The minimum amount of assets that each segment must own to be considered separately reportable varies based on the reporting frameworks and standards followed by a particular organization. However, some common guidelines include:
1. Financial Accounting Standards Board (FASB) ASC Topic 280: According to FASB ASC Topic 280, a segment must report its assets separately if its revenue equals or exceeds 10% of the combined revenue of all operating segments, or if its segment assets equal or exceed 10% of the combined assets of all operating segments.
2. International Financial Reporting Standards (IFRS) 8: Under IFRS 8, a segment is considered separately reportable if its revenue equals or exceeds 10% of the combined revenue of all operating segments, or if it meets other quantitative thresholds specified by the organization.
It's important to note that these are general guidelines, and organizations may define additional criteria based on their specific reporting requirements and industry practices. Therefore, it is recommended to refer to the specific reporting standards and guidelines applicable to the organization in question for a more accurate determination of the minimum asset threshold for separate reporting.
What is the minimum amount of assets that each of these segments must own to be considered separately reportable
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