FASB ASC 908 - Airlines


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.

Check out more high level explanations of the FASB ASC in our Guide to the Accounting Standards Codification!

For more in depth information on this and other FASB ASC topics, check out the following books.

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