Examlex
________ consist of the sum of the fixed and variable costs for any given level of production.
AASB 138
The Australian Accounting Standards Board standard that specifies the accounting for intangible assets that are not dealt with specifically in another AASB standard.
Intangible Asset
Non-physical assets owned by a business, such as patents, trademarks, and copyrights, that have economic value.
Finite Life
A term used to describe assets or investments that have a fixed period of utilization or return, after which they cease to produce value.
Amortised
The process of gradually writing off the initial cost of an asset over its useful life.
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