# ASC 960-40-35: Plan Accounting—Defined Benefit Pension Plans — Terminating Plans — 35 Subsequent Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/960/40/#35-subsequent-measurement)

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## ASC 960-40-35: 35 Subsequent Measurement

[Read section](https://asc.understandingaccounting.org/asc/960/40/#35-subsequent-measurement)

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##### [960-40-35-1](https://asc.understandingaccounting.org/asc/960/40/#960-40-35-1)

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[Paragraph superseded by Accounting Standards Update No. 2013-07](https://asc.understandingaccounting.org/updates/asu-2013-07/).

##### [960-40-35-2](https://asc.understandingaccounting.org/asc/960/40/#960-40-35-2)

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For [terminating plan](https://asc.understandingaccounting.org/glossary/t/#terminating-plan "All plans about which a termination decision has been made regardless of whether the terminating plan will be replaced.") assets, accumulated plan benefits shall be determined using the liquidation basis of accounting (see Subtopic 205-30), and their value may differ from the actuarial present value of accumulated plan benefits reported for an ongoing plan. In general, upon termination all benefits should be reported as vested.