AASB 138 Intangibles Requires Which of the Following Items to Be

question 4

Multiple Choice

AASB 138 Intangibles requires which of the following items to be disclosed in relation to intangibles?

• A) Whether the life of the intangible is finite or indefinite.
• B) The amortisation method used for intangibles with a finite life.
• C) A reconciliation of the beginning and ending carrying amounts for the reporting period.
• D) All of the options are required disclosures.

---

Definitions:

Revealed Preferences

The theory that consumers' preferences can be determined by their purchasing habits and behavior rather than through their expressed desires or responses to surveys.

Preferences

The subjective tastes or desires of individuals or entities, which determine their choices among various options.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, contrasting with normal goods.

Price Increase

A rise in the cost of goods or services.