Chapter 9: Purchased financial assets with credit deterioration. Publication date: 31 May 2022.ASC 326's changes the accounting for credit losses. Let's take a look at the impact on purchased financial assets with credit deterioration. You itemize deductions. • You claim tax credits other than the family income tax credit, the property tax credit or the credit for increased excise taxes. ASC 326 uses the term "purchased financial assets with credit deterioration" and the definition of PCD assets is broader than the definition of PCI assets. Each department will establish a Capital Asset Manager to ensure an effective countywide Capital. Asset Management Program.