plan accounting

Assets1

1. 360-962Plan Accounting—Defined Contribution Pension Plans360 Property, Plant, and Equipment

   This subtopic governs how a defined contribution pension plan accounts for property, plant, and equipment that the plan itself uses in its operations. The core rule is that such operating assets — buildings, equipment, furniture and fixtures, and leasehold improvements — are reported at cost less accumulated depreciation or amortization, rather than at fair value like investment assets.