AASB 138 Permits the Use of Revaluation Model for Intangible

question 54

True/False

AASB 138 permits the use of revaluation model for intangible assets if there is an active market to determine fair value.

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Definitions:

McDonald's

A global fast-food chain that is recognized for its burgers, fries, and franchising model, operating in numerous countries around the world.

Customer Inquiries

Questions or requests for information from customers about a company's products or services.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization.

Return on Investment

A financial metric that measures the profitability of an investment by dividing the gain from the investment by its cost.