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Under IAS 38, Which of the Following Items Is Specifically

question 47

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Under IAS 38, which of the following items is specifically EXCLUDED from being recognized as an internally generated intangible asset?


Definitions:

Output

The total amount of goods and services produced by an economy or an individual business over a specific period.

Total Cost

The complete cost of producing a specific quantity of goods or services, including both fixed and variable costs.

Average Cost

This is the total cost of production divided by the number of goods produced, also known as the cost per unit.

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