There are no specific disclosures required by ASC 805-50 for acquisitions of assets that do not meet the definition of a business. However, reporting entities should follow the disclosure requirements in accordance with other US GAAP based on the nature of the assets acquired or liabilities assumed (e.g., ASC 350 for intangible assets, ASC 845 for nonmonetary transactions, ASC 450 for contingencies). See PwC’s Financial Statement Presentation guide for further information.
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