{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/845/908/","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.","number":"845-908","topic":"845","title":"Airlines","area":"Broad Transactions","paragraphs":3,"summary":"This Subtopic addresses how airlines account for exchanges of take-off and landing slots. Slots received in an exchange with another airline are nonmonetary assets and must be recorded under the general nonmonetary transaction guidance in Topic 845 (845-908-25-1), with related intangible asset guidance in Subtopic 908-350. Its scope is the same as the airline industry Overall Subtopic scope in Section 908-10-15.","concepts":["take-off and landing slots","nonmonetary asset","nonmonetary exchange","airline industry","exchange of similar assets","intangible assets"],"categories":["Recognition","Initial measurement","Intangibles and goodwill","Industry-specific"],"level":"intermediate","topic_title":"Nonmonetary Transactions","sections":[{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"845-908-05-1","para":"05-1","html":"
This Subtopic provides accounting guidance for the exchange of take-off and landing slots for entities in the airline industry.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 908-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 908-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:309e7f47aad0cd66e46b68efd8910e7f660244b15504923c2a10a103d273e373","downloaded_from":"2026-09-10T02:00:08.019Z","last_downloaded_at":"2026-09-10T02:00:08.019Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477575","source_sha256":"951f9f448f5f985ee815db45e4aba3d62d498d6154ebde7d5ba9e008201d3f83"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3ac73d6a30c84caf6732e5d36e8888e34b263bba4f5a188c75b7076b411eecdd","downloaded_from":"2026-09-10T02:00:08.019Z","last_downloaded_at":"2026-09-10T02:00:08.019Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477575","source_sha256":"951f9f448f5f985ee815db45e4aba3d62d498d6154ebde7d5ba9e008201d3f83"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0113c2eeb690d1847cb9c99288e06afdea78e425fb256c330c9d7d3a15fc8d7a","downloaded_from":"2026-09-10T02:00:08.019Z","last_downloaded_at":"2026-09-10T02:00:08.019Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477575","source_sha256":"951f9f448f5f985ee815db45e4aba3d62d498d6154ebde7d5ba9e008201d3f83"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"845-908-25-1","para":"25-1","html":"
When an airline exchanges take-off or landing slots with another airline, the slots acquired in the exchange are nonmonetary assets that shall be recorded in conformity with Topic 845. See also Subtopic 908-350.
","snippet":"When an airline exchanges take-off or landing slots with another airline, the slots acquired in the exchange are nonmonetary assets that shall be recorded in conformity with Topic 845. See also Subtopic 908-350.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:578efd4c7813299c33a8c5075865d6c498721d8d98ba35dbfc86dac9422e6931","downloaded_from":"2026-09-10T02:00:11.325Z","last_downloaded_at":"2026-09-10T02:00:11.325Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478551","source_sha256":"62d053f945333d13f0dfab7914dc5a8770156175bcf5f7899d5c2515a0955432"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0c0fa02b4d9d830be9cc15931360b117836da88e480a938e139fa1e4b8fe992d","downloaded_from":"2026-09-10T02:00:11.325Z","last_downloaded_at":"2026-09-10T02:00:11.325Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478551","source_sha256":"62d053f945333d13f0dfab7914dc5a8770156175bcf5f7899d5c2515a0955432"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c0db9f52de5b92a9e72ba0953c01ef74eb7bc8c9c2056d8dca5cac9a166508eb","downloaded_from":"2026-09-10T02:00:11.325Z","last_downloaded_at":"2026-09-10T02:00:11.325Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478551","source_sha256":"62d053f945333d13f0dfab7914dc5a8770156175bcf5f7899d5c2515a0955432"}}],"enrichment":{"summary":"This Subtopic addresses how airlines account for exchanges of take-off and landing slots. Slots received in an exchange with another airline are nonmonetary assets and must be recorded under the general nonmonetary transaction guidance in Topic 845 (845-908-25-1), with related intangible asset guidance in Subtopic 908-350. Its scope is the same as the airline industry Overall Subtopic scope in Section 908-10-15.","key_points":["The Subtopic provides accounting guidance for the exchange of take-off and landing slots by entities in the airline industry (845-908-05-1).","Scope follows the airline industry Overall Subtopic, Section 908-10-15 (845-908-15-1).","Take-off and landing slots acquired in an exchange with another airline are nonmonetary assets (845-908-25-1).","Slots acquired in such exchanges shall be recorded in conformity with Topic 845, the general nonmonetary transactions guidance (845-908-25-1).","Subtopic 908-350 provides related guidance on airline intangible assets such as slots (845-908-25-1)."],"categories":["Recognition","Initial measurement","Intangibles and goodwill","Industry-specific"],"audience_level":"intermediate","student_note":"A short, cross-reference-heavy Subtopic: the only real rule is that airport slots swapped between airlines are nonmonetary assets governed by Topic 845, so you must go to 845-10 to decide whether the exchange has commercial substance (fair value) or is recorded at carrying amount. Students often assume slot swaps are simply recorded at fair value; the general 845 exceptions still apply.","related_topics":["845-10","908-10","908-350","350-30","805"],"key_concepts":["take-off and landing slots","nonmonetary asset","nonmonetary exchange","airline industry","exchange of similar assets","intangible assets"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d238e1409daa90bb72527cc37d18359a1a49765f795cd4d7b0995fcd59ec3cdc","downloaded_from":"2026-09-10T02:00:03.974Z","last_downloaded_at":"2026-09-10T02:00:11.325Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"350-908","title":"Airlines","topic_title":"Intangibles—Goodwill and 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timestamps"}},{"number":"845-10","title":"Overall","topic_title":"Nonmonetary Transactions","score":0.6246,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64c1f81e489eac5d31d2a81c6c09087b73920f4f749c1309299bcde2da5d40cb","downloaded_from":"2026-09-10T01:59:22.320Z","last_downloaded_at":"2026-09-10T01:59:59.992Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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