24   ASC 350 INTANGIBLES—GOODWILL AND OTHER

Perspective and Issues

Subtopics

Scope Exceptions

Issues

Technical Alerts

Definitions of Terms

Concepts, Rules, and Examples

Goodwill (ASC 350-20)

Amortization and impairment testing

Determining the fair value of a reporting unit

Measuring Fair Value

Recognition of impairment loss

Example of the goodwill impairment test

Other goodwill considerations

Presentation

General Intangibles Other Than Goodwill (ASC 350-30)

Determining the useful of life of intangible assets

Amortization of intangible assets

Indefinite-Lived Intangible Assets

Quantitative impairment test for indefinite-lived intangible asset

Recognition of impairment loss for indefinite-lived intangible asset

Presentation

Software Developed for Internal Use (ASC 350-40)

Costs subject to capitalization

Impairment

Amortization

Internal-use software subsequently marketed

Example of software developed for internal use

Website Development Costs (ASC350-50)

PERSPECTIVE AND ISSUES

Subtopics

ASC 350, Intangibles—Goodwill and Other, consists of five subtopics:

  • ASC 350-10, Overall, which provides guidance for accounting and reporting on intangible assets
  • ASC 350-20, Goodwill, which provides guidance on accounting for goodwill subsequent to acquisition and for the cost of internally developed goodwill
  • ASC 350-30, General Intangibles Other Than Goodwill, which provides guidance on accounting and reporting for intangible assets other than goodwill acquired individually or with a group of other ...

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