Intangible assets other than goodwill are recognized as assets apart from goodwill in a business combination only if the intangibles (1) arise from a contractual or legal right or (2) do not arise from a contractual or legal right but are separable.

Question

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Intangible assets other than goodwill are recognized as assets in a business combination if they either arise from contractual or legal rights or are separable, meaning they can be separated or divided from the entity and sold, transferred, licensed, rented, or exchanged.

Intangible Assets Other Than Goodwill Are Recognized as Assets Apart