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Additional Problem 18 The accountant of Houli Pty Ltd is confused. She is not sure of how to treat the firm's two brand names. Brand
Additional Problem 18 The accountant of Houli Pty Ltd is confused. She is not sure of how to treat the firm's two brand names. Brand name A was purchased from a competitor. Brand name B was internally generated. a) The accountant needs guidance on how to account for the two brand names in accordance with relevant AASB Accounting Standards Required (i) Explain to the accountant how they should initially treat each brand name (i) Explain to the accountant how they should treat each brand name in subsequent years
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