Which of the following assets meets the identifiability criteria for recognition as an identifiable intangible asset that can be recorded as acquired in a business combination?
A) Royalty agreements.
B) Customer base.
C) Continuing development programs.
D) Strong and favourable supplier relations.

Question

Quizplus · Accepted Answer

Royalty agreements meet the identifiability criteria as they arise from contractual or legal rights and can be separated from the entity, making them recognizable as intangible assets in a business combination.

Which of the Following Assets Meets the Identifiability Criteria for Recognition