Multiple Choice
An intangible asset is identified when,
A) It is separable
B) It arises from contractual or other legal rights, regardless whether those rights are transferable or separable from the entity
C) Either (a) or (b)
D) None of these
Correct Answer:
Verified
Correct Answer:
Verified
Q10: FASB is based in…………….<br>A)London<br>B)Chennai<br>C)New York<br>D)Norwalk
Q11: Cost of inventory does not include<br>A)Salary of
Q12: ASB was set up in India on………………<br>A)21
Q13: An entity must measure its Property, Plant
Q14: …………….is the residual interest in the asset
Q16: A property developer must classify properties that
Q17: Impairment loss is recognised when,<br>A)Carrying amount of
Q18: The cost of intangible asset at initial
Q19: IASB was established in the year….<br>A)1999<br>B)1977<br>C)1972<br>D)2001
Q20: Which method depreciation is most appropriate for