Intangible Assets


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An Intangible Asset shall be recognized as an asset apart from goodwill:

If it arises from contractual or other legal rights (regardless of whether those rights are transferable or separate from the acquired entity or from other rights and obligations).
If an intangible asset does not arise from contractual or other legal rights, it shall be recognized as an asset apart from goodwill only if it is separable, that is, it is capable of being separated or divided from the acquired entity and sold, transferred, licensed, rented, or exchanged (regardless of whether there is an intent to do so).
However, an intangible asset that cannot be sold, transferred, licensed, rented, or exchanged individually is considered separable if it can be sold, transferred, licensed, rented, or exchanged in combination with a related contract, asset, or liability.
An assembled workforce shall not be recognized as an intangible asset apart from goodwill.

See Paragraph 39 of SFAS 141.