Page 190 - F1 Integrated Workbook STUDENT 2018
P. 190

Chapter 11




               2.3 Internally-generated intangibles

               The following internally-generated intangibles may never be recognised:

                    goodwill

                    brands

                    publishing titles


                    customer lists


               2.4 Purchased intangibles

               Purchased intangibles should be recognised at cost, which could be cash or the fair
               value of shares given in exchange.

               The most common type of intangible that you are likely to deal with in F1 will be
               research and development.



















































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