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Summarize the relevant requirements of AASB 138 Intangible Assets with respect to accounting for Goodwill and Research & Development costs (including paragraph citations) and discuss

Summarize the relevant requirements of AASB 138 Intangible Assets with respect to accounting for Goodwill and Research & Development costs (including paragraph citations) and discuss how these requirements impact the balance sheet and income statement in the short- and long term.

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