{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/330/908/#25-recognition","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"330","topic_title":"Inventory","subtopic":"330-908","subtopic_title":"Airlines","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"330-908-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_178D02AF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/e/#expendable-parts\" class=\"term\" title=\"Parts that are ordinarily used up (consumed) and replaced with new parts, as opposed to those parts that are capable of being used over and over after being refurbished (rotable flight equipment).\"><span>Expendable parts</span></a> shall be recorded at cost in a current asset account for <a href=\"/glossary/s/#spare-parts\" class=\"term\" title=\"Parts, appurtenances, and accessories of aircraft (other than aircraft engines and propellers), of aircraft engines (other than propellers), of propellers, or of appliances that are maintained for installation or use in an aircraft, aircraft engine, propeller, or appliance but that are not yet installed or attached.\"><span>spare parts</span></a> and supplies, which is similar in nature to a prepaid expense. </span></span><span class=\"sfragment\" id=\"sfr_178D040B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Reusable spare parts and supplies recovered in connection with construction, maintenance, or retirement of property and equipment shall be included with expendable parts at the average cost of comparable items. This valuation is typically based on the condition of the part or group of parts and their continuing utility. </span></span><span class=\"sfragment\" id=\"sfr_178D053B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> Materials and supplies held in small quantities and purchased as needed shall be charged to expense when they are purchased. </span></span></div></div>","snippet":"Expendable parts shall be recorded at cost in a current asset account for spare parts and supplies, which is similar in nature to a prepaid expense. Reusable spare parts and supplies recovered in connection with construc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ac08476eed0df129eaa67184891e0c5115def0b00f45176311deec2e2a8d1a79","downloaded_from":"2026-09-09T23:52:01.526Z","last_downloaded_at":"2026-09-09T23:52:01.526Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477923","source_sha256":"30300a8f96e638797ffa82d0b8d7a23d2181760edf35ab58f067b660f9e70f32"}},{"citation":"330-908-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">See Section <a altsource=\"GUID-6363C936-6E24-4D16-9070-5A7E568FDAD4.ditamap\" class=\"ditamap\">908-330-30</a> for a summary of the recognition and initial measurement standards for airline inventories.</div></div>","snippet":"See Section 908-330-30 for a summary of the recognition and initial measurement standards for airline inventories.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:baf198b497fa8d19f1b6ed8bf03caad72db040727a0220f729ec08975051d93b","downloaded_from":"2026-09-09T23:52:01.526Z","last_downloaded_at":"2026-09-09T23:52:01.526Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477923","source_sha256":"30300a8f96e638797ffa82d0b8d7a23d2181760edf35ab58f067b660f9e70f32"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e609ea5d71a5f311344a3efd10eaefa34c10fedbf680ec1759fa62955cf228ce","downloaded_from":"2026-09-09T23:52:01.526Z","last_downloaded_at":"2026-09-09T23:52:01.526Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477923","source_sha256":"30300a8f96e638797ffa82d0b8d7a23d2181760edf35ab58f067b660f9e70f32"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a424b4ea18aef9e1dbf5f27f8e02001249430df997657fcb4c4f422859a4146","downloaded_from":"2026-09-09T23:52:01.526Z","last_downloaded_at":"2026-09-09T23:52:01.526Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477923","source_sha256":"30300a8f96e638797ffa82d0b8d7a23d2181760edf35ab58f067b660f9e70f32"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a424b4ea18aef9e1dbf5f27f8e02001249430df997657fcb4c4f422859a4146","downloaded_from":"2026-09-09T23:52:01.526Z","last_downloaded_at":"2026-09-09T23:52:01.526Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477923","source_sha256":"30300a8f96e638797ffa82d0b8d7a23d2181760edf35ab58f067b660f9e70f32"}}