Page 9 - 2018 Finac1 Test 3 Class Slides - 2. Intangible Assets
P. 9
TEST 3 PREPARATION
Outcomes
• Measure intangible assets after the initial
recognition by applying either the cost model or
the revaluation model.
• Amortise intangible assets taking the residual value
and economic benefits into account.
• Recognise and account for impairment losses to
intangible assets.
• Calculate and account for profits and losses with
the retirement or disposal of intangible assets.
• Disclose intangible assets in the financial
statements.
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