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.

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Definitions:

Sterile Capped Needle

A needle that has been sterilized and covered with a cap to maintain its sterility until it is used for medical procedures.

Temporal Lobes

Regions of the cerebral cortex located at the sides of the brain, involved in processing auditory information and encoding memory.

Cerebral Cortex

The outer layer of the brain's cerebrum, involved in complex brain functions such as thought, memory, and consciousness.

Limbic System

A complex system of nerves and networks in the brain, involved in instinct and mood control, governing emotional behavior.