AASB 138 Permits Two Bases for Measuring Intangible Assets,subsequent to Initial

question 31

Multiple Choice

AASB 138 permits two bases for measuring intangible assets,subsequent to initial recognition,the cost model and the revaluation model:

• A) in practice the revaluation model is the one that is most commonly applied
• B) the conditions for the use of the revaluation model will only be met on rare occasions
• C) in practice the two models are applied about 50/50
• D) none of the above

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Definitions:

Neural Impulses

Electrical signals that travel along neurons, transmitting information throughout the nervous system.

Wavelengths

The distances between successive crests of a wave, typically used in the physics of light and sound.

Red

A color at the end of the visible spectrum of light, next to orange and opposite violet, with a dominant wavelength of approximately 620-740 nanometers.

Sensory Adaptation

The process in which sensory receptors grow accustomed to constant, unchanging levels of stimuli over time.