# ASC 350-908-05: Intangibles—Goodwill and Other — Airlines — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/350/908/#05-overview-and-background)

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## ASC 350-908-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/350/908/#05-overview-and-background)

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##### [350-908-05-1](https://asc.understandingaccounting.org/asc/350/908/#350-908-05-1)

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This Subtopic provides accounting guidance for take-off and landing slots for entities in the airline industry.

##### [350-908-05-2](https://asc.understandingaccounting.org/asc/350/908/#350-908-05-2)

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New entrants to a market and airlines expanding in markets need gates and take-off and landing slots available to them at the airports in those markets. At certain airports, the frequency of take-offs and landings at all times is generally at capacity. At other airports, the slots during popular travel times are at capacity. Because an airline cannot enter a market where no slots are available, the Department of Transportation has adopted a rule under which airlines may sell or trade slots. These transactions frequently include the sale of or access to gates for the acquiring airlines. Although slots, particularly those in high-demand time periods, have always had intrinsic value, the Department of Transportation policy of transferability through sale or exchange has made the slot a salable right.