Читать книгу Annual Accounting and Auditing Workshop - Kurt Oestriecher - Страница 13

This update is part of FASB’s simplification initiative. GAAP currently prohibits the recognition of current and deferred income taxes for intra-entity asset transfers until the asset has been sold to an outside party. Although additional guidance has been introduced over the years related to certain tangible and intangible assets, this has led to diversity in practice, particularly related to transfers of intellectual property.