Question 21 According to HKAS 38, which of the following should not be treated as intangible asset? I. Mastheads II. Publishing titles III. Trademark IV. Customer list A. I and II B. I and IV C. I, II and IV D. I, II, III and IV Question 22 Limited-life intangibles are reported at their A.replacement cost. B. disposal value C.carrying amount unless impaired. D.acquisition cost. Question 23 All of the following are true regarding recovery of impairments for intangible assets EXCEPT A. No recovery of impairment is allowed for Goodwill. B. After a recovery of impairment has been recognized, the carrying value of the asset reported on the statement of financial position will be the higher of the fair value less cost to sell or the value-in-use. C. The amount of the recovery is limited to the carrying value of the asset that would have been reported had no impairment occurred. D. A recovery of impairment will be reported in the "Other income" section of the Statement of profit or loss and other comprehensive income