Which of the following assets is regarded as meeting the identifiability criteria for recognition as an identifiable intangible asset that may be acquired in a business combination:
A) Customer service capability.
B) Newspaper mastheads.
C) Favourable government relations.
D) Presence in geographic locations.

Question

Quizplus · Accepted Answer

Newspaper mastheads can meet the identifiability criteria for recognition as an identifiable intangible asset that may be acquired in a business combination. Mastheads are identifiable because they are separately identified and can be sold or licensed independently. In contrast, customer service capability, favourable government relations, and presence in geographic locations are not considered identifiable intangible assets as they are not separable or independent from the business.

Which of the Following Assets Is Regarded as Meeting the Identifiability