{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/330/908/#40-derecognition","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":"40","label":"40 Derecognition","anchor":"40-derecognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"330-908-40-1","para":"40-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_17AFB1D1-6E93-1014-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> recorded 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 shall be charged to expense as they are used. </span></span></div></div>","snippet":"Expendable parts recorded in a current asset account for spare parts and supplies shall be charged to expense as they are used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8853da9b10d21f66f031026ad1a0c721c097d072cee565158d7f9fee8347dd3a","downloaded_from":"2026-09-09T23:52:11.681Z","last_downloaded_at":"2026-09-09T23:52:11.681Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479243","source_sha256":"cc87848f274ea053803c87d9325781c7527cebc7d303ab82d1bf3d5da937d79e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:309d20304c31e462a07c6bfdfbbb5aae29a90c9b1eee2bd659f50e71eab6fde5","downloaded_from":"2026-09-09T23:52:11.681Z","last_downloaded_at":"2026-09-09T23:52:11.681Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479243","source_sha256":"cc87848f274ea053803c87d9325781c7527cebc7d303ab82d1bf3d5da937d79e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ba0a454d7aa1f628b7231686f51193c5425f00238c5893026f621bd04be8132","downloaded_from":"2026-09-09T23:52:11.681Z","last_downloaded_at":"2026-09-09T23:52:11.681Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479243","source_sha256":"cc87848f274ea053803c87d9325781c7527cebc7d303ab82d1bf3d5da937d79e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ba0a454d7aa1f628b7231686f51193c5425f00238c5893026f621bd04be8132","downloaded_from":"2026-09-09T23:52:11.681Z","last_downloaded_at":"2026-09-09T23:52:11.681Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479243","source_sha256":"cc87848f274ea053803c87d9325781c7527cebc7d303ab82d1bf3d5da937d79e"}}