{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/360/944/#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":"360","topic_title":"Property, Plant, and Equipment","subtopic":"360-944","subtopic_title":"Financial Services—Insurance","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Real Estate Acquired in Settling Certain Claims","paragraphs":[{"citation":"360-944-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0198F387-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In accordance with paragraph <a href=\"/asc/360/10/#360-10-35-43\" class=\"xref\">360-10-35-43</a>, real estate classified as held for sale that was </span></span><span class=\"sfragment\" id=\"sfr_0198F4E3-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">acquired in settling mortgage guaranty and title insurance claims shall be subsequently </span></span><span class=\"sfragment\" id=\"sfr_0198F5E4-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">measured in accordance with the guidance on property, plant, and equipment in Section <a altsource=\"GUID-DB49B5A7-DC7E-40FE-86DC-A5103AAF103A.ditamap\" class=\"ditamap\">360-10-35</a>. </span></span></div></div>","snippet":"In accordance with paragraph 360-10-35-43, real estate classified as held for sale that was acquired in settling mortgage guaranty and title insurance claims shall be subsequently measured in accordance with the guidance…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc17d89710e17a8152d7bac0bc017fd9aa147ca7f4896583e43f36ec09b80dfd","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479156","source_sha256":"1618c025f686deccdb4072f76c1221197ceb685e221b65f1ffabc7b924b60204"}},{"citation":"360-944-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0198F6D8-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/944/40/#944-40-35-4\" class=\"xref\">944-40-35-4</a> requires that subsequent reductions in the reported amount of real estate acquired in settling claims be recognized as an adjustment to <a href=\"/glossary/c/#claim\" class=\"term\" title=\"A demand for payment of a policy benefit because of the occurrence of an insured event.\"><span>claim</span></a> costs incurred. </span></span></div></div>","snippet":"Paragraph 944-40-35-4 requires that subsequent reductions in the reported amount of real estate acquired in settling claims be recognized as an adjustment to claim costs incurred.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b5a0a35d0be932a925b2c25ad676cd0df24deefde6e29d81054534a6b67183a","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479156","source_sha256":"1618c025f686deccdb4072f76c1221197ceb685e221b65f1ffabc7b924b60204"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:90a2b0ca7d680858c5acf245b239e6ddf68cc66ffab1ab81901f3e6ef8267b91","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479156","source_sha256":"1618c025f686deccdb4072f76c1221197ceb685e221b65f1ffabc7b924b60204"}},{"block":null,"heading":"Potential Ownership Interest in Real Estate","paragraphs":[{"citation":"360-944-35-3","para":"35-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0198F7CF-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance related to estimated recoveries on unsettled claims involving a potential ownership interest in real estate, see paragraph <a href=\"/asc/944/40/#944-40-35-2\" class=\"xref\">944-40-35-2</a>. </span></span></div></div>","snippet":"For guidance related to estimated recoveries on unsettled claims involving a potential ownership interest in real estate, see paragraph 944-40-35-2.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e44c2f967e4256171ad90a41d1e1071547e77d8051c2d14779e59fa59c37bd3d","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479156","source_sha256":"1618c025f686deccdb4072f76c1221197ceb685e221b65f1ffabc7b924b60204"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc783d7cd6b2cdb6a83da806e8d6b72cb141dffb12915fd9278decaf5abec836","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479156","source_sha256":"1618c025f686deccdb4072f76c1221197ceb685e221b65f1ffabc7b924b60204"}},{"block":null,"heading":"Real Estate Investments","paragraphs":[{"citation":"360-944-35-4","para":"35-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0198F91F-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Real estate investments shall be measured subsequently at cost less accumulated depreciation. </span></span></div></div>","snippet":"Real estate investments shall be measured subsequently at cost less accumulated depreciation.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5efac4af6ea36c2dbdec0d8723672d0579641e275032544ba2ae973934b97124","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479156","source_sha256":"1618c025f686deccdb4072f76c1221197ceb685e221b65f1ffabc7b924b60204"}},{"citation":"360-944-35-5","para":"35-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0198FA45-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Depreciation and other related charges or credits shall be charged or credited to investment income. </span></span></div></div>","snippet":"Depreciation and other related charges or credits shall be charged or credited to investment income.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:43d668e7fc1c062a05ebf65b9ada8378b4c3c2341cce37a71e6a474024adfcbb","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479156","source_sha256":"1618c025f686deccdb4072f76c1221197ceb685e221b65f1ffabc7b924b60204"}},{"citation":"360-944-35-6","para":"35-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0198FB56-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Reductions in the <a href=\"/glossary/c/#carrying-amount\" class=\"term\" title=\"The amount of an item as displayed in the financial statements.\"><span>carrying amount</span></a> of real estate investments resulting from the application 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> shall be included in realized gains and losses. </span></span></div></div>","snippet":"Reductions in the carrying amount of real estate investments resulting from the application of the Impairment or Disposal of Long-Lived Assets Subsections of Subtopic 360-10 shall be included in realized gains and losses…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d01c2b5ea7e0ec099763267dfa7ee9eb92dd6a8514bd151bf0aed315e1d4a059","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479156","source_sha256":"1618c025f686deccdb4072f76c1221197ceb685e221b65f1ffabc7b924b60204"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fe29be2cb104629e7f67c16328860a864f6d92f3c1d493779f549b6ec9808cc","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479156","source_sha256":"1618c025f686deccdb4072f76c1221197ceb685e221b65f1ffabc7b924b60204"}},{"block":null,"heading":"Real Estate Used in the Business","paragraphs":[{"citation":"360-944-35-7","para":"35-7","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0198FC5F-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Imputed investment income and rental expense shall not be recognized for real estate used in the business. </span></span></div></div>","snippet":"Imputed investment income and rental expense shall not be recognized for real estate used in the business.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c09c7a54080b965f54f82e732a0c797389e24de483ac645bb4bf0994794af7e1","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479156","source_sha256":"1618c025f686deccdb4072f76c1221197ceb685e221b65f1ffabc7b924b60204"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:524bbb4b6f2f7e94f596e643640366849c4eb2d8478ca0c4d3adb66582b32c66","downloaded_from":"2026-09-10T00:10:09.909Z","last_downloaded_at":"2026-09-10T00:10:09.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not 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