{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/360/908/#40-derecognition","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":"360","topic_title":"Property, Plant, and Equipment","subtopic":"360-908","subtopic_title":"Airlines","section":{"number":"40","label":"40 Derecognition","anchor":"40-derecognition","is_sec":false,"groups":[{"block":null,"heading":"Airframe Modifications","paragraphs":[{"citation":"360-908-40-1","para":"40-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_183A33BA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The cost of the replaced asset net of accumulated depreciation and anticipated recovery value shall be charged to income in the current period. </span></span><span class=\"sfragment\" id=\"sfr_183A3506-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> However, detailed records may often be inadequate to permit identification of the cost of the replaced asset; therefore, estimates may be required. </span></span></div></div>","snippet":"The cost of the replaced asset net of accumulated depreciation and anticipated recovery value shall be charged to income in the current period. However, detailed records may often be inadequate to permit identification o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef45aca776909ef359c7a8866f8e3f4661461089de2beb9ab49aa3cbc8c01b51","downloaded_from":"2026-09-10T00:07:51.909Z","last_downloaded_at":"2026-09-10T00:07:51.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477416","source_sha256":"f23e1e529b911d0e12bea8d172327c65a13261e1c081e53f53e357bc6de5bc91"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9f51f22f86331ddbab8e7a12858684b32b0732169e00ad2fa55cfaa8bf02289b","downloaded_from":"2026-09-10T00:07:51.909Z","last_downloaded_at":"2026-09-10T00:07:51.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477416","source_sha256":"f23e1e529b911d0e12bea8d172327c65a13261e1c081e53f53e357bc6de5bc91"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ace88a9c79cea5da6e5f360adc46e62494486565720a4993d8bd399006cc07e5","downloaded_from":"2026-09-10T00:07:51.909Z","last_downloaded_at":"2026-09-10T00:07:51.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477416","source_sha256":"f23e1e529b911d0e12bea8d172327c65a13261e1c081e53f53e357bc6de5bc91"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ace88a9c79cea5da6e5f360adc46e62494486565720a4993d8bd399006cc07e5","downloaded_from":"2026-09-10T00:07:51.909Z","last_downloaded_at":"2026-09-10T00:07:51.909Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477416","source_sha256":"f23e1e529b911d0e12bea8d172327c65a13261e1c081e53f53e357bc6de5bc91"}}