Which of the following expenses are likely to satisfy the definition of an asset,and hence may be capitalised as an intangible asset?

Question

Quizplus · Accepted Answer

According to the International Financial Reporting Standards (IFRS), specifically IAS 38 Intangible Assets, expenses incurred to develop a brand name, advertising expenses, and research expenses generally do not qualify for recognition as intangible assets. These expenses are typically expensed as incurred because they do not meet the criteria for capitalization, such as the ability to demonstrate future economic benefits and the cost of the asset can be measured reliably.

Which of the Following Expenses Are Likely to Satisfy the Definition