# ASC 350-10: Intangibles—Goodwill and Other — Overall Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/350/10/) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:00:08.118Z to 2026-09-10T00:00:36.319Z Record version: sha256:44c0f994bb8cde6a2f7ac25a88b127f33533f6d946354cf62724c2004c24b53d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-10: Intangibles—Goodwill and Other — Overall ### Machine-generated study aids ```json { "summary": "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": [ "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)." ], "categories": [ "Intangibles and goodwill", "Derecognition", "Subsequent measurement", "Business combinations" ], "audience_level": "introductory", "student_note": "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.", "related_topics": [ "350-20", "350-30", "350-40", "350-60", "805-20", "610-20" ], "key_concepts": [ "goodwill", "intangible assets", "subsequent measurement", "scope exceptions", "derecognition of nonfinancial assets", "in substance nonfinancial asset", "internal-use software", "crypto assets" ] } ``` Source downloaded (UTC): 2026-09-10T00:00:08.118Z to 2026-09-10T00:00:08.118Z Record version: sha256:d8d2fba3db1e3e28a07f6889700849eb8eab0e7db767167257534d6dcc66ebd6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-10-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/350/10/#00-status) SEC content: no ##### [350-10-00-1](https://asc.understandingaccounting.org/asc/350/10/#350-10-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:08.118Z to 2026-09-10T00:00:08.118Z Record version: sha256:be132afabadcbf23638f3a12dba28f390fb405d791ccff40560492f7be92be79 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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
Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:e4cda65bbc648f15377a40010a404020453c9886aea6340a23d3d6b1ff1d5ea0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/350/10/#05-overview-and-background) SEC content: no ##### [350-10-05-1](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:230050d5b6ca2cf811b6d5ef968814a8aa6e4d160bf128a50ad88edd500a2e67 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Intangibles—Goodwill and Other Topic provides guidance on financial accounting and reporting related to [goodwill](https://asc.understandingaccounting.org/glossary/g/#goodwill "An asset representing the future economic benefits arising from other assets acquired in a business combination, acquired in an acquisition by a not-for-profit entity, or recognized by a joint venture upon formation that are not individually identified and separately recognized. For ease of reference, this term also includes the immediate charge recognized by not-for-profit entities in accordance with paragraph 958-805-25-29.") and other [intangible assets](https://asc.understandingaccounting.org/glossary/i/#intangible-assets "Assets (not including financial assets) that lack physical substance. (The term intangible assets is used to refer to intangible assets other than goodwill.)"), 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](https://asc.understandingaccounting.org/glossary/a/#acquisition-by-a-not-for-profit-entity "A transaction or other event in which a not-for-profit acquirer obtains control of one or more nonprofit activities or businesses and initially recognizes their assets and liabilities in the acquirer's financial statements. When applicable guidance in Topic 805 is applied by a not-for-profit entity, the term business combination has the same meaning as this term has for a for-profit entity. Likewise, a reference to business combinations in guidance that links to Topic 805 has the same meaning as a reference to acquisitions by not-for-profit entities."). It also does not include guidance on the accounting upon formation for goodwill and intangible assets recognized by a [joint venture](https://asc.understandingaccounting.org/glossary/j/#joint-venture "An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities."). 1. a [Subparagraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). 2. b [Subparagraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). 3. c [Subparagraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). ##### [350-10-05-2](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:f4037034e72945ca88fb8afa0d18dde49d5c163b5339d6706f0415f63ff954ed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). ##### [350-10-05-3](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:236d47db4486c9a5efb6acd0633263a2563c2894fdd009751db5954e26edc147 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/glossary/h/#hosting-arrangement "In connection with accessing and using software products, an arrangement in which the customer of the software does not currently have possession of the software; rather, the customer accesses and uses the software on an as-needed basis.") 