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2.5 Subsequent accounting after an asset acquisition
Publication date: 22 Feb 2024
us PP&E and other assets guide
The subsequent accounting for an asset or liability is based on the nature of the asset or liability, not the manner of its acquisition. The basis for measuring the asset or liability, whether cost or fair value, has no impact on the accounting of the asset or liability after acquisition, as described in ASC 805-50-35-1.
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