{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/450/20/#30-initial-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":"450","topic_title":"Contingencies","subtopic":"450-20","subtopic_title":"Loss Contingencies","section":{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"450-20-30-1","para":"30-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_59588382-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If some amount within a range of loss appears at the time to be a better estimate than any other amount within the range, that amount shall be accrued. When no amount within the range is a better estimate than any other amount, however, the minimum amount in the range shall be accrued. </span></span> <span class=\"sfragment\" id=\"sfr_595884D8-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Even though the minimum amount in the range is not necessarily the amount of loss that will be ultimately determined, it is not likely that the ultimate loss will be less than the minimum amount. </span></span>Examples 1-2 (see paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/450/20/#450-20-55-18\" class=\"xref\">450-20-55-18 through 55-35</a></div>) illustrate the application of these initial measurement standards.</div> </div>","snippet":"If some amount within a range of loss appears at the time to be a better estimate than any other amount within the range, that amount shall be accrued. When no amount within the range is a better estimate than any other …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c850b5d59cfbfc25ee33f1cbc4ada97284a04d24ef2d1c47e339ba36e7f2dba5","downloaded_from":"2026-09-10T00:27:15.994Z","last_downloaded_at":"2026-09-10T00:27:15.994Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483102","source_sha256":"39f71ed03273249b7115c39880121d32219e7368941901b86eedbeb358931759"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cda7fda620e51368ad4b1f12c84d482623ad022f7aa5cc7ff981f1328996ce6d","downloaded_from":"2026-09-10T00:27:15.994Z","last_downloaded_at":"2026-09-10T00:27:15.994Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483102","source_sha256":"39f71ed03273249b7115c39880121d32219e7368941901b86eedbeb358931759"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2de6a724aaeada20f1da3a84d961462121ad4b6fa7d3a449f3910e258e9fd36","downloaded_from":"2026-09-10T00:27:15.994Z","last_downloaded_at":"2026-09-10T00:27:15.994Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483102","source_sha256":"39f71ed03273249b7115c39880121d32219e7368941901b86eedbeb358931759"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2de6a724aaeada20f1da3a84d961462121ad4b6fa7d3a449f3910e258e9fd36","downloaded_from":"2026-09-10T00:27:15.994Z","last_downloaded_at":"2026-09-10T00:27:15.994Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483102","source_sha256":"39f71ed03273249b7115c39880121d32219e7368941901b86eedbeb358931759"}}