The following information shall be disclosed in the financial statements or the notes to financial statements for each period for which a statement of financial position is presented: For intangible assets with renewal or extension terms, the weighted-average period before the next renewal or extension (both explicit and implicit), by major intangible asset class.The amount of research and development assets acquired in a transaction other than a business combination or an acquisition by a not-for-profit entity and written off in the period and the line item in the income statement in which the amounts written off are aggregated. For intangible assets not subject to amortization, the total amount assigned and the amount assigned to any major intangible asset class.The weighted-average amortization period, in total and by major intangible asset class.The amount of any significant residual value, in total and by major intangible asset class.The total amount assigned and the amount assigned to any major intangible asset class.For intangible assets subject to amortization, all of the following:.Transfers and servicing of financial assetsįor intangible assets acquired either individually or as part of a group of assets (in either an asset acquisition, a business combination, or an acquisition by a not-for-profit entity), all of the following information shall be disclosed in the notes to financial statements in the period of acquisition: Revenue from contracts with customers (ASC 606) Loans and investments (post ASU 2016-13 and ASC 326) Investments in debt and equity securities (pre ASU 2016-13) Insurance contracts for insurance entities (pre ASU 2018-12) Insurance contracts for insurance entities (post ASU 2018-12) IFRS and US GAAP: Similarities and differences Business combinations and noncontrolling interestsĮquity method investments and joint ventures
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