Witryna6.8.2 Indefinite-lived intangible assets—impairment testing Under US GAAP, an entity can choose to first assess qualitative factors in determining if further impairment testing is necessary. This option does not exist under IFRS. 6.8.3 Indefinite-lived intangible assets—impairment measurement Witryna30 wrz 2024 · US GAAP Comparison: Intangible assets valuation. Related topics Impairment of intangible assets Identifying an asset that may be impaired. IAS 36 …
6.3 Impairment of long-lived assets held for sale—general - PwC
Witryna6 gru 2024 · An intangible asset is a non-monetary asset with no physical substance, though it can still be sold, transferred, and licensed. Some examples of intangible assets include patents, franchises, intellectual property, copyrights, and software. In addition, while authoritative accounting guidance is still developing, cryptocurrency … Witrynaus IFRS & US GAAP guide 6.3. US GAAP and IFRS criteria are similar in determining when long-lived assets qualify for held-for-sale classification. Under both US GAAP and IFRS, long-lived assets held for sale should be measured at the lower of their carrying amount or fair value less cost to sell. However, differences could exist in what is ... sims team site
Goodwill vs. Other Intangible Assets: What
Witryna23 mar 2024 · IAS 36 ‘Impairment of Assets’ sets out the requirements to follow prior to concluding if and when an asset should be impaired. However, due to the complex nature of the Standard, the requirements of IAS 36 can be challenging to apply in practice. ... IAS 38 ‘Intangible Assets’ prohibits the recognition of internally … WitrynaImpairment of indefinite-lived intangible assets U.S. GAAP IFRS estimate the fair value of an indefinite-lived intangible asset if its qualitative assessment indicates it is more likely than not that the asset is impaired. If the estimate of fair value is needed, the fair value is determined and then compared to the carrying amount. Witryna23 mar 2024 · questions about whether various assets are impaired. • Affected entities will need to carefully evaluate whether to perform i nterim impairment tests for … r ct/2