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- IAS 38 – Intangible Assets 0%
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Question 1 of 10
1. Question
The definition of an intangible asset requires an intangible asset to be identifiable to distinguish it from goodwill.
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Question 2 of 10
2. Question
According to IAS 38, under which of the following circumstances is an asset identifiable?
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Question 3 of 10
3. Question
An entity usually has sufficient control over the expected future economic benefits arising from a team of skilled staff and from training for these items to meet the definition of an intangible asset.
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Question 4 of 10
4. Question
Which of the following shall be met in order to recognise an item as an intangible asset?
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Question 5 of 10
5. Question
Subsequent expenditure—expenditure incurred after the initial recognition of an acquired intangible asset or after completion of an internally generated intangible asset— are usually recognised in the carrying amount of this intangible asset.
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Question 6 of 10
6. Question
Under which of the following circumstances shall an intangible asset be recognised?
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Question 7 of 10
7. Question
An entity shall assess the probability of expected future economic benefits using reasonable and supportable assumptions that represent management’s best estimate of the set of economic conditions that will exist over the useful life of the asset.
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Question 8 of 10
8. Question
An intangible asset shall be measured initially __________.
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Question 9 of 10
9. Question
What does the cost of separately acquired intangible asset comprise?
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Question 10 of 10
10. Question
Which of the following is an example of directly attributable costs?
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