other means. Some intangible assets are exchangeable, while others cannot be separated from the entity. Statement 141 requires that an intangible asset be recorded apart from goodwill in either of the following situations: The intangible asset arises from contractual or other legal rights, regardless of whether they are separable from the entity (the contractual-legal criterion). The intangible asset is capable of being separated or divided from the acquired entity and sold, transferred, licensed, rented, or exchanged (regardless of whether there is an intent to do so) either individually or in combination with a related contract, asset, or liability (the separability criterion). 2. The Board provided implementation guidance in Appendix A of Statement 141 to help constituents identify intangible assets. That guidance includes an illustrative list of intangible assets commonly acquired in a business combination. One particular category discussed was customer-related intangible assets. Paragraphs A18–A21 of Statement 141 state: Copyright © 2008, Financial Accounting Standards Board Not for redistributio
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