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](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-3A) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:7b016ba6c13d37869d1c73d0922cefa807250df5ae97d28d39531c92271bd8b1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [350-10-05-4](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:1b8043108428af5bc2b0098e0f6f2c4c44c21a31b7b40c6dd247e2e0ee32df7c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). ##### [350-10-05-5](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:2dd36413266b716c870fc910ddf74b66bcb1e71110f81a03545bd70519610b8c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). ##### [350-10-05-6](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:cebafab156bc3c8426197e754789702d41e348ac90b4b74df9c4bf40df2ca49d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). ##### [350-10-05-7](https://asc.understandingaccounting.org/asc/350/10/#350-10-05-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:10.802Z to 2026-09-10T00:00:10.802Z Record version: sha256:9e4f25648b0d3cbccc903617c14d75fb1d3f4b4d1c4d70d4c397d0475e9554fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-04](https://asc.understandingaccounting.org/updates/asu-2017-04/). Source downloaded (UTC): 2026-09-10T00:00:14.438Z to 2026-09-10T00:00:14.438Z Record version: sha256:f1f6e4b5e7bd0aebb9cf7f0a0f4334887ff1f1ce310b09784b51462193506b89 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/350/10/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [350-10-15-1](https://asc.understandingaccounting.org/asc/350/10/#350-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:14.438Z to 2026-09-10T00:00:14.438Z Record version: sha256:c9d36f4b54372c207f65ea04982418c0311d932675e3382b8b74873f1313b6f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/asc/350/10/#350-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:14.438Z to 2026-09-10T00:00:14.438Z Record version: sha256:9eac204beeb8543232baefd80bb00b2b4c582132baf8027defb555390ba8d344 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Intangibles—Goodwill and Other Topic applies to all entities, including business entities, [mutual entities](https://asc.understandingaccounting.org/glossary/m/#mutual-entity "An entity other than an investor-owned entity that provides dividends, lower costs, or other economic benefits directly and proportionately to its owners, members, or participants. Mutual insurance entities, credit unions, and farm and rural electric cooperatives are examples of mutual entities."), and [not-for-profit entities](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.") (NFPs). #### Transactions ##### [350-10-15-3](https://asc.understandingaccounting.org/asc/350/10/#350-10-15-3) Pending content: yes Source downloaded (UTC): 2026-09-10T00:00:14.438Z to 2026-09-10T00:00:14.438Z Record version: sha256:32721ac5ed697b5edfe59a957ba9eb6bf7d6a83f02c9630c35bb2816bdc9c338 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/glossary/g/#goodwill "An asset representing the future economic benefits arising from other assets acquired in a business combination, acquired in an acquisition by a not-for-profit entity, or recognized by a joint venture upon formation that are not individually identified and separately recognized. For ease of reference, this term also includes the immediate charge recognized by not-for-profit entities in accordance with paragraph 958-805-25-29.") acquired in a business combination (for guidance see Subtopic 805-30) 2. b [Subparagraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). 3. c The accounting at acquisition for goodwill acquired in an [acquisition by a not-for-profit entity](https://asc.understandingaccounting.org/glossary/a/#acquisition-by-a-not-for-profit-entity "A transaction or other event in which a not-for-profit acquirer obtains control of one or more nonprofit activities or businesses and initially recognizes their assets and liabilities in the acquirer's financial statements. When applicable guidance in Topic 805 is applied by a not-for-profit entity, the term business combination has the same meaning as this term has for a for-profit entity. Likewise, a reference to business combinations in guidance that links to Topic 805 has the same meaning as a reference to acquisitions by not-for-profit entities.") (for guidance see Subtopic 958-805) 4. d The accounting at acquisition for [intangible assets](https://asc.understandingaccounting.org/glossary/i/#intangible-assets "Assets (not including financial assets) that lack physical substance. (The term intangible assets is used to refer to intangible assets other than goodwill.)") (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](https://asc.understandingaccounting.org/glossary/j/#joint-venture "An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities.") (for guidance see Subtopic 805-60). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [818-10-65-1](https://asc.understandingaccounting.org/asc/818/10/#818-10-65-1)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](https://asc.understandingaccounting.org/glossary/g/#goodwill "An asset representing the future economic benefits arising from other assets acquired in a business combination, acquired in an acquisition by a not-for-profit entity, or recognized by a joint venture upon formation that are not individually identified and separately recognized. For ease of reference, this term also includes the immediate charge recognized by not-for-profit entities in accordance with paragraph 958-805-25-29.") acquired in a business combination (for guidance see Subtopic 805-30) 2. b [Subparagraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). 