(e.g., inventory and fixed assets) □ Assets within the same major asset class that have significantly different risk characteristics (e.g., real estate investments that consist of residential and commercial properties) Question BCG 1-2 discusses how assets should be recorded in a reporting ...
ASC 730-10-25-2(a): Materials, equipment, and facilities. The costs of materials (whether from the entity’s normal inventory or acquired specially for research and development activities) and equipment or facilities, that are acquired or constructed for research and development activitie...
Although not explicitly in its scope, in this example, it is appropriate to analogize to the guidance in ASC 470-40-25-2(a). Consistent with ASC 470–40–25–2(a) and ASC 606-10-55-66, Company A should retain the raw materials on its books (effectively, as consigned invent...
ASC 606-10-55-65: ...An entity should recognize revenue for a sales-based or usage-based royalty promised in exchange for a license of intellectual property only when (or as) the later of the following events occurs: a. The subsequent sale or usage occurs. b. The performance...