Exam 13: Intangible Assets

Which of the following assets is regarded as meeting the identifiability criteria for recognition as an identifiable intangible asset that may be acquired in a business combination?

Which of the following assets is regarded as meeting the identifiability criteria for recognition as an identifiable intangible asset that can be recorded as acquired in a business combination?

The Chartered Institute of Management Accountants (CIMA) has divided intangible resources into three components. Which is NOT one of these components?

Under IAS 38 Intangibles, goodwill may only be recognised as an asset if it:

Which of the following is a technique proposed by the Initial Accounting for Internally Generated Intangible Assets Discussion Paper to account for internally generated intangibles?

The characteristic that distinguishes the goodwill from other intangible assets is:

The Chartered Institute of Management Accountants (CIMA) divided intangible resources into three components comprising:

The recognition criteria that an asset must meet before it may be recognised and presented in the financial statements include:

Paragraph 63 of IAS 38 Intangibles, prohibits the recognition of the following internally generated identifiable intangibles:

A key characteristic that separates assets such as property, plant and equipment from intangible assets is:

Under the revaluation method of measuring an intangible, the asset is carried at fair value and subject to charges for:

The original and planned investigation undertaken with the prospect of gaining new knowledge is described as:

For an asset to be classified as an identifiable intangible, IAS 38 Intangibles requires that it meet which of the following criteria? I. It arises from a contractual or legal right. II. Its fair value must be able to be reliably measured. III. It is separable from the entity. IV. Its cost must reliably measurable.

Which of the following is NOT a technique proposed by the Initial Accounting for Internally Generated Intangible Assets Discussion Paper to account for internally generated intangibles?

The two key characteristics of intangible assets are that they are identifiable and that they:

Which of the following statements is correct?

The cost of an intangible asset is comprised of the fair value of the consideration:

Which of the following statements is NOT correct?

When an intangible asset is acquired by an exchange of assets, which of the following measures will need to be considered in the determination of that cost?

IAS 38 Intangibles, requires that an intangible asset with a finite life: