- 5 Marks
CR – Nov 2018 – L3 – Q2d – IAS 38: Intangible assets
Recommend the carrying amount of various intangible assets, including licenses, software, and rights, in the financial statements of Nyame Ltd for the year ended 31 December 2017.
Question
Nyame Ltd incurred the following expenditure during the year:
The company’s policy is to use the revaluation model for its intangible assets where a market valuation is available and permitted.
Required:
Recommend with suitable calculations the carrying amount of intangible assets at the end of the year 31 December 2017 according to the guidance given in IAS 38: Intangible Assets.
(5 marks)
Find Related Questions by Tags, levels, etc.
- Tags: IAS 38, Intangible Assets, Licenses, Revaluation Model, Software, Website Costs
- Level: Level 3
- Topic: IAS 38: Intangible assets
- Series: NOV 2018
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