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QUESTION ONE [20] Pool Days Resort Limited is listed on the JSE securities exchange and owns the following intangible assets: Arm Bands Trademark, Casino license

QUESTION ONE [20]

Pool Days Resort Limited is listed on the JSE securities exchange and owns the following intangible assets:

Arm Bands Trademark,

Casino license for Northern Cape region,

West coast fishing quota (license)

Required:

Determine whether or not Pool Days Resort Limited may revalue its intangible assets

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