Intangible Assets Are Not Depreciated Under AASB 116 Because

question 35

Multiple Choice

Intangible assets are not depreciated under AASB 116 because:

• A) they do not have a finite life.
• B) they are now amortised under AAS 138, which provides specific guidance on intangibles.
• C) intangible assets only appreciate and so cannot be depreciated.
• D) intangibles are not physical assets and so are not subject to wear and tear.

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Definitions:

Matched-Pairs Sampling

A sampling method that involves pairing up subjects based on certain criteria before applying different treatments to each member of the pair.

Extraneous Factors

Variables that can influence the outcome of an experiment but are not the variables being studied.

Control Group

A group in an experiment that does not receive the treatment being tested and is used as a benchmark to measure how the other tested groups do.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, crucial for estimating population parameters.