IAS 38 Intangible Assets
Intangible Asset IAS 38 Intangible Assets Definition An intangible asset is an identifiable non-monetary asset without physical substance. Intangible assets include items such as: -Licences and quotas -Intellectual property, e.g. patents and copyrights -Brand names -Trademarks -Goodwill For an asset to be identifiable, it must fall into one of two categories: 1.It is separable- the asset can be bought or
Continue reading IAS 38 Intangible Assets LEARNING OBJECTIVE 1.DEFINITION 2.MEASUREMENT AFTER INITIAL RECOGNITION 3.GOODWILL, R&D …………………………………………… 1. DEFINITION An intangible asset is an identifiable non-monetary asset without physical substance. Intangible assets include items such as: -Licences -Intellectual property, e.g. patents and copyrights -Brand names -Trademarks -Goodwill For an asset to be identifiable, it must fall into one of two categories: 1.It is
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