Multiple Choice
In accordance with AASB 3 Business Combinations,if an intangible asset is acquired in a business combination,the cost of the asset is its:
A) fair value at the combination date.
B) fair value at the acquisition date.
C) current replacement cost at the acquisition date.
D) discounted present value at the acquisition date.
Correct Answer:
Verified
Correct Answer:
Verified
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