ASC

ASC 350-10

Overall

350 Intangibles—Goodwill and Other

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In brief

IntroductoryIntangibles and goodwillDerecognitionSubsequent measurementBusiness combinations

ASC 350-10 is the Overall subtopic that sets the scope and structure for the Intangibles—Goodwill and Other Topic. It governs the subsequent measurement, presentation, and disclosure of goodwill and other intangible assets (through Subtopics 350-20, 350-30, 350-40, 350-50, and 350-60), but expressly excludes accounting at acquisition for goodwill and intangibles acquired in a business combination, an NFP acquisition, or recognized by a joint venture upon formation. It also directs that derecognition of nonfinancial assets within the Topic follow Subtopic 610-20 or Topic 606, as applicable.

Key points (7)
  • Topic 350 provides guidance on accounting and reporting for goodwill and other intangible assets, including their subsequent measurement, but not the accounting at acquisition in a business combination, NFP acquisition, or joint venture formation (350-10-05-1).
  • Topic 350 comprises Overall (350-10), Goodwill (350-20), General Intangibles Other Than Goodwill (350-30), Internal-Use Software (350-40), Website Development Costs (350-50), and Crypto Assets (350-60) (350-10-05-3).
  • Acquisition-date guidance instead resides in Subtopic 805-20 (intangibles), 805-30 (goodwill), 958-805 (NFP acquisitions), and 805-60 (joint venture formation) (350-10-05-3A; 350-10-15-3).
  • The Topic applies to all entities—business entities, mutual entities, and not-for-profit entities (350-10-15-2).
  • Topic 350 does not change accounting prescribed elsewhere, including research and development costs (730-10), extractive activities (932), broadcasters and records and music (920, 928), financial services (950), regulated operations (980-350-35-1 through 35-2), software (985), income taxes (740), and transfers and servicing (860) (350-10-15-4).
  • Derecognition of a nonfinancial asset (including an in substance nonfinancial asset) within the Topic follows Subtopic 610-20 unless a scope exception applies; a derecognition in a contract with a customer follows Topic 606 (350-10-40-1), and derecognition of a subsidiary or a group of assets that is a business or nonprofit activity follows Subtopic 810-10 (350-10-40-2).
  • If a transfer contract does not meet all criteria in 606-10-25-1, the entity does not derecognize the asset and must continue to report it, amortize finite-lived assets, apply Section 350-30-35 impairment guidance, and remeasure crypto assets under 350-60 until the criteria are met (350-10-40-3).

For students. Know the dividing line: Topic 805 handles goodwill and intangibles at acquisition, while Topic 350 takes over afterward for amortization, impairment, and disclosure. A common mistake is looking to 350 for initial recognition of intangibles acquired in a business combination, or forgetting that asset sales are routed to 610-20/606 rather than to 350 itself.

goodwillintangible assetssubsequent measurementscope exceptionsderecognition of nonfinancial assetsin substance nonfinancial assetinternal-use softwarecrypto assets

Machine-generated study aid for ASC 350-10. Check the source paragraphs below.

