AASB 138 Prohibits the Recognition of Intangible Assets Using the Revaluation

question 12

True/False

AASB 138 prohibits the recognition of intangible assets using the revaluation model.

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Definitions:

Motivational

Refers to factors that direct and energize the behavior of humans and other organisms.

Psychological Facts

refer to interesting and often surprising details or findings from the field of psychology about how people think, feel, and behave.

Valence

in psychology, refers to the intrinsic attractiveness (positive valence) or averseness (negative valence) of an event, object, or situation.

Importance

The quality of being significant or valuable in a particular context or to a particular individual or group.