Which of the following intangible assets should be recognised in the statement of financial position?

Question

Quizplus · Accepted Answer

Both licences with active market and purchased trademark are intangible assets that meet the recognition criteria according to IFRS. Intangible assets, such as these, are recognised in the statement of financial position when they are probable to generate future economic benefits and they can be measured reliably. Internally generated goodwill in excess of recoverable amount is not recognised as an intangible asset, as it does not meet the criteria for recognition.

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