# ASC 845-985: Nonmonetary Transactions — Software Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/845/985/) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T02:00:42.907Z to 2026-09-10T02:00:58.482Z Record version: sha256:811e6c224ec596f9919f20f180a7f148ab08713fb0735b68c16caa7e95eef850 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985: Nonmonetary Transactions — Software ### Machine-generated study aids ```json { "summary": "ASC 845-985 formerly provided industry guidance on nonmonetary (barter) exchanges involving software, principally software revenue recognition in exchanges of software products or licenses. Every paragraph in this subtopic — scope, recognition, and implementation guidance — was superseded by ASU 2014-09 (Revenue from Contracts with Customers). The subtopic therefore contains no operative guidance; nonmonetary consideration in software arrangements is now addressed under ASC 606 (noncash consideration) and general nonmonetary guidance in ASC 845-10.", "key_points": [ "All content of 845-985 (paragraphs 845-985-05-1, 15-1 through 15-2, 25-1 through 25-7, and 55-1 through 55-8) is marked 'Paragraph superseded by Accounting Standards Update No. 2014-09,' leaving no effective guidance in the subtopic.", "Because the legacy software-specific nonmonetary exchange guidance was withdrawn, entities apply ASC 606 to revenue arrangements settled in noncash consideration, measuring such consideration at fair value under 606-10-32-21 through 32-24.", "General nonmonetary exchange principles (fair value measurement, commercial substance exception) remain in ASC 845-10; the software carve-out no longer exists.", "The superseded status is a transition artifact: entities that had not yet adopted ASU 2014-09 previously looked here, but for all current periods the guidance is inoperative.", "Related legacy software revenue guidance in ASC 985-605 was likewise superseded by ASU 2014-09, so no residual software-specific barter model survives." ], "categories": [ "Revenue", "Transition and effective dates", "Industry-specific", "Fair value" ], "audience_level": "intermediate", "student_note": "Know that this subtopic is entirely superseded by ASU 2014-09 — citing it as live authority is the classic error; software barter transactions now fall under ASC 606's noncash consideration rules and ASC 845-10's general nonmonetary principles.", "related_topics": [ "606", "845-10", "985-605", "340-40", "820" ], "key_concepts": [ "nonmonetary transaction", "barter exchange of software", "noncash consideration", "superseded guidance", "revenue recognition", "commercial substance", "fair value measurement" ] } ``` Source downloaded (UTC): 2026-09-10T02:00:42.907Z to 2026-09-10T02:00:42.907Z Record version: sha256:880c431ed2368a2e645e1cc17395905f0d00d6bf2612a548ba76d2550e2324e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/845/985/#00-status) SEC content: no ##### [845-985-00-1](https://asc.understandingaccounting.org/asc/845/985/#845-985-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:42.907Z to 2026-09-10T02:00:42.907Z Record version: sha256:c6252feaabaf61d5db51de7ab8839743039cc4e71ba3f18b28c7c79930582f4a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
CustomerSupersededAccounting Standards Update No. 2014-0905/28/2014
985-845-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
985-845-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
985-845-15-2SupersededAccounting Standards Update No. 2014-0905/28/2014
985-845-25-1 through 25-7
SupersededAccounting Standards Update No. 2014-0905/28/2014
985-845-55-1 through 55-8
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T02:00:46.762Z to 2026-09-10T02:00:46.762Z Record version: sha256:94a5533e2bf6fd37b95911666074ca5d502acc81fc5ded267898f32634ea89c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/845/985/#05-overview-and-background) SEC content: no ##### [845-985-05-1](https://asc.understandingaccounting.org/asc/845/985/#845-985-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:46.762Z to 2026-09-10T02:00:46.762Z Record version: sha256:65b1e9ac0c036429e79d0b7dc4080a27081187e30a3ce5687447f4bfb3aed666 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T02:00:49.165Z to 2026-09-10T02:00:49.165Z Record version: sha256:6eafbd3b004082c859bb3f994bb7229fc31b42948a28f113c064a95c484914ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/845/985/#15-scope-and-scope-exceptions) SEC content: no ##### [845-985-15-1](https://asc.understandingaccounting.org/asc/845/985/#845-985-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:49.165Z to 2026-09-10T02:00:49.165Z Record version: sha256:a1bec3590687d8cba8649253fd79b796957b3588bed31310cce9172659760586 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-15-2](https://asc.understandingaccounting.org/asc/845/985/#845-985-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:49.165Z to 2026-09-10T02:00:49.165Z Record version: sha256:4abb298b077b96bed000d8eea37b34eaab1ba902e517455df6406c73a7065839 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T02:00:52.964Z to 2026-09-10T02:00:52.964Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/845/985/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:cc7f7b755f2246f73b9a535e1a8639c11270bb053cac253f5f522382f271b87b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/845/985/#25-recognition) SEC content: no ##### [845-985-25-1](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:3deee76fdd297d461518e8a205f6c320f76a76f31d165283a111c875578e4d49 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-25-2](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:45743787140a97f705e558424ecb304a865fba1c17549563f6e48b27759f26bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-25-3](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:459a5f8374a1488fc9b034bc45e4875366ba14f9126e93fe142dd40caf2d70e3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-25-4](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:bd106f8d019258ef42318793e47d985b61fa55e4288e50b14a7b1a49be181ae4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-25-5](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:c25858c90ff44ebbc3ba9ca18dbc0e7c26dfaa1d10dcef2cd9727d692b8c2466 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-25-6](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:898c331b78531f44eba82762023362afcbc18f1fef2771ebcb1bb285213e5ba7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-25-7](https://asc.understandingaccounting.org/asc/845/985/#845-985-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:56.440Z to 2026-09-10T02:00:56.440Z Record version: sha256:79fbce91926b0e1bb610eca64bc51051dc890082b00feab52f6f276f0c2da742 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:c15fbb74a11e601e44c4f792a85f54f11a401cb940d47cd049d741d1eff078ca Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 845-985-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/845/985/#55-implementation-guidance-and-illustrations) SEC content: no ##### [845-985-55-1](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:1f23ecd90483b48a9c0739c8c7c3e533e7caf75a044bd0d13aaf702cd5606cd4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-55-2](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:2792dbd8cd6e3793d67e0680b163715f42d63675d2fc32dbd80331c4380be2c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-55-3](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:7c834c1ce487bfaed24b14007d2f5fcc41d0ac9df0bdc31f53e730c017f6edab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-55-4](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:3b858991abf4843ba1432f16403bc9d837e9d65588c9b2f7b39ba8ddb422cc37 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-55-5](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:6ba3a63f9544c06f55c147c02e7842156a953784c4d947400b5af92ab03fc320 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-55-6](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:b39dfed8bbc6239ee395e29409e2b6e0ad5f8c631ffffdf586fd868b2f70c00e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-55-7](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:db127117348bbd69212ddbfc29b1edf7eace7c4d1b9f1bbb39902a8951cea41a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [845-985-55-8](https://asc.understandingaccounting.org/asc/845/985/#845-985-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T02:00:58.482Z to 2026-09-10T02:00:58.482Z Record version: sha256:7a58900108752b599ce043caa703f4b96e005bf75c2cfc8a726c94db9d046e2a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).