Paragraph 63 of AASB 138 Intangibles, prohibits the recognition of the following internally generated identifiable intangibles: $$\begin{array} { | l | l | l | l | l | }
\hline&I&II&III&IV\
\hline \text { Brands } & \text { No } & \text { No } & \text { Yes } & \text { No } \
\hline \text { Mastheads } & \text { No } & \text { Yes } & \text { Yes } & \text { Yes } \
\hline \begin{array} { l }
\text { Publishing } \
\text { titles }
\end{array} & \text { No } & \text { No } & \text { Yes } & \text { Yes } \
\hline \begin{array} { l }
\text { Customer } \
\text { lists }
\end{array} & \text { No } & \text { Yes } & \text { Yes } & \text { No } \
\hline
\end{array}$$
A) I.
B) II.
C) III.
D) IV.

Question

Paragraph 63 of AASB 138 Intangibles, prohibits the recognition of the following internally generated identifiable intangibles: $$\begin{array} { | l | l | l | l | l | } 
\hline&I&II&III&IV\
\hline \text { Brands } & \text { No } & \text { No } & \text { Yes } & \text { No } \
\hline \text { Mastheads } & \text { No } & \text { Yes } & \text { Yes } & \text { Yes } \
\hline \begin{array} { l } 
\text { Publishing } \
\text { titles }
\end{array} & \text { No } & \text { No } & \text { Yes } & \text { Yes } \
\hline \begin{array} { l } 
\text { Customer } \
\text { lists }
\end{array} & \text { No } & \text { Yes } & \text { Yes } & \text { No } \
\hline
\end{array}$$
A) I.
B) II.
C) III.
D) IV.

Quizplus · Accepted Answer

Paragraph 63 of AASB 138 prohibits the recognition of internally generated brands, mastheads, publishing titles, and customer lists as intangible assets. Option III correctly identifies all these as "Yes," indicating they are not recognized.

Paragraph 63 of AASB 138 Intangibles, Prohibits the Recognition of the Following