In Order to Determine Whether or Not Expenditure Should Be

question 54

Multiple Choice

In order to determine whether or not expenditure should be treated as an intangible asset,the relevant test to apply in Australia is:

• A) It should be recognised when (a) it is definite that future economic benefits will eventuate or (b) the asset possesses a cost or other value that can be measured reliably.
• B) It should be recognised if (a) the expenditure is with an external party in an arm's length transaction for a separately identifiable intangible asset or (b) the intangible asset arises as the difference between the net tangible assets of an entity and the price paid for that entity.
• C) It should be recognised if (a) it is part of a specified plan by management to develop and maintain a separately identifiable asset or (b) the intangible asset was purchased in an arm's length transaction and is actively traded in a market.
• D) It should be recognised when and only when (a) it is probable that future economic benefits will eventuate and (b) the asset possesses a cost or other value that can be measured reliably.
• E) None of the given answers.

Understand the role of self-concept and the journey towards self-realization.

Differentiate between the theories of Freud and Neo-Freudians.

Appreciate the significance of archetypes and collective unconscious in Jung's theory.

Explain the concept of self-efficacy and its effect on personal development.

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Definitions:

High Fever

A condition characterized by an abnormally high body temperature, often indicating an underlying illness or infection.

Falls Asleep

Refers to the transition from wakefulness into sleep, a natural part of the human circadian rhythm.

Whines

Complaining sounds or expressions, often high-pitched and indicative of discomfort, unhappiness, or discontent.

Spontaneous Recovery

The process in classical conditioning by which a conditioned response can recur after a time delay, without further conditioning.