350-10-00Status

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350-10-00-1
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
AcquirerAmendedAccounting Standards Update No. 2025-0305/12/2025
Acquisition by a Not-for-Profit EntityAddedAccounting Standards Update No. 2010-0701/28/2010
BusinessAmendedAccounting Standards Update No. 2017-0101/05/2017
Conduit Debt SecurityAddedMaintenance Update 2014-20 (PDF)09/29/2014
ContractAddedAccounting Standards Update No. 2014-0905/28/2014
Corporate Joint VentureAddedAccounting Standards Update No. 2023-0508/23/2023
CustomerAddedAccounting Standards Update No. 2014-0905/28/2014
Environmental CreditAddedAccounting Standards Update No. 2026-0205/19/2026
Environmental Credit ObligationAddedAccounting Standards Update No. 2026-0205/19/2026
ExchangeAddedAccounting Standards Update No. 2026-0205/19/2026
Financial AssetAddedAccounting Standards Update No. 2026-0205/19/2026
GoodwillAmendedAccounting Standards Update No. 2023-0508/23/2023
GoodwillAmendedAccounting Standards Update No. 2010-0701/28/2010
Hosting ArrangementAddedAccounting Standards Update No. 2018-1508/29/2018
Income TaxesAddedAccounting Standards Update No. 2026-0205/19/2026
Joint VentureAddedAccounting Standards Update No. 2023-0508/23/2023
Nonprofit ActivityAddedAccounting Standards Update No. 2014-0905/28/2014
Nonpublic Entity (Def. 1)AmendedMaintenance Update 2014-20 (PDF)09/29/2014
Nonpublic Entity (Def. 3)AmendedMaintenance Update 2014-20 (PDF)09/29/2014
Nonpublic EntityAddedAccounting Standards Update No. 2010-2812/17/2010
Nonreciprocal Transfer (1st def.)AddedAccounting Standards Update No. 2026-0205/19/2026
Public EntityAmendedMaintenance Update 2014-20 (PDF)09/29/2014
Public EntityAddedAccounting Standards Update No. 2010-2812/17/2010
Variable Interest EntitySupersededAccounting Standards Update No. 2025-0305/12/2025
350-10-05-1AmendedAccounting Standards Update No. 2023-0508/23/2023
350-10-05-1AmendedAccounting Standards Update No. 2017-0401/26/2017
350-10-05-1AmendedAccounting Standards Update No. 2010-0701/28/2010
350-10-05-2SupersededAccounting Standards Update No. 2017-0401/26/2017
350-10-05-3AmendedAccounting Standards Update No. 2023-0812/13/2023
350-10-05-3AmendedAccounting Standards Update No. 2023-0508/23/2023
350-10-05-3AmendedAccounting Standards Update No. 2018-1508/29/2018
350-10-05-3AmendedAccounting Standards Update No. 2017-0401/26/2017
350-10-05-3AAmendedAccounting Standards Update No. 2023-0508/23/2023
350-10-05-3AAddedAccounting Standards Update No. 2017-0401/26/2017
350-10-05-4 through 05-7
SupersededAccounting Standards Update No. 2017-0401/26/2017
350-10-05-5AmendedAccounting Standards Update No. 2010-0701/28/2010
350-10-15-3AmendedAccounting Standards Update No. 2026-0205/19/2026
350-10-15-3AmendedAccounting Standards Update No. 2023-0508/23/2023
350-10-15-3AmendedAccounting Standards Update No. 2010-0701/28/2010
350-10-40-1AmendedAccounting Standards Update No. 2017-0502/22/2017
350-10-40-1 through 40-4
AddedAccounting Standards Update No. 2014-0905/28/2014
350-10-40-2AmendedAccounting Standards Update No. 2017-0502/22/2017
350-10-40-3AmendedAccounting Standards Update No. 2023-0812/13/2023
350-10-60-1AddedAccounting Standards Update No. 2014-0905/28/2014
350-10-65-1AddedAccounting Standards Update No. 2010-0701/28/2010
350-10-65-2AddedAccounting Standards Update No. 2010-2812/17/2010

