{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/958/30/#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":"958","topic_title":"Not-for-Profit Entities","subtopic":"958-30","subtopic_title":"Split-Interest Agreements","section":{"number":"40","label":"40 Derecognition","anchor":"40-derecognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"958-30-40-1","para":"40-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_32D9BB9A-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Upon termination of a <a href=\"/glossary/s/#split-interest-agreement\" class=\"term\" title=\"An agreement in which a donor enters into a trust or other arrangement under which a not-for-profit entity (NFP) receives benefits that are shared with other beneficiaries. A typical split-interest agreement has the following two components: A lead interest A remainder interest.\"><span>split-interest agreement</span></a>, asset and liability accounts related to the agreement shall be closed. </span></span><span class=\"sfragment\" id=\"sfr_32D9BD1B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Any remaining amounts in the asset or liability accounts shall be recognized as changes in the value of split-interest agreements. </span></span></div></div>","snippet":"Upon termination of a split-interest agreement, asset and liability accounts related to the agreement shall be closed. Any remaining amounts in the asset or liability accounts shall be recognized as changes in the value …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fa5d3f03917de85c08b5a3c7042bc2f8b3f48aa04010b4eb2276bc024a22cb10","downloaded_from":"2026-09-10T02:22:15.799Z","last_downloaded_at":"2026-09-10T02:22:15.799Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480615","source_sha256":"8ba43c3d862211fe5350e83e4e0fc40466cec66b37a55b9e1c036ba3e4231bd1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:70c2f38d3e0a6338eab8d1e133f0d93414d92a74ac0a079e7bf492704551b167","downloaded_from":"2026-09-10T02:22:15.799Z","last_downloaded_at":"2026-09-10T02:22:15.799Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480615","source_sha256":"8ba43c3d862211fe5350e83e4e0fc40466cec66b37a55b9e1c036ba3e4231bd1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d83ceb92b7d1bcf159430575f2d2e4c66f704179fceba622baa4e39eeef9d2ca","downloaded_from":"2026-09-10T02:22:15.799Z","last_downloaded_at":"2026-09-10T02:22:15.799Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480615","source_sha256":"8ba43c3d862211fe5350e83e4e0fc40466cec66b37a55b9e1c036ba3e4231bd1"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d83ceb92b7d1bcf159430575f2d2e4c66f704179fceba622baa4e39eeef9d2ca","downloaded_from":"2026-09-10T02:22:15.799Z","last_downloaded_at":"2026-09-10T02:22:15.799Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480615","source_sha256":"8ba43c3d862211fe5350e83e4e0fc40466cec66b37a55b9e1c036ba3e4231bd1"}}