# ASC 720-942-25: Other Expenses — Financial Services—Depository and Lending — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/720/942/#25-recognition)

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## ASC 720-942-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/720/942/#25-recognition)

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##### [720-942-25-1](https://asc.understandingaccounting.org/asc/720/942/#720-942-25-1)

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A depository institution shall report the Financing Corporation (FICO) assessment as a period cost as incurred.