Question
In order for a tangible asset to be recognised by an acquirer under a business combination it must be probable that future economic benefits will
In order for a tangible asset to be recognised by an acquirer under a business combination it must be probable that future economic benefits will flow to the acquirer and:
it must be a non-current item.
its fair value can be measured reliably.
it must be measured using the present value method.
it may not be a non-monetary asset.
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Advanced Accounting
Authors: Debra JeterJames Reeve, Jonathan Duchac, Horace Brock, Paul Chaney
4th Edition
0470506989, 978-0470506981
