Acquisition Prices and the Measurement of Intangible Capital
Author: Ewens, Michael, Peters, Ryan, Wang, Sean on Jan 01, 2019
Investments by firms into intangible capital play a pivotal role in a firm’s strategy and value in today’s economy. However, because the benefits to these investments can be uncertain, current financial statements under U.S. GAAP mandate that firms record these investments as operating expenses, despite the long-term benefits these investments…
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