Intangible assets without a limited useful life cannot be recorded under AASB 138 as they cannot be amortised.
Correct Answer:
Verified
Q12: Development costs are less likely to meet
Q13: Intangible assets that are amortised are no
Q14: The revaluation model requires all intangible assets
Q15: AASB 138 prohibits the recognition of intangible
Q16: According to AASB 138 on intangible assets,if
Q18: AASB 138 permits the use of revaluation
Q19: Internally generated identifiable intangible assets may be
Q20: Where a revaluation occurs,it is to be
Q21: AASB 138 defines development as:
A) the activities
Q22: Identifiable intangible assets are those intangible assets
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents