{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/360/960/#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":"360-960","subtopic_title":"Plan Accounting—Defined Benefit Pension Plans","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-960-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1C0C001B-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Plan assets used in plan operations </span></span><span class=\"sfragment\" id=\"sfr_1C0C0132-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> shall be presented at cost less accumulated depreciation or amortization and may consist of, among others, any of the following: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1C0C0227-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Buildings </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1C0C02FA-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Equipment </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1C0C03CC-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Furniture and fixtures </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_1C0C048D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Leasehold improvements. </span></span></div></li></ol></div></div>","snippet":"Plan assets used in plan operations shall be presented at cost less accumulated depreciation or amortization and may consist of, among others, any of the following:\n(a) Buildings\n(b) Equipment\n(c) Furniture and fixtures\n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5c745c1ed6c0ab4afcc01b1803202fbae056aefd3181ac4031833e01eb3bf4aa","downloaded_from":"2026-09-10T00:11:20.525Z","last_downloaded_at":"2026-09-10T00:11:20.525Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477190","source_sha256":"61c1095c3bb6438d83f22a4737bc6175516ece24c70af92bd7742c515a6cb9e3"}},{"citation":"360-960-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1C0C0555-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Expenditures for operating assets are in the nature of advance payments for future administrative services. In that respect they differ from investments that are expected to generate future cash flows that will be used to provide <a href=\"/glossary/b/#benefits\" class=\"term\" title=\"The monetary or in-kind benefits or benefit coverage to which participants may be entitled under a pension plan or a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). Examples of benefits may include, but are not limited to, health care benefits, life insurance, legal, educational, and advisory services, pension benefits, disability benefits, death benefits, and benefits due to termination of employment.\"><span>benefits</span></a>. </span></span></div></div>","snippet":"Expenditures for operating assets are in the nature of advance payments for future administrative services. In that respect they differ from investments that are expected to generate future cash flows that will be used t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:18322765e0f099821bd03032e7b0b45aa1d3f4e237e8d10aafc8955268f935db","downloaded_from":"2026-09-10T00:11:20.525Z","last_downloaded_at":"2026-09-10T00:11:20.525Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477190","source_sha256":"61c1095c3bb6438d83f22a4737bc6175516ece24c70af92bd7742c515a6cb9e3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c73026c2228ca3f69350d3b13040a44e9205bf4af8d402594f16ba6df81484d3","downloaded_from":"2026-09-10T00:11:20.525Z","last_downloaded_at":"2026-09-10T00:11:20.525Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477190","source_sha256":"61c1095c3bb6438d83f22a4737bc6175516ece24c70af92bd7742c515a6cb9e3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a43dce452d917ad04ce5c1778d20d2d5e234cdd1b8492da7badc09e2423ca06","downloaded_from":"2026-09-10T00:11:20.525Z","last_downloaded_at":"2026-09-10T00:11:20.525Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477190","source_sha256":"61c1095c3bb6438d83f22a4737bc6175516ece24c70af92bd7742c515a6cb9e3"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a43dce452d917ad04ce5c1778d20d2d5e234cdd1b8492da7badc09e2423ca06","downloaded_from":"2026-09-10T00:11:20.525Z","last_downloaded_at":"2026-09-10T00:11:20.525Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477190","source_sha256":"61c1095c3bb6438d83f22a4737bc6175516ece24c70af92bd7742c515a6cb9e3"}}