In this Hot Topic, we delve into some of the application issues arising in practice today.
- Companies that are not broker-dealers or investment companies subject to ASC 940 or ASC 946, respectively, that have acquired crypto assets through purchase, as payment from another entity or by any other means.
- What challenges commonly arise when determining the principal market for a crypto asset?
- Is it ever acceptable to co-mingle multiple units of a crypto asset for purposes of assessing impairment?
- Why are crypto intangible asset impairment losses and sale gains/losses under ASC 610-20 presented as operating income (loss) items?