For a tangible asset to be recognised by an acquirer under a business combination it must be probable that future economic benefits will flow to the acquirer and:

A) it must be a current item.
B) it may not be a non-monetary asset.
C) its fair value can be reliably measured.
D) it must be measured using the present value method.

Tangible Asset

An asset that has physical form and value, such as equipment or real estate.

Economic Benefits

The advantageous gains obtained from resources or actions, including income, profits, or intangible assets like brand reputation.

Fair Value

The expected price for unloading an asset or the charge for relocating a liability in an orderly market transaction at the reckoning time.