Transcription of Capitalisation of internally generated intangible assets
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Capitalisation of internally generated intangible assetsMay companies operating within the gaming industry have intangible assets on their balance sheet. Although intangible assets do not have a physical substance, they can be a significant element for companies to be able to operate successfully. Examples of such assets include platforms, games and other software specific to the business criteria apply to all intangible assets , whether acquired separately, acquired in a business combination or generated 38 intangible assets states that to meet the definition of an intangible asset , an item lacks physical substanceis identifiablenon-monetary is controlled by the entityexpected to provide future economic benefits to the entityIt may be challenging to assess whether an internally generated intangible asset qualifies for recognition, due to issues in.
and other software specific to the business’ operations. These criteria apply to all intangible assets, whether acquired separately, acquired in a business combination or generated internally. 2 IAS 38 Intangible Assets states that to meet the definition of an intangible asset, an item lacks physical substance is identifiable non-monetary
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