Intangible Asset
Found 6 free book(s)
The Valuation of Trademark-Related Intangible Property
www.willamette.comtion date. Identifiable intangible assets are recognized separately if they arise from contractual or other legal rights or if they are separable (i.e., capable of being sold, transferred, licensed, rented, or exchanged separately from the entity). A trademark is recognized on a reporting com-pany’s balance sheet as an intangible asset separate
Getting Merger and Acquisition Accounting Right
www.mossadams.comintangible assets that it did not intend to actively use, regardless of whether another acquirer might have continued to actively use them. Howe ver, after the effective date of Stat ement 141(R), an intangible asset must be recognized at fair value in accord ance with Statement 157, regardless of how the entity intends to use that asset.”
LB&I Concept Unit
www.irs.govidentifying intangible income, the GILTI provisions approximate the intangible income of a CFC by assuming a 10% rate of return on the tangible assets of the CFC, and any income in excess of that “normal return” on assets is effectively treated as intangible income.
Part I Section 1221.-- Capital Asset Defined
www.irs.govSince an amortizable section 197 intangible, including a franchise, is property of a character subject to an allowance for depreciation under § 167, it is not a capital asset for purposes of ' 1221. However, if an amortizable section 197 intangible is used in a trade or business and held for more than one year, gain or loss on its sale or exchange
Intangible Assets in a Business Combination
www.grantthornton.globalDefinition of an asset (Conceptual Framework paragraph 4.4(a)) An asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity. In addition, an intangible asset other than goodwill is defined as “an identifiable non-monetary asset without
GUIDANCE NOTE ON AUDIT OF PROPERTY, PLANT & …
www.in.kpmg.com7. An asset can be classified as a PPE or otherwise, depending upon the use to which it is put or intended to be put. For example, assets which are classified as PPE in one type of business may be considered as current assets in another. Similarly, the same asset may be classified differently in an entity at different points of time.