The Criteria in AASB 138 Identified as Being Necessary for an Intangible

question 8

Multiple Choice

The criteria in AASB 138 identified as being necessary for an intangible asset arising from development to be recognised include:

• A)the entity's ability to use or sell the intangible asset
• B)the entity's intention to complete the intangible asset and use or sell it
• C)the entity's ability to measure reliably the expenditure attributable to the intangible asset during its development
• D)all of the above

---

Definitions:

Tourniquet

A device applied to a limb to apply pressure and restrict blood flow, commonly used to control bleeding during surgery or after injury.

Circulation

The continuous movement of blood through the heart and blood vessels, delivering oxygen and nutrients to the body and removing waste products.

William Harvey

A 17th-century English physician known for his contributions to the understanding of blood circulation.

Right Ventricle

A chamber of the heart which pumps oxygen-depleted blood to the lungs.