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Basic Question 0 of 6
If an intangible asset is acquired in a non-business-combination transaction, it should be ______.
B. capitalized
C. included as part of goodwill
A. expensed
B. capitalized
C. included as part of goodwill
User Contributed Comments 5
| User | Comment |
|---|---|
| Renaud1807 | US Gap=expensed, IFRS=goodwill, isnt it? |
| cong | Internally generatel intangible assets should be expensed (R&D is an exception) |
| DariSH | acquired is the main point here |
| rocyang | makes sense, what's the harm in cutting non-business acquisition some slack? (non-conservatism) |
| domedome | what is a non business combination transaction? |
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Learning Outcome Statements
describe implications for financial analysis of alternative financial reporting systems and the importance of monitoring developments in financial reporting standards
CFA® 2026 Level I Curriculum, Volume 2, Module 1.