An identifiable asset is a separate asset that has been acquired through a business combination. These assets are assigned a fair value and recorded in the financial records of the acquirer. Once the fair values of all identifiable assets and liabilities have been assigned, the aggregate amount is subtracted from the purchase price paid to the owners of the acquiree; the residual is recorded as goodwill in the balance sheet of the acquirer.
Examples of identifiable assets are buildings, computer equipment, machinery, office equipment, and vehicles. Intangible assets can also be considered identifiable assets.
An asset is considered to be identifiable if it can be separately disposed of.