GyeongjuGlorious
Sun Sep 08 2024
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6 answers
1813
Should crypto assets be classified as intangible assets under US GAAP?
Could you please elaborate on why there is a debate surrounding whether crypto assets should be classified as intangible assets under the United States Generally Accepted Accounting Principles (US GAAP)? What are the key arguments presented by those who advocate for and against this classification? How might this classification impact the financial reporting and decision-making processes of businesses and investors involved in the cryptocurrency market? And, ultimately, what factors should be considered when determining the most appropriate classification for crypto assets under US GAAP?
