Identifiable assets and liabilities, also known as separable assets and liabilities, are those parts of a business that can be disposed of separately without having to dispose of the entire business. They play a crucial role in financial accounting and business valuation.
Separable assets and liabilities refer to the specific assets and liabilities of a business that can be clearly distinguished from other assets and liabilities. This distinction is crucial when assessing the financial health of a company or when conducting valuations, such as during a merger or acquisition.