3. c The accounting at acquisition for goodwill acquired in an [acquisition by a not-for-profit entity](https://asc.understandingaccounting.org/glossary/a/#acquisition-by-a-not-for-profit-entity "A transaction or other event in which a not-for-profit acquirer obtains control of one or more nonprofit activities or businesses and initially recognizes their assets and liabilities in the acquirer's financial statements. When applicable guidance in Topic 805 is applied by a not-for-profit entity, the term business combination has the same meaning as this term has for a for-profit entity. Likewise, a reference to business combinations in guidance that links to Topic 805 has the same meaning as a reference to acquisitions by not-for-profit entities.") (for guidance see Subtopic 958-805) 4. d The accounting at acquisition for [intangible assets](https://asc.understandingaccounting.org/glossary/i/#intangible-assets "Assets (not including financial assets) that lack physical substance. (The term intangible assets is used to refer to intangible assets other than goodwill.)") (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](https://asc.understandingaccounting.org/glossary/j/#joint-venture "An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities.") (for guidance see Subtopic 805-60) 6. f The accounting for [environmental credits](https://asc.understandingaccounting.org/glossary/e/#environmental-credit "(P) December 16, 2027; (N) December 16, 2028818-10-65-1An enforceable right that is acquired, internally generated, granted by a regulatory agency or its designee(s), or received in a nonreciprocal transfer that is not a grant from a regulator or its designee(s) that meets all of the following criteria:Lacks physical substance and is not a financial asset.Is represented to prevent, control, reduce, or remove emissions or other pollution.Is, or previously was, separately transferable in an exchange transaction. If an item is no longer separately transferable in an exchange transaction, an entity must be able to use that item to satisfy an environmental credit obligation to meet this criterion.Is not an income tax credit that may be used to settle an entity’s income tax liability, regardless of whether the entity has a tax liability or intends to use the credit for that purpose.An environmental credit that meets the above criteria may exist in a variety of forms, including (but not limited to) credits, certificates, allowances, and offsets.") (for guidance see Subtopic 818-20). #### Other Considerations ##### [350-10-15-4](https://asc.understandingaccounting.org/asc/350/10/#350-10-15-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:14.438Z to 2026-09-10T00:00:14.438Z Record version: sha256:5235715c9157c1b1b613291007ad726fddd97b7db57dbf4e22b8365666b633fc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/asc/350/980/#350-980-35-1) 7. g [Subparagraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). 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](https://asc.understandingaccounting.org/updates/page-1833002/). Source downloaded (UTC): 2026-09-10T00:00:20.799Z to 2026-09-10T00:00:20.799Z Record version: sha256:1c30d18b4a81f6a3698bdbb6c84396e249c67b1e5b9b06f4395a98fc381642a4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-10-40: 40 Derecognition [Read section](https://asc.understandingaccounting.org/asc/350/10/#40-derecognition) SEC content: no #### Transfer or Sale of Intangible Assets ##### [350-10-40-1](https://asc.understandingaccounting.org/asc/350/10/#350-10-40-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:20.799Z to 2026-09-10T00:00:20.799Z Record version: sha256:d9b486d623273879e19a900a2d64357e565d928c080d0d6d9fc75231908a56b8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/glossary/c/#contract "An agreement between two or more parties that creates enforceable rights and obligations.") with a [customer](https://asc.understandingaccounting.org/glossary/c/#customer "A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.") shall be accounted for in accordance with Topic 606 on revenue from contracts with customers. ##### [350-10-40-2](https://asc.understandingaccounting.org/asc/350/10/#350-10-40-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:20.799Z to 2026-09-10T00:00:20.799Z Record version: sha256:1381ef3234814c5e9ac7e24ae2267383a465d34954fb5eb9c81c9f2a5958d518 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall account for the derecognition of a subsidiary or a group of assets that is either a [business](https://asc.understandingaccounting.org/glossary/b/#business "Paragraphs 805-10-55-3A805-10-55-4805-10-55-5805-10-55-6 and 805-10-55-8805-10-55-9 define what is considered a business.") or [nonprofit activity](https://asc.understandingaccounting.org/glossary/n/#nonprofit-activity "An integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing benefits, other than goods or services at a profit or profit equivalent, as a fulfillment of an entity's purpose or mission (for example, goods or services to beneficiaries, customers, or members). As with a not-for-profit entity, a nonprofit activity possesses characteristics that distinguish it from a business or a for-profit business entity.") in accordance with the derecognition guidance in Subtopic 810-10. ##### [350-10-40-3](https://asc.understandingaccounting.org/asc/350/10/#350-10-40-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:20.799Z to 2026-09-10T00:00:20.799Z Record version: