Using the FASB Codification
In this case, LinkedIn and Microsoft followed GAAP. Your task is to
identify the exact part of the FASB codification that contains the
applicable rules. For each question, cite the section
number, and cut and paste the rule into your answer. What section
of the codification requires?
Internally developed intangible assets should NOT usually be
recorded as assets?
As of the date of an acquisition, the acquirer should allocate
the purchase price to assets acquired...