Read the Accounting Policies note to a set of published accounts for a listed airline.
Different GAAPs will result in different treatments - I believe IFRS permits capitalisation of individual items, but not sure how much more granularity airlines typically go beyond airframe and engines.
|Quoting faro (Thread starter):|
Conceivably, components have different useful lives which should be reflected in their rate of depreciation.
Not really, that's why you expense maintenance that brings the capital item back up to its original condition.
eu nasci ha dez mil anos atras, e nao tem nada nesse mundo que eu nao saiba demais