# ASC 350-920-40: Intangibles—Goodwill and Other — Entertainment—Broadcasters — 40 Derecognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/350/920/#40-derecognition)

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## ASC 350-920-40: 40 Derecognition

[Read section](https://asc.understandingaccounting.org/asc/350/920/#40-derecognition)

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#### Termination of a Network Affiliation Agreement

##### [350-920-40-1](https://asc.understandingaccounting.org/asc/350/920/#350-920-40-1)

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If a [network affiliation agreement](https://asc.understandingaccounting.org/glossary/n/#network-affiliation-agreement "A broadcaster may be affiliated with a network under a network affiliation agreement. Under the agreement, the station receives compensation for the network programming that it carries based on a formula designed to compensate the station for advertising sold on a network basis and included in network programming. Program costs, a major expense of television stations, are generally lower for a network affiliate than for an independent station because an affiliate does not incur program costs for network programs.") is terminated and not immediately replaced or under agreement to be replaced, the unamortized balance of the amount originally allocated to the network affiliation agreement shall be charged to expense. If a network affiliation is terminated and immediately replaced or under agreement to be replaced, a loss shall be recognized to the extent that the unamortized cost of the terminated affiliation exceeds the fair value of the new affiliation. Gain shall not be recognized if the fair value of the new network affiliation exceeds the unamortized cost of the terminated affiliation.