Examlex
The new version of AASB 1023 has gone some way to reducing the volatility in earnings but:
Initial Cost
The purchase price of an asset or the costs associated with acquiring or producing it, before any depreciation or amortization.
Intangible Assets
Intangible assets are non-physical assets possessed by a business, such as patents, trademarks, and copyrights, that have value and give the business certain rights.
Research And Development
Activities related to the innovation, introduction, and improvement of products and processes.
Trade-In Allowance
The credit a buyer receives for turning in an older item (such as a car) when purchasing a new one, reducing the out-of-pocket cost of the new purchase.
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