Unlike Values and Beliefs,which Apply More Broadly to a Variety

question 74

Short Answer

Unlike values and beliefs,which apply more broadly to a variety of situations,_________________ are directed toward something or someone specific.

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Definitions:

Amortised

The process of gradually writing off the initial cost of an asset over its useful life.

Internally Generated

Refers to assets or values created within a company through its own processes and activities, rather than acquired externally.

AASB 138

An Australian Accounting Standard Board rule that outlines the accounting requirements for intangible assets not covered by other specific standards.

Finite Useful Lives

refers to the expected period over which an asset is anticipated to be economically beneficial to an entity, after which it is likely to be considered obsolete or worn out.