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4.1 Overview: intangible assets acquired in a business combination
Publication date: 15 Jun 2023
us Business combinations guide
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.
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- The accounting for finite-lived intangible assets, including how to determine their useful lives and methods of amortization, is included in PPE 4. How to assess, calculate, and record impairments on finite-lived intangible assets is included in PPE 5.
- Further discussion on the valuation of intangible assets acquired in a business combination is included in FV 7.3.4.
- Presentation and disclosure guidance related to finite-lived intangible assets is included in FSP 8.8. Additionally, for private companies, see FSP 8.10.3.2.
- 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.
- Guidance on the accounting for intangible assets acquired in an asset acquisition is in PPE 2.
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