{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/330/908/","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.","number":"330-908","topic":"330","title":"Airlines","area":"Assets","paragraphs":9,"summary":"ASC 330-908 governs inventory accounting for airlines, where \"inventory\" consists of expendable spare parts, materials, and supplies held for internal consumption rather than sale. Expendable parts are recorded at cost in a current asset account akin to a prepaid expense, carry an allowance for obsolescence tied to the lives of the related fleets, and are charged to expense as used.","concepts":["expendable spare parts","materials and supplies","allowance for obsolescence","rotable parts","cost valuation","current asset classification","internal consumption inventory","airline industry"],"categories":["Inventory and PP&E","Industry-specific","Subsequent measurement","Initial measurement"],"level":"intermediate","topic_title":"Inventory","sections":[{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"330-908-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic provides guidance for inventory accounting for entities in the airline industry.</div></div>","snippet":"This Subtopic provides guidance for inventory accounting for entities in the airline industry.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a242b038e52fbe6029f69e884f512a6c037aa594630ee903c7c13fc4556b4cf9","downloaded_from":"2026-09-09T23:51:55.917Z","last_downloaded_at":"2026-09-09T23:51:55.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479217","source_sha256":"6d90c6182bdaa32a69a8af40fed776e56dca53899e7a756b14103030e9b69a14"}},{"citation":"330-908-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_17761989-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The inventories in an airline operation (that is, carrier services for passengers and/or cargo) are for internal consumption and not for sale; they therefore differ substantially from the classical definition (see Topic <a altsource=\"GUID-9BC45383-18BB-434A-89C4-61B06E1589B4.ditamap\" class=\"ditamap\">330</a>). </span></span><span class=\"sfragment\" id=\"sfr_17761AFA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> Inventories in an airline operation comprise primarily expendable (spare) parts and materials and supplies used in the airline's operation. </span></span></div></div>","snippet":"The inventories in an airline operation (that is, carrier services for passengers and/or cargo) are for internal consumption and not for sale; they therefore differ substantially from the classical definition (see Topic …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:159f033d374d9cd01389f6bb7b3aceb545b2c7157a5324c82d5146cb2dd4eaa2","downloaded_from":"2026-09-09T23:51:55.917Z","last_downloaded_at":"2026-09-09T23:51:55.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479217","source_sha256":"6d90c6182bdaa32a69a8af40fed776e56dca53899e7a756b14103030e9b69a14"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:477bc86f69830afa5a18418b97649e088b3fa3f8e00809f1b521410874eb7223","downloaded_from":"2026-09-09T23:51:55.917Z","last_downloaded_at":"2026-09-09T23:51:55.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479217","source_sha256":"6d90c6182bdaa32a69a8af40fed776e56dca53899e7a756b14103030e9b69a14"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3a551ed9e808afc26c71de19362a0c94406f121bd389835c0532e51e778665cc","downloaded_from":"2026-09-09T23:51:55.917Z","last_downloaded_at":"2026-09-09T23:51:55.917Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479217","source_sha256":"6d90c6182bdaa32a69a8af40fed776e56dca53899e7a756b14103030e9b69a14"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"330-908-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see <a altsource=\"GUID-3060249E-673F-40AD-9E76-2C4BEF56933D.ditamap\" class=\"ditamap\">Section 908-10-15</a>.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 908-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cdf73216dcdf2ad6adf0d08fe0d4e57ccc01249aba32775b515a8a50b1f1db75","downloaded_from":"2026-09-09T23:51:57.728Z","last_downloaded_at":"2026-09-09T23:51:57.728Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478529","source_sha256":"7649f4d19491bdc264b5188657413741b1f9097415e83d44e3cb3b4c4b5b0659"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf1f9c052afc13364c6a4d46c094b6124c04cbca1b9c243dd9a929d483d01f62","downloaded_from":"2026-09-09T23:51:57.728Z","last_downloaded_at":"2026-09-09T23:51:57.728Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478529","source_sha256":"7649f4d19491bdc264b5188657413741b1f9097415e83d44e3cb3b4c4b5b0659"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:73fbead827d045686158bc3ff2b8fcab4ac21b0bb5ef57b111ceb9cb6cf6bebe","downloaded_from":"2026-09-09T23:51:57.728Z","last_downloaded_at":"2026-09-09T23:51:57.728Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478529","source_sha256":"7649f4d19491bdc264b5188657413741b1f9097415e83d44e3cb3b4c4b5b0659"}},{"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"}},{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"330-908-30-1","para":"30-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_17993147-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Inventories are valued at cost. </span></span></div></div>","snippet":"Inventories are valued at cost.