IAS 38 was issued in 1998 and was revised in 2004 delay with intangible assets who meet recognition criteria under this IAS a) define intangible assets and provide recognition criteria for different types of assets covered in the IAS? 5 marks b) XYZ limited during the year acquired a broadcasting FM radio license from the government. the total cost paid was KES. 30 million. the license is awarded for thirty years and can be renewed for another thirty years for paying the same amount. the management of XYZ is willing to renew the license for ever. required discuss the nature of the asset and provide accounting treatment? 5 marks