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FASB ASC Guide > FASB ASC 908

The Financial Accounting Standards Board (FASB) released Accounting Standards Codification 908 (ASC 908) to address airlines and the airline industry. For this industry, certain intangible assets such as takeoff and landing slots can be sold. When these are purchased, they may be able to meet certain criteria to be capitalized as an intangible asset. The useful life of such asset can be difficult to measure for amortization purposes.

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