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Appendix C — Accounting for Asset Acquisitions

C.1 Overview and Scope

C.1 Overview and Scope

The term “asset acquisition” is used to describe an acquisition of an asset, or a group of assets, that does not meet the U.S. GAAP definition of a business. An asset acquisition may also involve the assumption of liabilities. Entities should use the guidance in ASC 805-10 to determine whether the acquired assets meet the definition of a business. See Section 2.4 for more information.