# ASC 340-928-50: Other Assets and Deferred Costs — Entertainment—Music — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/340/928/#50-disclosure)

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.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-09T23:57:32.291Z to 2026-09-09T23:57:32.291Z

Record version: sha256:8e71349ec09b2e532cea0932deb76aea6ac2fd92de95821f0dd262066f627f45

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 340-928-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/340/928/#50-disclosure)

SEC content: no

#### Licensor Accounting

##### [340-928-50-1](https://asc.understandingaccounting.org/asc/340/928/#340-928-50-1)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:57:32.291Z to 2026-09-09T23:57:32.291Z

Record version: sha256:fb62841eba3819971c4d361b35c1c0d8aae3fd5512aaae30d6febe54755a32f4

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The portion of the [record master](https://asc.understandingaccounting.org/glossary/r/#record-master "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.") cost borne by the record company that is recorded as assets shall be disclosed separately.