4G+12:43 PM12.6KB/s © l6100:17:22 RemainingMultiple ChoiceThe cost of intangible asset acquiredby way of government grant isrecorded atFair valueNominal amount plus directly attributablecostsFair value or nominal amount plus directlyattributable costs, whichever is lowerFair value or nominal amount plus directlyattributable costs, representing an accountingpolicy choice by the entity7 of 25レ

As per IAS 38, Intangible assets are those assets which states the requirements of accounting for…

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Business

Accounting

The cost of intangible asset acquired

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

4G+
12:43 PM
12.6KB/s © l
61
00:17:22 Remaining
Multiple Choice
The cost of intangible asset acquired
by way of government grant is
recorded at
Fair value
Nominal amount plus directly attributable
costs
Fair value or nominal amount plus directly
attributable costs, whichever is lower
Fair value or nominal amount plus directly
attributable costs, representing an accounting
policy choice by the entity
7 of 25
レ

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