Which of the following intangible assets should be recognised in the balance sheet?

Question

Quizplus · Accepted Answer

Only intangible assets with identifiable and active markets should be recognized on the balance sheet. This includes licenses with active markets and purchased trademarks. Internally generated goodwill cannot be recognized as an asset since it cannot be reliably measured, and excess goodwill cannot be recognized separately from the overall value of the business.

Which of the Following Intangible Assets Should Be Recognised in the Balance