{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/350/920/#35-subsequent-measurement","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":"350","topic_title":"Intangibles—Goodwill and Other","subtopic":"350-920","subtopic_title":"Entertainment—Broadcasters","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"License Agreements for Program Material—Amortization","paragraphs":[{"citation":"350-920-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_DAE9974E-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The capitalized costs of <a href=\"/glossary/l/#license-agreement\" class=\"term\" title=\"A typical license agreement for program material (for example, features, specials, series, or cartoons) covers several programs (a package) and grants a television station, group of stations, network, pay television, or cable television system (licensee) the right to broadcast either a specified number or an unlimited number of showings over a maximum period of time (license period) for a specified fee.\"><span>license agreements</span></a> for program material, </span></span> <span class=\"sfragment\" id=\"sfr_DAE99852-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">including license agreements in a <a href=\"/glossary/f/#film-group\" class=\"term\" title=\"The unit of account used for impairment testing for a film or a license agreement for program material when the film or license agreement is expected to be predominantly monetized with other films and/or license agreements instead of being predominantly monetized on its own. A film group represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other films and/or license agreements.\"><span>film group</span></a>, </span></span> <span class=\"sfragment\" id=\"sfr_DAE99954-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">shall be amortized based on the estimated number of future showings, except that licenses providing for unlimited showings of cartoons and programs with similar characteristics may be amortized over the period of the agreement because the estimated number of future showings may not be determinable. </span></span> </div> </div>","snippet":"The capitalized costs of license agreements for program material, including license agreements in a film group, shall be amortized based on the estimated number of future showings, except that licenses providing for unli…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f88a380cc73c886578c1d1782e053ad87f26b84cba398e4474d3c8218343de05","downloaded_from":"2026-09-10T00:04:01.297Z","last_downloaded_at":"2026-09-10T00:04:01.297Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477305","source_sha256":"98652032740c0387b3b289243442392c78c1320aa9328d2011b1ac0957b27544"}},{"citation":"350-920-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_DAE99A69-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Feature programs shall be amortized on a program-by-program basis; however, amortization as a package may be appropriate if it approximates the amortization that would have been provided on a program-by-program basis. Program series and other syndicated products shall be amortized as a series. If the first showing is more valuable to a station than reruns, an accelerated method of amortization shall be used. However, the straight-line amortization method may be used if each showing is expected to generate similar revenues. </span></span> </div> </div>","snippet":"Feature programs shall be amortized on a program-by-program basis; however, amortization as a package may be appropriate if it approximates the amortization that would have been provided on a program-by-program basis. Pr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8152fef5ff5ce8c6017c7de3d74fbe7b99e782473a1f5bd23411c8a6af906cff","downloaded_from":"2026-09-10T00:04:01.297Z","last_downloaded_at":"2026-09-10T00:04:01.297Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477305","source_sha256":"98652032740c0387b3b289243442392c78c1320aa9328d2011b1ac0957b27544"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c785f968ccda3b2762ab70a8640c4a27ab4cb0cb56c9e8b1ddcc779358f0b54","downloaded_from":"2026-09-10T00:04:01.297Z","last_downloaded_at":"2026-09-10T00:04:01.297Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477305","source_sha256":"98652032740c0387b3b289243442392c78c1320aa9328d2011b1ac0957b27544"}},{"block":null,"heading":"License Agreements for Program Material—Valuation","paragraphs":[{"citation":"350-920-35-2A","para":"35-2A","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_DAE99B60-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If a license agreement within the scope of this Subtopic is part of a film group (see paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/926/20/#926-20-35-3B\" class=\"xref\">926-20-35-3B through 35-3C</a></div>), it shall be reviewed for impairment in accordance with paragraphs <a href=\"/asc/926/20/#926-20-35-12\" class=\"xref\">926-20-35-12</a> and <a href=\"/asc/926/20/#926-20-35-12B\" class=\"xref\">926-20-35-12B</a>. If the license agreement is not part of a film group, it shall be reviewed for impairment in accordance with paragraph <a href=\"/asc/350/920/#350-920-35-3\" class=\"xref\">920-350-35-3</a>. </span></span> </div> </div>","snippet":"If a license agreement within the scope of this Subtopic is part of a film group (see paragraphs 926-20-35-3B through 35-3C), it shall be reviewed for impairment in accordance with paragraphs 926-20-35-12 and 926-20-35-1…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0aa9db26403c8a7609a78effb34a21886e3889afe0e76cb7ce37f6d04a6f8cb7","downloaded_from":"2026-09-10T00:04:01.297Z","last_downloaded_at":"2026-09-10T00:04:01.297Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477305","source_sha256":"98652032740c0387b3b289243442392c78c1320aa9328d2011b1ac0957b27544"}},{"citation":"350-920-35-3","para":"35-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_DAE99D59-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If management's expectations of the programming usefulness of a program, series, package, or <a href=\"/glossary/d/#daypart\" class=\"term\" title=\"An aggregation of programs broadcast during a particular time of day (for example, daytime, evening, late night) or programs of a similar type (for example, sports, news, children's shows). Broadcasters generally sell access to viewing audiences to advertisers on a daypart basis.\"><span>daypart</span></a> are revised downward, it may be necessary to </span></span> <span class=\"sfragment\" id=\"sfr_DAE99E7B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">write off to the income statement the amount by which the unamortized capitalized costs exceed fair value. A writeoff from unamortized cost to fair value </span></span> <span class=\"sfragment\" id=\"sfr_DAE99F8F-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">establishes a new cost basis.</span></span> </div> </div>","snippet":"If management's expectations of the programming usefulness of a program, series, package, or daypart are revised downward, it may be necessary to write off to the income statement the amount by which the unamortized capi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f64d15b27f5124c88d6ad61eb86acdf3356ef0a62b94eb1765665f1b658d32b","downloaded_from":"2026-09-10T00:04:01.297Z","last_downloaded_at":"2026-09-10T00:04:01.297Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477305","source_sha256":"98652032740c0387b3b289243442392c78c1320aa9328d2011b1ac0957b27544"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:57fbc072dc9e63d18549fb57b440568a4de6d251d124c7c407292e60beb1bc7c","downloaded_from":"2026-09-10T00:04:01.297Z","last_downloaded_at":"2026-09-10T00:04:01.297Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477305","source_sha256":"98652032740c0387b3b289243442392c78c1320aa9328d2011b1ac0957b27544"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:957929ed1f088e5aba572115f9e2cb49af063eadaf0c85c7daa8fa5fd4c32d0c","downloaded_from":"2026-09-10T00:04:01.297Z","last_downloaded_at":"2026-09-10T00:04:01.297Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477305","source_sha256":"98652032740c0387b3b289243442392c78c1320aa9328d2011b1ac0957b27544"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:957929ed1f088e5aba572115f9e2cb49af063eadaf0c85c7daa8fa5fd4c32d0c","downloaded_from":"2026-09-10T00:04:01.297Z","last_downloaded_at":"2026-09-10T00:04:01.297Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477305","source_sha256":"98652032740c0387b3b289243442392c78c1320aa9328d2011b1ac0957b27544"}}