• FASB ASC 94Disclosure of Depreciation

The FASB ASC requires the disclosure of certain information pertaining to depreciation. Search the FASB ASC to find these requirements. Cite the appropriate paragraphs and summarize your finding.

• FASB ASC 95Overhaul Costs in the Airline Industry

Overhaul costs are a significant aspect of accounting for property, plant, and equipment in the airline industry. Search the FASB ASC to find a definition of overhaul cost in the airline industry. What two methods of accounting for overhaul cost are defined in the FASB ASC? Be sure to cite the appropriate FASB ASC paragraphs.