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Basic Question 1 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? |
Your review questions and global ranking system were so helpful.
Lina
Learning Outcome Statements
compare the financial reporting of the following types of intangible assets: purchased, internally developed, and acquired in a business combination
CFA® 2026 Level I Curriculum, Volume 2, Module 7.