{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/360/980/#25-recognition","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":"360-980","subtopic_title":"Regulated Operations","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Allowance for Funds Used During Construction","paragraphs":[{"citation":"360-980-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_45713EEF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/835/980/#835-980-25-1\" class=\"xref\">980-835-25-1</a> requires an <a href=\"/glossary/a/#allowance-for-funds-used-during-construction\" class=\"term\" title=\"The cost of financing construction as financed partially by borrowings and partially by equity, capitalized as part of the cost of plant and equipment pursuant to requirements of the regulator.\"><span>allowance for funds used during construction</span></a>, including a designated cost of equity funds, to be capitalized in specified circumstances as part of the acquisition cost of the related asset. That cost shall be capitalized under those circumstances only if its subsequent inclusion in <a href=\"/glossary/a/#allowable-costs\" class=\"term\" title=\"All costs for which revenue is intended to provide recovery. Those costs can be actual or estimated. In that context, allowable costs include interest cost and amounts provided for earnings on shareholders' investments.\"><span>allowable costs</span></a> for rate-making purposes is probable. </span></span></div></div>","snippet":"Paragraph 980-835-25-1 requires an allowance for funds used during construction, including a designated cost of equity funds, to be capitalized in specified circumstances as part of the acquisition cost of the related as…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64eb96b3b81e76432ec15ef30a065f33b3a4cf638c3b19e555ba36c672256645","downloaded_from":"2026-09-10T00:13:12.506Z","last_downloaded_at":"2026-09-10T00:13:12.506Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477468","source_sha256":"0a07c12e8384ea3c5717e5bd95e6150938a1ce0c57ab35bcd8edbe7ff5aa04ad"}},{"citation":"360-980-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/page-1833002/\" class=\"xref\">Paragraph not used</a>.</div></div>","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b6f9b98a9b6dd7a01848ed8ee89e13c5ee612a9e77805ed314f5f0c902ccdc0b","downloaded_from":"2026-09-10T00:13:12.506Z","last_downloaded_at":"2026-09-10T00:13:12.506Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477468","source_sha256":"0a07c12e8384ea3c5717e5bd95e6150938a1ce0c57ab35bcd8edbe7ff5aa04ad"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9089bf0e02ed9af0da285512ab08c532d31cf904333ca0dcd49c124173c28380","downloaded_from":"2026-09-10T00:13:12.506Z","last_downloaded_at":"2026-09-10T00:13:12.506Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477468","source_sha256":"0a07c12e8384ea3c5717e5bd95e6150938a1ce0c57ab35bcd8edbe7ff5aa04ad"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a13e3bf1c8dd8977ebebffab80c23c179b8282a59bec5c48e0b42d5333d2a8e","downloaded_from":"2026-09-10T00:13:12.506Z","last_downloaded_at":"2026-09-10T00:13:12.506Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477468","source_sha256":"0a07c12e8384ea3c5717e5bd95e6150938a1ce0c57ab35bcd8edbe7ff5aa04ad"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a13e3bf1c8dd8977ebebffab80c23c179b8282a59bec5c48e0b42d5333d2a8e","downloaded_from":"2026-09-10T00:13:12.506Z","last_downloaded_at":"2026-09-10T00:13:12.506Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477468","source_sha256":"0a07c12e8384ea3c5717e5bd95e6150938a1ce0c57ab35bcd8edbe7ff5aa04ad"}}