Deloitte
Accounting Research Tool
...
Chapter 4 — Recognizing and Measuring the Identifiable Assets Acquired and Liabilities Assumed

4.17 Subsequent Measurement of Assets Acquired and Liabilities Assumed

4.17 Subsequent Measurement of Assets Acquired and Liabilities Assumed

Generally, assets acquired and liabilities assumed in a business combination are accounted for after the acquisition date in accordance with applicable GAAP on the basis of the nature of the assets and liabilities. Accordingly, ASC 805 does not provide subsequent accounting guidance for assets acquired and liabilities assumed in a business combination, except for the following:
  • Indemnification assets, including those arising from government-assisted acquisitions of financial institutions — see Section 4.3.4.
  • Assets and liabilities arising from contingencies — see Section 4.3.6.
  • Reacquired rights — see Section 4.3.7.
  • Leasehold improvements — see Section 4.3.11.1.9 after adoption of ASC 842 and Section 4.3.11.2.7 before adoption of ASC 842.
  • Insurance and reinsurance contracts — see Section 4.3.12.
  • Intangible assets, including R&D assets — see Section 4.10.
  • Contingent consideration arrangements of an acquiree assumed by the acquirer — see Section 5.7.5.