Answered step by step
Verified Expert Solution
Question
1 Approved Answer
AASB 138 states that intangible assets:correct one may not be revalued and must be amortised over their useful lives .are only able to be revalued
AASB 138 states that intangible assets:correct one
may not be revalued and must be amortised over their useful lives
.are only able to be revalued if they have been internally generated and there is an active market for them
.may only be revalued to their fair value as assessed by a licensed valuer
.may be measured by using either the cost model or the revaluation model.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started