# ASC 360-965-35: Property, Plant, and Equipment — Plan Accounting—Health and Welfare Benefit Plans — 35 Subsequent Measurement Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/360/965/#35-subsequent-measurement) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:11:48.609Z to 2026-09-10T00:11:48.609Z Record version: sha256:231f0fef8b0bcd035b9fff1bd84e288bd78ba5d0a029315bb9647ee5c09f8f3d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-965-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/360/965/#35-subsequent-measurement) SEC content: no ##### [360-965-35-1](https://asc.understandingaccounting.org/asc/360/965/#360-965-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:11:48.609Z to 2026-09-10T00:11:48.609Z Record version: sha256:4286d39f5eee48e6b2851151579ddb49e4dfc6093af3701246bc0ee235c2eba7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Plan assets](https://asc.understandingaccounting.org/glossary/p/#plan-assets "Assets—usually stocks, bonds, and other investments (except certain insurance contracts as noted in paragraph 715-60-35-109)—that have been segregated and restricted (usually in a trust) to be used for a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). The amount of plan assets includes amounts contributed by the employer, and by plan participants for a contributory plan, and amounts earned from investing the contributions, less benefits, income taxes, and other expenses incurred. Plan assets ordinarily cannot be withdrawn by the employer except under certain circumstances when a plan has assets in excess of obligations and the employer has taken certain steps to satisfy existing obligations. Securities of the employer held by the plan are includable in plan assets provided they are transferable. Assets not segregated in a trust, or otherwise effectively restricted, so that they cannot be used by the employer for other purposes are not plan assets, even though the employer may intend that those assets be used to provide health and welfare benefits, which may include postretirement benefits. Those assets shall be accounted for in the same manner as other employer assets of a similar nature and with similar restrictions. If a plan has liabilities other than for benefits, those nonbenefit obligations are considered as reductions of plan assets. Amounts accrued by the employer but not yet paid to the plan are not plan assets. If a trust arrangement explicitly provides that segregated assets are available to satisfy claims of creditors in bankruptcy, such a provision would effectively permit those assets to be used for other purposes at the discretion of the employer. It is not necessary to determine that a trust is bankruptcy-proof for the assets of the trust to qualify as plan assets. However, assets held in a trust that explicitly provides that such assets are available to the general creditors of the employer in the event of the employer's bankruptcy would not qualify as plan assets.") used in plan operations shall be reported at cost less accumulated depreciation or amortization and may consist of any of the following: 1. a Buildings 2. b Equipment 3. c Furniture and fixtures 4. d Leasehold improvements. ##### [360-965-35-2](https://asc.understandingaccounting.org/asc/360/965/#360-965-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:11:48.609Z to 2026-09-10T00:11:48.609Z Record version: sha256:18fb787f577bcc2c74df1e895beb3438350067243830807cb1d6b9280955b072 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Plan investments in the form of real estate or other investments (excluding insurance contracts), shall be reported at their [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "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.") less costs to sell, if significant, at the financial statement date. ##### [360-965-35-3](https://asc.understandingaccounting.org/asc/360/965/#360-965-35-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:11:48.609Z to 2026-09-10T00:11:48.609Z Record version: sha256:5e3068ec2d7c9492aa01880c5a94fde430f758f9bb0fb1b7ae328e60841a838d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Subtopic 965-325 for guidance on accounting for other investments, in particular investment and insurance contracts, of [health and welfare benefit plans](https://asc.understandingaccounting.org/glossary/h/#health-and-welfare-benefit-plans "Health and welfare benefit plans include plans that provide the following: Any of the following benefits: Medical, dental, visual, psychiatric, or long-term health care Life insurance (offered separately from a pension plan) Certain severance benefits Accidental death or dismemberment benefits. Benefits for unemployment, disability, vacations, or holidays Other benefits such as apprenticeships, tuition assistance, day care, dependent care, housing subsidies, or legal services.").