Question: FASB 1 4 1 R ( ASC 8 0 5 ) requires that ongoing ( i . e . , in - process ) research

FASB 141R (ASC 805) requires that ongoing (i.e., in-process) research and development projects acquired in a business combination be treated in all of the following ways except:
Classified as intangible assets having indefinite lives.
Expensed immediately.
Tested for impairment periodically.
Recorded at acquisition-date fair values.
FASB 1 4 1 R ( ASC 8 0 5 ) requires that ongoing

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