{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/810/942/#sec-40-derecognition","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":"810","topic_title":"Consolidation","subtopic":"810-942","subtopic_title":"Financial Services—Depository and Lending","section":{"number":"S40","label":"SEC 40 Derecognition","anchor":"sec-40-derecognition","is_sec":true,"groups":[{"block":null,"heading":"Certain Transfers of Nonperforming Assets","paragraphs":[{"citation":"810-942-S40-1","para":"S40-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_F8009E06-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">See paragraph <a href=\"/asc/810/942/#810-942-S99-1\" class=\"xref\">942-810-S99-1</a>, SAB Topic 5.V, for SEC Staff views on accounting for certain transfers of nonperforming assets. </span></span></div></div>","snippet":"See paragraph 942-810-S99-1, SAB Topic 5.V, for SEC Staff views on accounting for certain transfers of nonperforming assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3de407d02547d496399578d038828d6d0a9cea3dc2fa15a7f56a2d82f8ac4f93","downloaded_from":"2026-09-10T01:32:00.190Z","last_downloaded_at":"2026-09-10T01:32:00.190Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478444","source_sha256":"ac873d7189d128a7537384534716bc56794e5e78f284a85bea1eba2b0eb7c371"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:44aa0b7fd3cfa88fec85d9241a7f1ea7c84db90df4f136d029745dc455635950","downloaded_from":"2026-09-10T01:32:00.190Z","last_downloaded_at":"2026-09-10T01:32:00.190Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478444","source_sha256":"ac873d7189d128a7537384534716bc56794e5e78f284a85bea1eba2b0eb7c371"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2f6d6006fca53b4fc9a885630c1002e1f7f58e664843e0764632f0f171b47ea6","downloaded_from":"2026-09-10T01:32:00.190Z","last_downloaded_at":"2026-09-10T01:32:00.190Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478444","source_sha256":"ac873d7189d128a7537384534716bc56794e5e78f284a85bea1eba2b0eb7c371"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2f6d6006fca53b4fc9a885630c1002e1f7f58e664843e0764632f0f171b47ea6","downloaded_from":"2026-09-10T01:32:00.190Z","last_downloaded_at":"2026-09-10T01:32:00.190Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478444","source_sha256":"ac873d7189d128a7537384534716bc56794e5e78f284a85bea1eba2b0eb7c371"}}