Intangible asset acquired in a business combination

In a business combination, the acquirer identifies intangible assets separately from goodwill when they meet the definition of an intangible asset and the applicable recognition requirements. An intangible is identifiable if it is separable or arises from contractual or other legal rights; the acquiree need not previously have recognised it. Acquisition-date fair value is normally its measurement under IFRS 3, subject to the standard’s specific exceptions. Subsequent amortisation and impairment depend on the asset and applicable standards.