If the cost of an intangible asset cannot be measured reliably but the fair value can be determined,under AASB 138 Intangible Assets it can be recognised.

Name: If the cost of an intangible asset cannot be measured reliably but the fair value can be determined,under AASB 138 Intangible Assets it can be recognised.
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Question

Quizplus · Accepted Answer

Under AASB 138, an intangible asset can only be recognized if its cost can be measured reliably, regardless of whether its fair value can be determined.

If the Cost of an Intangible Asset Cannot Be Measured