Question
How are indefinite-lived intangibles tested for impairment?
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Answer
By comparing carrying amount to fair value.
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Question
How are intangibles acquired in a business combination initially measured?
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Answer
At fair value under ASC 805.
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Question
Why are internally developed intangibles usually expensed as incurred?
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Answer
Their future benefit is too uncertain.
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Question
How are leasehold improvements amortized?
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Answer
Over the shorter of useful life or lease term.
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