# ASC 845-908: Nonmonetary Transactions — Airlines

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/845/908/)

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.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-10T02:00:03.974Z to 2026-09-10T02:00:11.325Z

Record version: sha256:b6994799b8471cf1e010e098f0befc4edbda4cbfdfd35920fcd4b45d0d9da788

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 845-908: Nonmonetary Transactions — Airlines

### Machine-generated study aids

```json
{
  "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"
  ]
}
```

Source downloaded (UTC): 2026-09-10T02:00:03.974Z to 2026-09-10T02:00:03.974Z

Record version: sha256:0cd8b3ab2a7c78121aa8c427abc06d34f94bfc1894ea31505e11daf16369e30c

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 845-908-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/845/908/#05-overview-and-background)

SEC content: no

##### [845-908-05-1](https://asc.understandingaccounting.org/asc/845/908/#845-908-05-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T02:00:03.974Z to 2026-09-10T02:00:03.974Z

Record version: sha256:c94ef635d10ed1e70b7d86311838fc4462fcc79445a5facb00cba84509b2eabb

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


This Subtopic provides accounting guidance for the exchange of take-off and landing slots for entities in the airline industry.

Source downloaded (UTC): 2026-09-10T02:00:08.019Z to 2026-09-10T02:00:08.019Z

Record version: sha256:0113c2eeb690d1847cb9c99288e06afdea78e425fb256c330c9d7d3a15fc8d7a

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 845-908-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/845/908/#15-scope-and-scope-exceptions)

SEC content: no

#### Overall Guidance

##### [845-908-15-1](https://asc.understandingaccounting.org/asc/845/908/#845-908-15-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T02:00:08.019Z to 2026-09-10T02:00:08.019Z

Record version: sha256:309e7f47aad0cd66e46b68efd8910e7f660244b15504923c2a10a103d273e373

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 908-10-15.

Source downloaded (UTC): 2026-09-10T02:00:11.325Z to 2026-09-10T02:00:11.325Z

Record version: sha256:c0db9f52de5b92a9e72ba0953c01ef74eb7bc8c9c2056d8dca5cac9a166508eb

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 845-908-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/845/908/#25-recognition)

SEC content: no

##### [845-908-25-1](https://asc.understandingaccounting.org/asc/845/908/#845-908-25-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T02:00:11.325Z to 2026-09-10T02:00:11.325Z

Record version: sha256:578efd4c7813299c33a8c5075865d6c498721d8d98ba35dbfc86dac9422e6931

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


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.