If the Cost of an Intangible Asset Cannot Be Measured

question 18

True/False

If the cost of an intangible asset cannot be measured reliably but the fair value can be determined,under AASB 138 Intangible Assets it can be recognised.

---

Definitions:

Opinion Approach

A sales technique where the salesperson begins the conversation by asking for the potential customer's opinion on a topic relevant to the product or service.

Customer Benefit Approach

A sales strategy focusing on highlighting the advantages and improvements a product or service can bring to a customer's life or business.

Unique Gift

A special and one-of-a-kind present designed to surprise or please someone.

Gratitude

The feeling of thankfulness or appreciation, often expressed towards others for help received, kindness, or meaningful gestures.