sha256:9051801ae617ca84462f4f30a225aaf35b780f02a9f24577acf0cecd641528fc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an entity transfers a nonfinancial asset in accordance with paragraph [350-10-40-1](https://asc.understandingaccounting.org/asc/350/10/#350-10-40-1), and the contract does not meet all of the criteria in paragraph [606-10-25-1](https://asc.understandingaccounting.org/asc/606/10/#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](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-6) to determine if and when the contract subsequently meets all of the criteria in paragraph [606-10-25-1](https://asc.understandingaccounting.org/asc/606/10/#606-10-25-1). Until all of the criteria in paragraph [606-10-25-1](https://asc.understandingaccounting.org/asc/606/10/#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](https://asc.understandingaccounting.org/asc/350/10/#350-10-40-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:20.799Z to 2026-09-10T00:00:20.799Z Record version: sha256:b32677b5f39fba8b0e3fc96f7d30ebc167fec0afdb619d80e296cab78e454577 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Additionally, see the derecognition guidance in Section 350-20-40 regarding the disposal of all or a portion of a reporting unit. Source downloaded (UTC): 2026-09-10T00:00:23.747Z to 2026-09-10T00:00:23.747Z Record version: sha256:b349ac30aea922f722c09c252b4b6799c2eea60ff58004cc645bbf1a9356806f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-10-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/350/10/#60-relationships) SEC content: no ##### [350-10-60-1](https://asc.understandingaccounting.org/asc/350/10/#350-10-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:23.747Z to 2026-09-10T00:00:23.747Z Record version: sha256:76e6f3b47b534d3c861eb3fad3aab7a8c9099222d8da00846cede199a266f696 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on recognizing an impairment loss on barter credits, see paragraph [845-10-30-19](https://asc.understandingaccounting.org/asc/845/10/#845-10-30-19). Source downloaded (UTC): 2026-09-10T00:00:26.416Z to 2026-09-10T00:00:26.416Z Record version: sha256:1e6255c5f00b463432465def9f866beab7f4975a7016d7ce93a2be504fc6f60b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-10-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/350/10/#65-transition-and-open-effective-date-information) SEC content: no ##### [350-10-65-1](https://asc.understandingaccounting.org/asc/350/10/#350-10-65-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:26.416Z to 2026-09-10T00:00:26.416Z Record version: sha256:8418c88172f40528f58c480110166e62bb554515f35a5d6024618305b18faecb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/asc/350/10/#350-10-65-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:26.416Z to 2026-09-10T00:00:26.416Z Record version: sha256:f327ec3ecd640ad9b2e780551940e26006d0abe6629d09e9fbb6266f419fe5f2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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_. Source downloaded (UTC): 2026-09-10T00:00:30.526Z to 2026-09-10T00:00:30.526Z Record version: sha256:29e42a0e0c9da3efe0605f1ed5f332b668f4b70bc33fdb83a336cb054c598776 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-10-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/350/10/#sec-00-status) SEC content: yes ##### [350-10-S00-1](https://asc.understandingaccounting.org/asc/350/10/#350-10-S00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:30.526Z to 2026-09-10T00:00:30.526Z Record version: sha256:b9f1b17f8a35a04d975ac490af7e7cbb47764fcb1fa189613ac0eede10784267 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. No updates have been made to this subtopic. Source downloaded (UTC): 2026-09-10T00:00:32.289Z to 2026-09-10T00:00:32.289Z Record version: sha256:0bcee4a3d5c249eb1892f4cb8e39c2d3631fbebaa5d79a0cd6c76912e24d6e18 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-10-S35: SEC 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/350/10/#sec-35-subsequent-measurement) SEC content: yes #### Recognition and Measurement of an Impairment Loss ##### [350-10-S35-1](https://asc.understandingaccounting.org/asc/350/10/#350-10-S35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:32.289Z to 2026-09-10T00:00:32.289Z Record version: sha256:a60056fcecf122acf1085c9ab97a2689b791173760bc0704e79e12d9ce8aaa99 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [805-20-S99-3](https://asc.understandingaccounting.org/asc/805/20/#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. Source downloaded (UTC): 2026-09-10T00:00:36.319Z to 2026-09-10T00:00:36.319Z Record version: sha256:6677fa38a903a26d5d08620ab41309473b4cf7762cf91580032e41fc797b6f7e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 350-10-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/350/10/#sec-45-other-presentation-matters) SEC content: yes #### Presentation of Intangible Assets ##### [350-10-S45-1](https://asc.understandingaccounting.org/asc/350/10/#350-10-S45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:00:36.319Z to 2026-09-10T00:00:36.319Z Record version: sha256:9c5354a47d565d4fa1547bf4bcb3229571ec7370a621e3149e72cd15809fc554 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [210-10-S99-1](https://asc.understandingaccounting.org/asc/210/10/#210-10-S99-1), Regulation S-X Rule 5-02, for presentation requirements for intangible assets.