{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/730/912/#55-implementation-guidance-and-illustrations","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":"730","topic_title":"Research and Development","subtopic":"730-912","subtopic_title":"Contractors—Federal Government","section":{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"730-912-55-1","para":"55-1","html":"
This Example illustrates the application of the guidance in paragraph 912-730-25-1 to research and development costs under a best-efforts-basis, research-and-development-cost-sharing arrangement.
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This Example has the following assumptions:
  1. a
    Estimated aggregate cost to be incurred by contractor in the specified research and development activity: $150
  2. b
    Anticipated reimbursement from customer: $100
  3. c
    As of the current reporting date 50 percent of the estimated aggregate costs have been incurred
  4. d
    Customer has paid 30 percent of its pro rata funding.
","snippet":"This Example has the following assumptions:\n(a) Estimated aggregate cost to be incurred by contractor in the specified research and development activity: $150\n(b) Anticipated reimbursement from customer: $100\n(c) As of t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:72f909141e0d77c56eef6367fa138db4f4af8c0e49d39a93f7806b8055156a2e","downloaded_from":"2026-09-10T01:16:00.864Z","last_downloaded_at":"2026-09-10T01:16:00.864Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477222","source_sha256":"7d24a79c299fb4a4534cd1acc1e1d1c2321fe16c5321ad7f495967c73efa5f8d"}},{"citation":"730-912-55-3","para":"55-3","html":"
The following table illustrates how to record expenditures for research and development in connection with the XYZ project.
","snippet":"The following table illustrates how to record expenditures for research and development in connection with the XYZ project.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ce7de1d87fbc3108deb1ee2578fd389f0a97d705cdf48142a45d19e1d8ca88a","downloaded_from":"2026-09-10T01:16:00.864Z","last_downloaded_at":"2026-09-10T01:16:00.864Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477222","source_sha256":"7d24a79c299fb4a4534cd1acc1e1d1c2321fe16c5321ad7f495967c73efa5f8d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8bcd993bf8c6fef527eee4584fdf73644059bc945553919cb97bb7499499e3ce","downloaded_from":"2026-09-10T01:16:00.864Z","last_downloaded_at":"2026-09-10T01:16:00.864Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477222","source_sha256":"7d24a79c299fb4a4534cd1acc1e1d1c2321fe16c5321ad7f495967c73efa5f8d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:185c73d7107fc8a6f4a5e950ae7b9b4a3557d7677c8847341a8dc5507257140b","downloaded_from":"2026-09-10T01:16:00.864Z","last_downloaded_at":"2026-09-10T01:16:00.864Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477222","source_sha256":"7d24a79c299fb4a4534cd1acc1e1d1c2321fe16c5321ad7f495967c73efa5f8d"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:185c73d7107fc8a6f4a5e950ae7b9b4a3557d7677c8847341a8dc5507257140b","downloaded_from":"2026-09-10T01:16:00.864Z","last_downloaded_at":"2026-09-10T01:16:00.864Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477222","source_sha256":"7d24a79c299fb4a4534cd1acc1e1d1c2321fe16c5321ad7f495967c73efa5f8d"}}