Subsequent to Initial Recognition of an Intangible Asset,an Entity May

question 35

Multiple Choice

Subsequent to initial recognition of an intangible asset,an entity may choose to measure the asset using either the:

• A)gross model or revaluation model.
• B)cost model or cash flow model.
• C)cost model or revaluation model.
• D)net model or gross model.

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Definitions:

Ad Hominem Fallacy

A fallacy in reasoning where the argument is directed against a person rather than the position they are maintaining.

Credibility

The quality of being trusted and believed in, often based on a reputation for honesty and integrity.

Appeal to Authority

A logical fallacy where the argument relies on the opinion or position of an authority figure instead of concrete evidence.

Expert Credibility

The level of trustworthiness, expertise, and authority attributed to a person based on their knowledge or experience in a particular field.