350-10-05Overview and Background

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350-10-05-1
The Intangibles—Goodwill and Other Topic provides guidance on financial accounting and reporting related to goodwill and other intangible assets, including the subsequent measurement of goodwill and intangible assets. It does not include guidance on the accounting at acquisition for goodwill and intangible assets acquired in a business combination or in an acquisition by a not-for-profit entity. It also does not include guidance on the accounting upon formation for goodwill and intangible assets recognized by a joint venture.
  1. a
    Subparagraph superseded by Accounting Standards Update No. 2017-04.
  2. b
    Subparagraph superseded by Accounting Standards Update No. 2017-04.
  3. c
    Subparagraph superseded by Accounting Standards Update No. 2017-04.
350-10-05-3
This Topic includes the following Subtopics:
  1. a
    Overall.
  2. b
    Goodwill—Subtopic 350-20 provides guidance on the measurement of goodwill after acquisition, derecognition of some or all of goodwill allocated to a reporting unit, other presentation matters, and disclosures.
  3. c
    General Intangibles Other Than Goodwill—Subtopic 350-30 provides guidance on the initial recognition and measurement of intangible assets other than goodwill that are either:
    1. 1
      Acquired individually or with a group of assets in a transaction that is not a business combination, an acquisition by a not-for-profit entity, or a joint venture formation
    2. 2
      Internally generated.
  4. d
    Internal-Use Software—Subtopic 350-40 provides guidance on the accounting for the cost of computer software that is developed or obtained for internal use and hosting arrangements obtained for internal use.
  5. e
    Website Development Costs—Subtopic 350-50 provides guidance on whether to capitalize or expense costs incurred to develop a website.
  6. f
    Crypto Assets—Subtopic 350-60 provides guidance on the subsequent measurement, presentation, and disclosure of crypto assets.
350-10-05-3A
Guidance for the financial accounting and reporting at acquisition of goodwill and other intangible assets acquired in a business combination, acquired in an acquisition by a not-for-profit entity, or recognized by a joint venture upon formation is provided in the following Subtopics:
  1. a
    Subtopic 805-20 provides acquisition guidance for intangible assets acquired in a business combination or in an acquisition by a not-for-profit entity.
  2. b
    Subtopic 805-30 provides guidance on recognition and initial measurement of goodwill acquired in a business combination.
  3. c
    Subtopic 958-805 provides guidance on recognition and initial measurement of goodwill acquired in an acquisition by a not-for-profit entity.
  4. d
    Subtopic 805-60 provides guidance for a joint venture upon formation on recognition and initial measurement of goodwill and other intangible assets.

350-10-15Scope and Scope Exceptions

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Overall Guidance

350-10-15-1
The Scope Section of the Overall Subtopic establishes the pervasive scope for all Subtopics of the Intangibles—Goodwill and Other Topic. Unless explicitly addressed within specific Subtopics, the following scope guidance applies to all Subtopics of the Intangibles—Goodwill and Other Topic.

Entities

350-10-15-2
The guidance in the Intangibles—Goodwill and Other Topic applies to all entities, including business entities, mutual entities, and not-for-profit entities (NFPs).

Transactions

350-10-15-3
The guidance in the Intangibles—Goodwill and Other Topic does not apply to the following transactions and activities:
  1. a
    The accounting at acquisition for goodwill acquired in a business combination (for guidance see Subtopic 805-30)
  2. b
    Subparagraph not used.
  3. c
    The accounting at acquisition for goodwill acquired in an acquisition by a not-for-profit entity (for guidance see Subtopic 958-805)
  4. d
    The accounting at acquisition for intangible assets (other than goodwill) acquired in a business combination or in an acquisition by a not-for-profit entity (for guidance see Subtopics 805-20 and 958-805)
  5. e
    The accounting upon formation for intangible assets and goodwill recognized by a joint venture (for guidance see Subtopic 805-60).
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
818-10-65-1The guidance in the Intangibles—Goodwill and Other Topic does not apply to the following transactions and activities:
  1. a
    The accounting at acquisition for goodwill acquired in a business combination (for guidance see Subtopic 805-30)
  2. b
    Subparagraph not used.
  3. c
    The accounting at acquisition for goodwill acquired in an acquisition by a not-for-profit entity (for guidance see Subtopic 958-805)
  4. d
    The accounting at acquisition for intangible assets (other than goodwill) acquired in a business combination or in an acquisition by a not-for-profit entity (for guidance see Subtopics 805-20 and 958-805)
  5. e
    The accounting upon formation for intangible assets and goodwill recognized by a joint venture (for guidance see Subtopic 805-60)
  6. f
    The accounting for environmental credits (for guidance see Subtopic 818-20).

