Under IAS 38/AASB 138 the Statement Concerning Internally Generated Intangible

Multiple Choice

Under IAS 38/AASB 138 the statement concerning internally generated intangible assets that is nottrue is:

A) They can only be recognised if their cost can be measured reliably
B) It is likely that the cost of internally generated brand names,mastheads and customer lists can be measured reliably
C) The tests for recognising internally generated intangibles are more stringent than for recognising internally generated property,plant and equipment
D) If patents and copyrights are deemed to be in the research phase all expenditure incurred should be expensed rather than capitalised