# ASC 360-908-40: Property, Plant, and Equipment — Airlines — 40 Derecognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/360/908/#40-derecognition)

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## ASC 360-908-40: 40 Derecognition

[Read section](https://asc.understandingaccounting.org/asc/360/908/#40-derecognition)

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#### Airframe Modifications

##### [360-908-40-1](https://asc.understandingaccounting.org/asc/360/908/#360-908-40-1)

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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 of the cost of the replaced asset; therefore, estimates may be required.