QUIZ QUESTIONS IAS 38: INTANGIBLES 1. place an impalpable plus. (1 Mark) 2. sterilise an active market. (1 Mark) 3. Define research.(1 Mark) 4. Define prep. (1 Mark) 5. When does an asset meet the identifiability monetary standard? (1 Mark) 6. When should an nonphysical asset asset asset be recognised? (1 Mark) 7. How should an intangible asset be measured initially? (1 Mark) 8. How should internally generated goodwill be accounted for? (1 mark) 9. produce dickens (2) of the criteria that mustiness be met if an intangible asset arising from the study phase is to be recognised? (1 Mark) 10. To assess whether outlays internally generated intangible asset meets the criteria for intuition, an entity classifies the generation of the asset into one of two phases. reveal these phases. (1 Mark) 11. How is an internally generated intangible asset arising from the rese arch phase accounted for? (1 Mark) 12. How is an internally generated asset arising from the development phase accounted for? (1 mark) 13. Subsequent to initial recognition how is an internally generated intangible asset measured? (1 Mark) 14. Over what bound of time is an internally generated intangible asset amortised?
(1 Mark) 15. Which recognition beat is constantly considered to be cheery when accounting for the acquisition of a separate intangible asset? (1 Mark) 16. Why is the probability criterion always considered to be satisfied when accounting for the acquisi tion of a separate intangible asset? (1 Mark! ) 17. Which recognition criterion is always considered to be satisfied when accounting for the acquisition of an intangible asset in a business combination? (1 mark) 18. Name two (2) internally generated assets that argon non allowed to be recognised as intangible assets by the entity generating those assets. (1 Mark) 19. When can the revaluation model not be employ to...If you want to get a rise essay, order it on our website: BestEssayCheap.com
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