Intangibles

QUIZ QUESTIONS IAS 38: INTANGIBLES 1. blank space an impalpable addition. (1 Mark) 2. delimitate an active market. (1 Mark) 3. regulate research.(1 Mark) 4. Define develop. (1 Mark) 5. When does an plus meet the identifiability beat? (1 Mark) 6. When should an nonphysical summation plus summation be prize? (1 Mark) 7. How should an intangible asset be measured initially? (1 Mark) 8. How should internally generated goodwill be accounted for? (1 mark) 9. place deuce (2) of the criteria that mustiness be met if an intangible asset arising from the education class is to be recognized? (1 Mark) 10. To assess whether outlays internally generated intangible asset meets the criteria for actualization, an entity classifies the generation of the asset into one of two phases. progress to these phases. (1 Mark) 11. How is an internally generated intangible asset arising from the research phase accounted for? (1 Mark) 12. How is an internally generated asset arising from the development phase accounted for? (1 mark) 13. Subsequent to initial recognition how is an internally generated intangible asset measured? (1 Mark) 14. Over what issue of time is an internally generated intangible asset amortised?

(1 Mark) 15. Which recognition metre is everlastingly considered to be well-off when story for the acquisition of a separate intangible asset? (1 Mark) 16. Why is the probability monetary standard always considered to be fit when accounting for the acquisition of a separate intangible asset? (1 Mark) 17. Which recognition criterion is always considered to be satisfied when accounting for the acquisition of an intangible asset in a task combination? (1 mark) 18. Name two (2) internally generated assets that argon non allowed to be recognised as intangible assets by the entity generating those assets. (1 Mark) 19. When potty the revaluation model not be employ to...If you hope to get a profuse essay, order it on our website: Orderessay

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