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All of these 3 thanks 4. What are intangible assets? a. Monetary assets with physical substance b. Non-monetary assets without physical substance c. Non-monetary assets
All of these 3 thanks
4. What are intangible assets? a. Monetary assets with physical substance b. Non-monetary assets without physical substance c. Non-monetary assets with physical substance d. Monetary assets without physical substance 5. When measuring an intangible asset initially, which of the following valuation methods must be used? a. fair value b. acquisition price c. market value d. cost 6. If an intangible assets is revalued upward, the increase in value should be credited: a. Profit and loss account b. The equity under revaluation reserve c. To Capital reserve d. To General reserve Step by Step Solution
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