Which of the Following Is Specifically Prohibited from Recognition as an Intangible

question 19

Multiple Choice

Which of the following is specifically prohibited from recognition as an intangible asset according to AASB138?

• A)Training.
• B)Internally generated brands.
• C)Research.
• D)All of the above.

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Definitions:

Nonbreaching Party

An entity or individual in a contract who has not violated any terms of the agreement.

Satisfaction

The fulfillment or discharge of an obligation such as paying off a debt, completing a contractual duty, or resolving a legal claim.

Subjective Standard

A standard for decision-making that is based on personal feelings, tastes, or opinions, varying from person to person.

Objective Standard

A legal benchmark that uses a reasonable person's perspective to evaluate an individual's actions or decisions in a given situation.