# ASC 405-980-40: Liabilities — Regulated Operations — 40 Derecognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/405/980/#40-derecognition)

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## ASC 405-980-40: 40 Derecognition

[Read section](https://asc.understandingaccounting.org/asc/405/980/#40-derecognition)

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#### Regulator-Imposed Liabilities

##### [405-980-40-1](https://asc.understandingaccounting.org/asc/405/980/#405-980-40-1)

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Actions of a regulator can eliminate a liability only if the liability was imposed by actions of the regulator.