></span></div></div>","snippet":"Real estate investments shall be measured initially at cost.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:033151a45af357bd653deb6ff7345df08ced87713610cd66f9566c300188127d","downloaded_from":"2026-09-10T00:10:06.445Z","last_downloaded_at":"2026-09-10T00:10:06.445Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478254","source_sha256":"d0536c6217abcda125f25ee320c19a7e2891609386aa5815610578cc6a8f2f22"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:56f75074ac9167fece348154374b0fb04b625d95da9db25a27f4ef9c72b30a7e","downloaded_from":"2026-09-10T00:10:06.445Z","last_downloaded_at":"2026-09-10T00:10:06.445Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478254","source_sha256":"d0536c6217abcda125f25ee320c19a7e2891609386aa5815610578cc6a8f2f22"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ad5ac067ad38dcd3d8e6228f6a348d12c81ea9281608fcef32a22a3408fc613","downloaded_from":"2026-09-10T00:10:06.445Z","last_downloaded_at":"2026-09-10T00:10:06.445Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478254","source_sha256":"d0536c6217abcda125f25ee320c19a7e2891609386aa5815610578cc6a8f2f22"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ad5ac067ad38dcd3d8e6228f6a348d12c81ea9281608fcef32a22a3408fc613","downloaded_from":"2026-09-10T00:10:06.445Z","last_downloaded_at":"2026-09-10T00:10:06.445Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478254","source_sha256":"d0536c6217abcda125f25ee320c19a7e2891609386aa5815610578cc6a8f2f22"}}