# ASC 360-960-35: Property, Plant, and Equipment — Plan Accounting—Defined Benefit Pension Plans — 35 Subsequent Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/360/960/#35-subsequent-measurement)

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## ASC 360-960-35: 35 Subsequent Measurement

[Read section](https://asc.understandingaccounting.org/asc/360/960/#35-subsequent-measurement)

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##### [360-960-35-1](https://asc.understandingaccounting.org/asc/360/960/#360-960-35-1)

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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:

1.  a
    
    Buildings
    
2.  b
    
    Equipment
    
3.  c
    
    Furniture and fixtures
    
4.  d
    
    Leasehold improvements.

##### [360-960-35-2](https://asc.understandingaccounting.org/asc/360/960/#360-960-35-2)

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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 [benefits](https://asc.understandingaccounting.org/glossary/b/#benefits "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.").