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    karunya vadigoppula
    IAS 38 provides guidance on accounting for intangible assets. Key points include: - Intangible assets can be identifiable non-monetary assets without physical substance. - Intangible assets are initially measured at cost. Subsequent expenditure is generally recognized as an expense unless it meets criteria to be recognized as part of the cost of the intangible asset. - Intangible assets with finite useful lives are amortized over their useful economic lives. Intangible assets with indefinite useful lives are tested annually for impairment.

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    Null 13

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    karunya vadigoppula
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    IAS 38 provides guidance on accounting for intangible assets. Key points include: - Intangible assets can be identifiable non-monetary assets without physical substance. - Intangible assets are initially measured at cost. Subsequent expenditure is generally recognized as an expense unless it meets criteria to be recognized as part of the cost of the intangible asset. - Intangible assets with finite useful lives are amortized over their useful economic lives. Intangible assets with indefinite useful lives are tested annually for impairment.

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    IAS 38 provides guidance on accounting for intangible assets. Key points include: - Intangible assets can be identifiable non-monetary assets without physical substance. - Intangible assets are initially measured at cost. Subsequent expenditure is generally recognized as an expense unless it meets criteria to be recognized as part of the cost of the intangible asset. - Intangible assets with finite useful lives are amortized over their useful economic lives. Intangible assets with indefinite useful lives are tested annually for impairment.

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    © All Rights Reserved
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    16 views2 pages

    Null 13

    Uploaded by

    karunya vadigoppula
    IAS 38 provides guidance on accounting for intangible assets. Key points include: - Intangible assets can be identifiable non-monetary assets without physical substance. - Intangible assets are initially measured at cost. Subsequent expenditure is generally recognized as an expense unless it meets criteria to be recognized as part of the cost of the intangible asset. - Intangible assets with finite useful lives are amortized over their useful economic lives. Intangible assets with indefinite useful lives are tested annually for impairment.

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    IAS 38: LNTANG1BLE A sseTs (TA)

    OTtangude diset (2 Ldentitiable meand


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