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Essay Galaxy - In Process Randd
PURCHASED IN-PROCESS RESEARCH AND DEVELOPMENT
When one company purchases another, it absorbs the acquired firm’s assets and liabilities onto its balance sheet. One part of the acquired company that belongs to neither area is in-process research and development. “Acquired in-process research and development (IPR&D) that is written-off represents purchased research and development that has not yet demonstrated technological feasibility and has no alternative future use”(http://usserve.us.kpmg.com/valserv/tech/html/page1.htm). In other words, it is work that has not yet been used to produce an output and is questionable if it ever will. For this reason, according to current accounting rules and standards, a company is allowed to write-off this part of the purchase price. The in-process technology can be a large factor in making t....
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Number Of Pages: 9 |
Number Of Words: 2359 |
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