# ASC 330-908-40: Inventory — Airlines — 40 Derecognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/330/908/#40-derecognition)

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## ASC 330-908-40: 40 Derecognition

[Read section](https://asc.understandingaccounting.org/asc/330/908/#40-derecognition)

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##### [330-908-40-1](https://asc.understandingaccounting.org/asc/330/908/#330-908-40-1)

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[Expendable parts](https://asc.understandingaccounting.org/glossary/e/#expendable-parts "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).") recorded in a current asset account for [spare parts](https://asc.understandingaccounting.org/glossary/s/#spare-parts "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.") and supplies shall be charged to expense as they are used.