2. Take Home Question #2 Accounting Standard Codification Question (14 Points)

On July 3, 2019, The Boston Beer Company (SAM) acquired Dogfish Head Brewery. SAM allocated a portion of the $318 Million Purchase Price to the following intangible assets:

Goodwill	$108.9 million
Brand	$98.5 million
Customer Relationships	$3.8 million

The Accounting Standards Codification (ASC) contains specific rules for the identification and recognition of intangibles assets separate from Goodwill.

Questions:

1. Identify the ASC subtopic where the recognition criteria for recording separately identified intangible assets can be found.

2. In your own words, describe the criteria. Provide references to the applicable ASC subtopics and paragraphs

3. Describe how the criteria could have possibly been applied to the Brand and Customer Relationships that SAM obtained as part of the Dogfish Head Brewery acquisition.