ASC 730 definition
ASC 730 means: The FASB Accounting Standards Codification (“ASC”) is the source of authoritative GAAP recognized by the FASB to be applied to nongovernmental entities. ASC 730 establishes standards of financial accounting and reporting for research and development costs. It specifies:
Examples of ASC 730 in a sentence
In accordance with ASC 730, Research and Development, the fair value of IPR&D acquired in an asset acquisition with no alternative future use be allocated a portion of the consideration transferred and charged to expense at the acquisition date.
In accordance with ASC 730, Research and Development, the portion of arrangement consideration allocated to the acquired IPR&D based on its relative fair value, is included as an operating expense as there is no alternative future use.
In accordance with ASC 730, Research and Development, the portion of arrangement consideration allocated to the acquired IPR&D based on its relative fair value is included as an operating expense as there is no alternative future use.