Becker's ASC

Valuation of Intangible Assets Post-Acquisition

The following column is written by Andrew D. Galbraith, CFA, MBA, director with HealthCare Appraisers. Accounting Standard Codification 350 – Intangibles, Goodwill and Other Indefinite Lived Assets ...
Business Wire

Bakkt Announces Non-Cash Goodwill and Other Intangible Assets Impairment Charge

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) (the “Company” or “Bakkt”) announced that it completed its annual impairment testing of goodwill and other intangible assets as ...
The Wall Street Journal

FASB Finalizes Amendments on Testing Indefinite-lived Intangible Assets for Impairment

ASU 2012-02 states that indefinite-lived intangible assets “shall be tested for impairment annually and more frequently if events or changes in circumstances indicate that it is more likely than not ...
JD Supra

5 Questions To Consider in the COVID-19 Environment Around Goodwill & Asset Impairment Testing

Global and domestic financial markets are continuing to experience volatility related to the spread of the coronavirus (COVID-19) pandemic worldwide. As businesses assess the impact of COVID-19 on ...
Accounting Today

Cryptocurrency and digital asset accounting

Performing impairment tests on digital assets For impairment tests, it’s just following applicable guidance in ASC 350. In this case, that means looking at the asset’s fair value and comparing it to ...
Benzinga.com

Intangible Assets: Everything Investors Should Know

As businesses shift toward knowledge-based industries and digital innovation, intangible assets are becoming increasingly important in financial reporting, mergers and acquisitions, and overall ...