On 1/1/2011, the Inventors Company began developing a vaccine with a research attempt to find a vaccine against swine flu, and on 1/7/2012 results were reached proving the success of the test conducted on many people, and the stage of developing the formulation began to be ready for sale or manufacturing. On this date, all conditions for the recognition of the patent as an intangible asset were fulfilled in accordance with international accounting standards. The project was completed at the end of 2012. The costs incurred by the company from 1/1/2011 to 31/12/2012 were counted as follows: Item cost in dinars Notes 60,000 raw materials were spent on a regular basis per month The wages of 80,000 were disbursed on a regular basis per month 20000 devices have a useful life of two years. They are consumed on a straight line basis and without scrap Patent registration fee 10,000

Required: 1. Calculate and prove the value of the patent that must be capitalized according to Standard 38. 2. What are the conditions for capitalization in this case according to international accounting standards? 3. Are there intangible assets generated internally that are not recorded in the company's books? Explain that with examples. 4. If the company receives an intangible asset as a government grant, how is it accounted for according to international accounting standards?