Of Intangible Asset
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IPSAS 31—INTANGIBLE ASSETS - International Federation of ...
www.ifac.orgintangible assets that are not dealt with specifically in another Standard. This Standard requires an entity to recognize an intangible asset if, and only if, specified criteria are met. The Standard also specifies how to measure the carrying amount of intangible assets, and requires specified disclosures about intangible assets. Scope 2.
Illustrative Example of Intangible Asset Valuation - OECD
www.oecd.orgowning the asset, as compared with licensing the asset from a third party. • Brand (most common); • Technology; and, • Know-how. Revenue forecast associated with the intangible asset being valued Expected life of the intangible Notional royalty rate applicable to the intangible Discount rate 1 2 3 4
Part 09-02-05 - Revenue
www.revenue.ieare listed as “specified intangible assets” in section 291A(1). Under generally accepted accounting practice, an intangible asset is defined as an identifiable non-monetary asset without physical substance and may be recognised in a company’s accounts as an intangible asset only if the cost of the asset can be
HKAS 38 Intangible Assets - Hong Kong Institute of ...
www.hkicpa.org.hkthe criteria in HKAS 38 for recognising such expenditure as an intangible asset. Useful life IN9 SSAP 29 was based on the assumption that the useful life of an intangible asset is always finite, and included a rebuttable presumption that the useful life cannot exceed twenty years from the date the asset is available for use.
BDO’S US GAAP AND IFRS COMPARISON SERIES …
www.bdo.comAn intangible asset not yet available for use is tested for impairment in the same manner as an indefinite-lived intangible asset until it is available for use The annual impairment test for an indefinite-lived intangible asset must be a quantitative test The impairment test compares the carrying amount to the recoverable amount (defined above).
Part I Section 1221.-- Capital Asset Defined - IRS tax forms
www.irs.govSince an amortizable section 197 intangible, including a franchise, is property of a character subject to an allowance for depreciation under § 167, it is not a capital asset for purposes of ' 1221. However, if an amortizable section 197 intangible is used in a trade or business and held for more than one year, gain or loss on its sale or exchange
Part I § 704; 1.704-1; 1.704-3.) Rev. Rul. 2004-49 ISSUE
www.irs.govsection 197 intangible. Asset 1 is amortizable in the hands of the partnership. A, B, and C are not related. Situation 2. Situation 2 is the same as Situation 1 except that Asset 1 is not amortizable in the hands of the partnership. LAW Section 197(a) provides that a taxpayer is entitled to an amortization deduction with respect to any ...
Intangible Assets in a Business Combination
www.grantthornton.globalDefinition of an asset (Conceptual Framework paragraph 4.4(a)) An asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity. In addition, an intangible asset other than goodwill is defined as “an identifiable non-monetary asset without