An Intangible Shall Be Recognised If,and Only If

question 5

Multiple Choice

An intangible shall be recognised if,and only if:

• A)it is possible that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably
• B)it is possible that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset cannot be measured reliably
• C)it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset cannot be measured reliably
• D)it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost of the asset can be measured reliably

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Definitions:

Serial Communication Protocols

Standards or systems for the organized transfer of data sequentially over a communication channel between computers and devices.

Closed-Loop

Closed-Loop refers to a system or process that uses feedback to control states or outputs, aiming for stable operation and error correction.

Open-Loop System

A control mechanism that operates without using feedback to adjust its input based on the outputs.

More Complex

Referring to a system or process that has a greater level of intricacy or difficulty.