# ASC 350-908-25: Intangibles—Goodwill and Other — Airlines — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/350/908/#25-recognition)

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## ASC 350-908-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/350/908/#25-recognition)

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#### Take-off and Landing Slots

##### [350-908-25-1](https://asc.understandingaccounting.org/asc/350/908/#350-908-25-1)

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When airlines buy take-off and landing slots, the recorded asset is an intangible asset that shall be accounted for in conformity with Topic 350. See also Example 6 (paragraph [350-30-55-17](https://asc.understandingaccounting.org/asc/350/30/#350-30-55-17)) for guidance with respect to the acquisition of an international airline route authority.