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3401f7ccb292c3f83e5d7a6c2ac461cb2278e628f380609247808f2041779732","downloaded_from":"2026-09-09T23:52:05.170Z","last_downloaded_at":"2026-09-09T23:52:05.170Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477770","source_sha256":"e16e6167a5e624b41eee7ea677c7b1bec263f08ecdcb6852e53f3eb4589e54ef"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:87f78354d29b462a8fb142cd139fd186d0ec5d619480a02d0c2db3c5621a76db","downloaded_from":"2026-09-09T23:52:05.170Z","last_downloaded_at":"2026-09-09T23:52:05.170Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477770","source_sha256":"e16e6167a5e624b41eee7ea677c7b1bec263f08ecdcb6852e53f3eb4589e54ef"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:435d2c4a9067b783ba3bf776d8aca67a475aa66d8aa3b2a7fc3e103bef043189","downloaded_from":"2026-09-09T23:52:05.170Z","last_downloaded_at":"2026-09-09T23:52:05.170Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477770","source_sha256":"e16e6167a5e624b41eee7ea677c7b1bec263f08ecdcb6852e53f3eb4589e54ef"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"330-908-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_17A581A3-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Inventories shall include an allowance for obsolescence that corresponds to the lives of the related fleets. </span></span></div></div>","snippet":"Inventories shall include an allowance for obsolescence that corresponds to the lives of the related fleets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c24eea6a492a4764d94685b49dba4d061cf626fc94837fe963240ab0f19af293","downloaded_from":"2026-09-09T23:52:08.237Z","last_downloaded_at":"2026-09-09T23:52:08.237Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478928","source_sha256":"0f6276322308e740c6c6b46bbe6de94140e41a05b4f1ea298821cf76896aa3b6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:824ee3fb57a64b93709f2c738aa24ddf107bc710d0c11c89dbaba8da2fc7a223","downloaded_from":"2026-09-09T23:52:08.237Z","last_downloaded_at":"2026-09-09T23:52:08.237Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478928","source_sha256":"0f6276322308e740c6c6b46bbe6de94140e41a05b4f1ea298821cf76896aa3b6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6b9a46d5e086a9ddeb05287d98fba3e395feeac50acdccd2412aadeafbde3eb0","downloaded_from":"2026-09-09T23:52:08.237Z","last_downloaded_at":"2026-09-09T23:52:08.237Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478928","source_sha256":"0f6276322308e740c6c6b46bbe6de94140e41a05b4f1ea298821cf76896aa3b6"}},{"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"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"330-908-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_17B8EFFE-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> are classified as current assets (see paragraph <a href=\"/asc/360/908/#360-908-45-1\" class=\"xref\">908-360-45-1</a> concerning <a href=\"/glossary/r/#rotable-parts\" class=\"term\" title=\"Rotable parts are normally repaired and reused, as opposed to those parts that are consumed in the operations (expendable parts).\"><span>rotable parts</span></a> and assemblies of significant value). </span></span></div></div>","snippet":"Expendable parts are classified as current assets (see paragraph 908-360-45-1 concerning rotable parts and assemblies of significant value).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:81994e9718e8a5142fd1631f365b90e555a5a426b68329c54363dc427a3adffc","downloaded_from":"2026-09-09T23:52:13.368Z","last_downloaded_at":"2026-09-09T23:52:13.368Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478816","source_sha256":"0c050e081e0bc2f14d607bf0efc96870ac9e48dc6b51f9c7527df1fc223556ad"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:58d838f6369460d1710813e10716b05094c05f0a5f13ac4d63d7dc80ff9edfa8","downloaded_from":"2026-09-09T23:52:13.368Z","last_downloaded_at":"2026-09-09T23:52:13.368Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478816","source_sha256":"0c050e081e0bc2f14d607bf0efc96870ac9e48dc6b51f9c7527df1fc223556ad"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dfe965d9fa18a4862feb7bda62566ae0d61a258bdefa94b02e0016fbc5d4166e","downloaded_from":"2026-09-09T23:52:13.368Z","last_downloaded_at":"2026-09-09T23:52:13.368Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478816","source_sha256":"0c050e081e0bc2f14d607bf0efc96870ac9e48dc6b51f9c7527df1fc223556ad"}}],"enrichment":{"summary":"ASC 330-908 governs inventory accounting for airlines, where \"inventory\" consists of expendable spare parts, materials, and supplies held for internal consumption rather than sale. Expendable parts are recorded at cost in a current asset account akin to a prepaid expense, carry an allowance for obsolescence tied to the lives of the related fleets, and are charged to expense as used.","key_points":["Airline inventories differ from the classic definition in Topic 330 because they are for internal consumption, not for sale, and consist primarily of expendable (spare) parts, materials, and supplies (330-908-05-2).","Expendable parts are recorded at cost in a current asset account for spare parts and supplies, similar in nature to a prepaid expense (330-908-25-1).","Reusable spare parts and supplies recovered from construction, maintenance, or retirement of property and equipment are included with expendable parts at the average cost of comparable items, based on condition and continuing utility (330-908-25-1).","Materials and supplies held in small quantities and purchased as needed are charged to expense when purchased (330-908-25-1).","Inventories are valued at cost (330-908-30-1) and must include an allowance for obsolescence corresponding to the lives of the related fleets (330-908-35-1).","Expendable parts are charged to expense as they are used (330-908-40-1) and are classified as current assets (330-908-45-1); rotable parts and assemblies of significant value are addressed in 908-360-45-1."],"categories":["Inventory and PP&E","Industry-specific","Subsequent measurement","Initial measurement"],"audience_level":"intermediate","student_note":"The key trap is treating airline \"inventory\" like goods held for sale — it is really consumable spare parts accounted for like a prepaid expense at cost, with obsolescence allowances keyed to fleet lives. Also distinguish expendable parts (current assets under 330-908) from rotable parts and assemblies of significant value, which are addressed as property and equipment under 908-360.","related_topics":["330-10","908-10","908-330","908-360","360-10"],"key_concepts":["expendable spare parts","materials and supplies","allowance for obsolescence","rotable parts","cost valuation","current asset classification","internal consumption inventory","airline industry"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bdead78762bff112c0d045775519c8be6fc34a239501297a6831d57cc1fe930e","downloaded_from":"2026-09-09T23:51:55.917Z","last_downloaded_at":"2026-09-09T23:52:13.368Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"360-908","title":"Airlines","topic_title":"Property, Plant, and Equipment","score":0.7654,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4482d685c40466f6bc6295cfd831f82e7f77a3f461c7e5aa30e4f038d881569b","downloaded_from":"2026-09-10T00:07:28.720Z","last_downloaded_at":"2026-09-10T00:07:56.986Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"720-908","title":"Airlines","topic_title":"Other Expenses","score":0.6895,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d50593be42e3030c375fcc21f678362a6f901a073303c5f2cbe23244048a4f3","downloaded_from":"2026-09-10T01:09:26.801Z","last_downloaded_at":"2026-09-10T01:09:37.136Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"908-10","title":"Overall","topic_title":"Airlines","score":0.6881,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2fe6165005e3a2821913cfd1cfc79c47756cd5f77c39c068811c3fe270522582","downloaded_from":"2026-09-10T02:08:49.576Z","last_downloaded_at":"2026-09-10T02:08:57.617Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"350-908","title":"Airlines","topic_title":"Intangibles—Goodwill and Other","score":0.6848,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e81124eb9acc8a22017767e575ba7f573ca3d75cf3975e5c114dcecc543e4a6","downloaded_from":"2026-09-10T00:03:35.089Z","last_downloaded_at":"2026-09-10T00:03:43.707Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"330-926","title":"Entertainment—Films","topic_title":"Inventory","score":0.6842,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a787705bf74ef65fbbb323413f519727614c5eb10325e667104caf99719ec3af","downloaded_from":"2026-09-09T23:52:47.274Z","last_downloaded_at":"2026-09-09T23:52:53.935Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"330-932","title":"Extractive Activities—Oil and Gas","topic_title":"Inventory","score":0.6668,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:daeaf1ad07b0f2a535447b5d2fb4e4371addcdef5db731fd515c0ecdc16d0432","downloaded_from":"2026-09-09T23:53:09.584Z","last_downloaded_at":"2026-09-09T23:53:22.955Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"330-905","title":"Agriculture","topic_title":"Inventory","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:790e15cacf3cded4720364a59713e67a0edb81aaa7dd235d9f0d48350e3e070d","downloaded_from":"2026-09-09T23:51:23.210Z","last_downloaded_at":"2026-09-09T23:51:52.923Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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