Which of the Following Statements Is Correct with Respect to Intangible

question 37

Multiple Choice

Which of the following statements is correct with respect to intangible assets?

• A) Internally generated publishing titles may be revalued if fair value is determined by reference to an active market.
• B) Purchased goodwill should be amortised over a period of 20 years.
• C) Internally generated brands are not recognised as intangible assets because expenditures in these assets are not distinguishable from the cost of developing the business as a whole.
• D) Internally generated brands are recognised as intangible assets because expenditures in these assets are not distinguishable from the cost of developing the business as a whole.

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Definitions:

Day-To-Day Work

Regular, routine tasks and responsibilities that are part of an individual's daily job or life activities.

National Labour Market

The supply and demand for labor, where employers seek workers and individuals seek employment, within a country.

Bricks-And-Mortar

Businesses that have physical stores or outlets in the real world, as opposed to online or virtual presence.

Job Descriptions

Documents or statements that outline the tasks, duties, functions, and responsibilities of a specific job position.