Paragraph 63 of AASB 138 Intangible Assets, prohibits the recognition of which of the following internally generated identifiable intangibles?

Select one:

a.Publishing titles

b.Customer lists

c.Mastheads

d.All of the above

Unless acquired under a business combination, intangible assets must be initially measured using which of the following measurement approaches?

Select one:

a.Net present value

b.Fair value

c.Cost

d.Discounted cash flows

For an asset to be defined as an identifiable intangible, AASB 138 Intangible Assets requires that it meet which of the following criteria?

I.It arises from a contractual or legal right.

II.Its fair value must be able to be reliably measured.

III.It is separable from the entity.

IV.Its cost must be reliably measurable.

Select one:

a.II or III only

b.I or II only

c.I or IV only

d.I or III only