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4.1 Overview: intangible assets acquired in a business combination
Publication date: 30 Sep 2020
us Business combinations guide 4.1
An essential part of the acquisition method is the recognition and measurement of identifiable intangible assets, separate from goodwill, at fair value. This chapter discusses the criteria for recognizing intangible assets in a business combination and covers some of the challenges that reporting entities face in recognizing and measuring intangible assets. See FV 7.3.4 for further discussion on the valuation of intangible assets acquired in a business combination.
If the acquired intangible assets meet the held-for-sale criteria in ASC 360-10, Property, Plant and Equipment, they are an exception to the fair value measurement principle (i.e., measured at fair value less cost to sell). Refer to BCG 2.5.8 for further information.
For guidance on the accounting for intangible assets acquired in an asset acquisition, refer to PPE 2.
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