For intangible assets acquired either individually or as part of a group of assets (in asset acquisition, a business combination, acquisition by a not-for-profit entity, or a joint venture formation), all of the following information shall be disclosed in the notes to financial statements in the period of acquisition: - a
For intangible assets subject to amortization, all of the following:
- 1
- 2
The amount of any significant residual value, in total and by major intangible asset class - 3
The weighted-average amortization period, in total and by major intangible asset class.
- b
For intangible assets not subject to amortization, the total amount assigned and the amount assigned to any major intangible asset class.
- c
The amount of research and development assets acquired in a transaction other than a business combination, an acquisition by a not-for-profit entity, or a joint venture formation and written off in the period and the line item in the income statement in which the amounts written off are aggregated.
- d
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.
This information also shall be disclosed separately for each material business combination or acquisition by a not-for-profit entity or in the aggregate for individually immaterial business combinations or acquisitions by a not-for-profit entity that are material collectively if the aggregate fair values of intangible assets acquired, other than goodwill, are significant. (P) December 16, 2026; (N) December 16, 2026
220-40-65-1For intangible assets acquired either individually or as part of a group of assets (in asset acquisition, a business combination, acquisition by a not-for-profit entity, or a joint venture formation), all of the following information shall be disclosed in the notes to financial statements in the period of acquisition: - a
For intangible assets subject to amortization, all of the following:
- 1
- 2
The amount of any significant residual value, in total and by major intangible asset class - 3
The weighted-average amortization period, in total and by major intangible asset class.
- b
For intangible assets not subject to amortization, the total amount assigned and the amount assigned to any major intangible asset class.
- c
The amount of research and development assets acquired in a transaction other than a business combination, an acquisition by a not-for-profit entity, or a joint venture formation and written off in the period and the line item in the income statement in which the amounts written off are aggregated. See paragraphs for additional disclosure requirements. - d
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.
This information also shall be disclosed separately for each material business combination or acquisition by a not-for-profit entity or in the aggregate for individually immaterial business combinations or acquisitions by a not-for-profit entity that are material collectively if the aggregate fair values of intangible assets acquired, other than goodwill, are significant.For each impairment loss recognized related to an intangible asset, all of the following information shall be disclosed in the notes to financial statements that include the period in which the impairment loss is recognized: - a
A description of the impaired intangible asset and the facts and circumstances leading to the impairment
- b
The amount of the impairment loss and the method for determining fair value
- c
The caption in the income statement or the statement of activities in which the impairment loss is aggregated
- d
If applicable, the segment in which the impaired intangible asset is reported under Topic 280.
(P) December 16, 2026; (N) December 16, 2026
220-40-65-1For each impairment loss recognized related to an intangible asset, all of the following information shall be disclosed in the notes to financial statements that include the period in which the impairment loss is recognized: - a
A description of the impaired intangible asset and the facts and circumstances leading to the impairment
- b
The amount of the impairment loss and the method for determining fair value
- c
The caption in the income statement or the statement of activities in which the impairment loss is aggregated
- d
If applicable, the segment in which the impaired intangible asset is reported under Topic 280.
See paragraphs for additional disclosure requirements. For a recognized intangible asset, an entity shall disclose information that enables users of financial statements to assess the extent to which the expected future cash flows associated with the asset are affected by the entity's intent or ability (or both intent and ability) to renew or extend the arrangement.