Multiple Choice
Which of the following does not necessarily satisfy a criteria for recognizing intangible assets in the development phase?
A) It is technically feasible to complete the intangible asset
B) The intangible asset will likely generate future economic benefit
C) The intangible was heavily marketed
D) Adequate resources are available to complete the intangible asset
E) All of the above satisfy a criteria
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Internally generated brands, mast?heads, publishing titles, customer
Q15: Intangible assets acquired in a business combination
Q16: Each part of an intangible asset with
Q17: Development costs are capitalized as an intangible
Q18: In general, the revaluation model is cheaper
Q20: Intangibles can only be generated internally.
Q21: Star Valley Entity just purchased Waterton Canyon
Q22: Shappirim Palms developed a new brand name
Q23: All costs incurred during the research phase
Q24: An entity may elect to apply the