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.
For more in depth information on this and other FASB ASC topics, check out the following books.
Accounting made easy, for FREE!
Access the contact form and send us your feedback, questions, etc. We are always welcome to help someone out. You can also contact us if you wish to submit your writing, cartoons, jokes, etc. and we will consider posting them to share with the world! The Facebook and LinkedIn groups are also good areas to find people interested in accounting like yourself, don’t hesitate to join as everyone of all levels are welcome to become part of the community.