Other Considerations

350-10-15-4
The guidance in the Intangibles—Goodwill and Other Topic does not change the accounting prescribed in the following locations in the Codification:
  1. a
    Research and development costs under Subtopic 730-10
  2. b
    Extractive activities under Topic 932
  3. c
    Entertainment and media, including records and music under Topic 928
  4. d
    Financial services industry under Topic 950
  5. e
    Entertainment and media, including broadcasters under Topic 920
  6. f
    Regulatory operations under paragraphs
    980-350-35-1 through 35-2
  7. g
    Subparagraph not used.
  8. h
    Software under Topic 985
  9. i
    Income taxes under Topic 740
  10. j
    Transfers and servicing under Topic 860.
  11. k
    Subparagraph not used.

350-10-40Derecognition

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Transfer or Sale of Intangible Assets

350-10-40-1
An entity shall account for the derecognition of a nonfinancial asset, including an in substance nonfinancial asset, within the scope of this Topic in accordance with Subtopic 610-20 on gains and losses from the derecognition of nonfinancial assets, unless a scope exception from Subtopic 610-20 applies. For example, the derecognition of a nonfinancial asset in a contract with a customer shall be accounted for in accordance with Topic 606 on revenue from contracts with customers.
350-10-40-2
An entity shall account for the derecognition of a subsidiary or a group of assets that is either a business or nonprofit activity in accordance with the derecognition guidance in Subtopic 810-10.
350-10-40-3
If an entity transfers a nonfinancial asset in accordance with paragraph 350-10-40-1, and the contract does not meet all of the criteria in paragraph 606-10-25-1, the entity shall not derecognize the nonfinancial asset and shall follow the guidance in paragraphs
606-10-25-6 through 25-8
to determine if and when the contract subsequently meets all of the criteria in paragraph 606-10-25-1. Until all of the criteria in paragraph 606-10-25-1 are met, the entity shall continue to do any of the following, as applicable:
  1. a
    Report the nonfinancial asset in its financial statements
  2. b
    Recognize amortization expense as a period cost for those assets with a finite life
  3. c
    Apply the impairment guidance in Section 350-30-35
  4. d
    For crypto assets accounted for in accordance with Subtopic 350-60, recognize gains and losses from remeasurement.
350-10-40-4
Additionally, see the derecognition guidance in Section 350-20-40 regarding the disposal of all or a portion of a reporting unit.

350-10-60Relationships

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350-10-60-1
For guidance on recognizing an impairment loss on barter credits, see paragraph 845-10-30-19.

350-10-65Transition and Open Effective Date Information

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350-10-65-1
Paragraph superseded on 06/20/2011 after the end of the transition period stated in FASB Statement No. 164, Not-for-Profit Entities: Mergers and Acquisitions.
350-10-65-2
Paragraph superseded on 06/17/2013 after the end of the transition period stated in Accounting Standards Update No. 2010-28, Intangibles—Goodwill and Other (Topic 350): When to Perform Step 2 of the Goodwill Impairment Test for Reporting Units with Zero or Negative Carrying Amounts.

350-10-S00StatusSEC

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350-10-S00-1
No updates have been made to this subtopic.

350-10-S35Subsequent MeasurementSEC

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Recognition and Measurement of an Impairment Loss

350-10-S35-1
See paragraph 805-20-S99-3, SEC Staff Announcement: Use of Residual Method to Value Acquired Assets Other Than Goodwill, for SEC Staff views on the impairment testing of intangible assets.

350-10-S45Other Presentation MattersSEC

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Presentation of Intangible Assets

350-10-S45-1
See paragraph 210-10-S99-1, Regulation S-X Rule 5-02, for presentation requirements for intangible assets.

Related subtopics