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The questions are indicated on the picture 7. Which of the following costs may be capitalized? a. Cost of internally generated goodwill, b. Cost of

The questions are indicated on the picture

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7. Which of the following costs may be capitalized? a. Cost of internally generated goodwill, b. Cost of internally generated mastheads c. Cost of improving an externally purchased goodwill d. Cost of customer list acquired externally 8. Subsequent expenditures on intangible assets are a. expensed immediately. b. capitalized only to extent that the litigation is successful. c. expensed unless they meet the recognition criteria for intangible assets. d. a or b as a matter of accounting policy choice. 9. Under PAS 38 Intangible Assets, intangible assets are amortized a. using straight-line method applied to the shorter of an intangible asset's useful life and legal life b. using an amortization method that best reflects the pattern in which the asset's future economic benefits are expected to be consumed by the entity. c. using a residual value of zero, except in cases where the revaluation model if applied. d. all of these 10. Changes in amortization method, useful life, and residual value are changes in accounting estimates and are accounted for a. prospectively. c, a or b b. retrospectively. d. not accounted

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