Multiple Choice
Which of the following statements is incorrect?
A) Intangible assets are to be derecognised when there are no expected future benefits from the asset.
B) Amortisation of an intangible with a finite useful life does not cease when the asset becomes temporarily idle.
C) Amortisation of an intangible with a finite useful life ceases when the asset is retired from active use.
D) Gains or losses on disposal are calculated as the difference between the proceeds on disposal and the carrying amount at point of sale.
Correct Answer:
Verified
Correct Answer:
Verified
Q40: In general,the principles of amortisation of intangible
Q41: If an intangible asset is allocated to
Q42: When an intangible asset is acquired by
Q43: An identifiable non-monetary asset without physical substance
Q44: Renouf Limited was involved in a highly
Q45: When subsequent expenditure on intangible assets are
Q46: Which of the following statements is incorrect?<br>A)Intangible
Q47: For an asset to be defined as
Q48: The price that would be received to
Q50: AASB 138 Intangible Assets,requires that which of