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    Ias 38

    Uploaded by

    Tayyaba Rehman
    1. Intangible assets like goodwill, software, and licenses are initially recorded at cost and capitalized. Internally generated goodwill cannot be capitalized as its cost cannot be reliably measured. 2. For an intangible asset to be capitalized, it must meet several criteria including it being identifiable, the company controlling it, it generating probable future benefits, and its cost being reliably measured. 3. Research costs must be expensed immediately under IAS 38, while development costs may be capitalized if they meet certain criteria regarding technical and commercial feasibility. Capitalized development costs are recorded as intangible assets.

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    Ias 38

    Uploaded by

    Tayyaba Rehman
    8 views14 pages
    1. Intangible assets like goodwill, software, and licenses are initially recorded at cost and capitalized. Internally generated goodwill cannot be capitalized as its cost cannot be reliably measured. 2. For an intangible asset to be capitalized, it must meet several criteria including it being identifiable, the company controlling it, it generating probable future benefits, and its cost being reliably measured. 3. Research costs must be expensed immediately under IAS 38, while development costs may be capitalized if they meet certain criteria regarding technical and commercial feasibility. Capitalized development costs are recorded as intangible assets.

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    ias 38

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    1. Intangible assets like goodwill, software, and licenses are initially recorded at cost and capitalized. Internally generated goodwill cannot be capitalized as its cost cannot be reliably measured. 2. For an intangible asset to be capitalized, it must meet several criteria including it being identifiable, the company controlling it, it generating probable future benefits, and its cost being reliably measured. 3. Research costs must be expensed immediately under IAS 38, while development costs may be capitalized if they meet certain criteria regarding technical and commercial feasibility. Capitalized development costs are recorded as intangible assets.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    8 views14 pages

    Ias 38

    Uploaded by

    Tayyaba Rehman
    1. Intangible assets like goodwill, software, and licenses are initially recorded at cost and capitalized. Internally generated goodwill cannot be capitalized as its cost cannot be reliably measured. 2. For an intangible asset to be capitalized, it must meet several criteria including it being identifiable, the company controlling it, it generating probable future benefits, and its cost being reliably measured. 3. Research costs must be expensed immediately under IAS 38, while development costs may be capitalized if they meet certain criteria regarding technical and commercial feasibility. Capitalized development costs are recorded as intangible assets.

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    of 14

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