_____ In a business combination, intangible assets other than goodwill must be capitalized as assets apart from goodwill only if they
A) Arise out of contractual or legal rights.
B) Are separable.
C) Arise out of contractual or legal rights or do not arise out of contractual or legal rights but are separable.
D) Have indefinite lives and are separable.
E) None of the above.

Question

Quizplus · Accepted Answer

Intangible assets, other than goodwill, must be recognized separately from goodwill in a business combination if they arise from contractual or legal rights, or if they do not have such rights but are separable, meaning they can be separated or divided from the entity and sold, transferred, licensed, rented, or exchanged.

_____ in a Business Combination, Intangible Assets Other Than Goodwill