Multiple Choice
An intangible shall be recognised if,and only if:
A) it is possible that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably
B) it is possible that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset cannot be measured reliably
C) it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset cannot be measured reliably
D) it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Discuss the accounting requirements in AASB 138
Q2: Which of the following is not an
Q3: Identify some of the factors to be
Q4: AASB 138 requires an entity to choose
Q6: The systematic allocation of the depreciable amount
Q7: The most reliable estimate of the fair
Q8: The criteria in AASB 138 identified as
Q9: Discuss the guidance given in AASB 138
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Q11: Explain the difference between research and development.and