{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/340/928/#50-disclosure","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":"340","topic_title":"Other Assets and Deferred Costs","subtopic":"340-928","subtopic_title":"Entertainment—Music","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Licensor Accounting","paragraphs":[{"citation":"340-928-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_E44B1F32-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The portion of the <a href=\"/glossary/r/#record-master\" class=\"term\" title=\"The master tape resulting from the performance of the artist. It is used to produce molds for commercial record production and other tapes for use in making cartridges, cassettes, DVDs, and reel tapes. The costs of producing a record master include the cost of the musical talent (musicians, vocal background, and arrangements); the cost of the technical talent for engineering, directing, and mixing; costs for the use of the equipment to record and produce the master; and studio facility charges. Under the standard type of artist contract, the record company bears a portion of the cost and recovers a portion of the cost from the artist out of designated royalties earned. However, either party may bear all or most of the cost.\"><span>record master</span></a> cost borne by the record company that is recorded as assets shall be disclosed separately. </span></span></div></div>","snippet":"The portion of the record master cost borne by the record company that is recorded as assets shall be disclosed separately.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fb62841eba3819971c4d361b35c1c0d8aae3fd5512aaae30d6febe54755a32f4","downloaded_from":"2026-09-09T23:57:32.291Z","last_downloaded_at":"2026-09-09T23:57:32.291Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478859","source_sha256":"84c343d2ec94828961da5cc0b4eaf6e44ab28e819d1fe9321f4748fdf6d32b5e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4c53b663de4b5e679ffa35757f8f9e973e4252cccfba93888719bd072ce96487","downloaded_from":"2026-09-09T23:57:32.291Z","last_downloaded_at":"2026-09-09T23:57:32.291Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478859","source_sha256":"84c343d2ec94828961da5cc0b4eaf6e44ab28e819d1fe9321f4748fdf6d32b5e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e71349ec09b2e532cea0932deb76aea6ac2fd92de95821f0dd262066f627f45","downloaded_from":"2026-09-09T23:57:32.291Z","last_downloaded_at":"2026-09-09T23:57:32.291Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478859","source_sha256":"84c343d2ec94828961da5cc0b4eaf6e44ab28e819d1fe9321f4748fdf6d32b5e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e71349ec09b2e532cea0932deb76aea6ac2fd92de95821f0dd262066f627f45","downloaded_from":"2026-09-09T23:57:32.291Z","last_downloaded_at":"2026-09-09T23:57:32.291Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478859","source_sha256":"84c343d2ec94828961da5cc0b4eaf6e44ab28e819d1fe9321f4748fdf6d32b5e"}}