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Unformatted text preview: cquired in a business recognized if, and only if, an enterprise can demonstrate all
combination that is an of the following:
acquisition, the cost of that (a) the technical feasibility of completing the intangible
asset so that it will be available for use or sale;
intangible asset is based on
its fair value at the date of (b) its intention to complete the intangible asset and use or
An intangible asset may be (c) its ability to use or sell the intangible asset;
acquired free of charge, or for (d) how the intangible asset will generate probable future
economic benefits. Among other things, the enterprise
nominal consideration, by
should demonstrate the existence of a market for the
way of government grant.
output of the intangible asset or the intangible asset itself
or, if it is to be used internally, the usefulness of the
(e) the availability of adequate technical, financial and other
resources to complete the development and to use or sell
the intangible asset; and
(f) its ability to measure the expenditure attributable to the
intangible asset during its development reliably.
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This note was uploaded on 05/02/2013 for the course ECONOMIC economics taught by Professor Economics during the Fall '13 term at Elmont Memorial High School.
- Fall '13
- The Land