WebIND AS – 38: INTANGIBLE ASSETS. MEANING. Intangible Asset are asset which are. Identifiable. Non- Monitory in nature. Without any physical substance. For example Patent, … WebTechnical articles. Intangible assets – can’t touch this. IAS® 38 Intangible Assets is one of the key standards in the Financial Reporting (FR) exam, covering how companies should account for intangible assets. This standard can be examined in all sections of the exam. A well-prepared candidate needs to be able to understand and explain ...
Ind AS 38 Indian accounting standard: Intangible assets - Housing …
WebIAS 16 AND IAS 38\⤀ 䤀匀匀唀䔀䐀 䤀一 䴀䄀夀ꀀ㈀ ... useful life (b) from which future economic benefits are expected to flow to the entity. 1. Carrying amount. is the amount at which an asset is recognised in the statement of financial position after deducting any accumulated amortisation and accumulated impairment losses ... WebAccordingly, Ind AS 38, Intangible Assetsspecifies that the accounting for an intangible asset is based on its useful life. An intangible asset with a finite useful life is to be amortised, however, an intangible asset with an indefinite useful life is not amortised. green hill music id
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WebOct 31, 2024 · Exposure Draft AS 38 is keeping the same terms with existing standard AS 26 and is based on the assumption that the useful life of an intangible asset is always finite, … WebOct 27, 2024 · Useful life can be in Ind AS 38 Intangible Assets or fictitious assets : (a) The interval over which an asset is having expectation in which it can be available for use by … WebIND AS – 38: INTANGIBLE ASSETS. MEANING. Intangible Asset are asset which are. Identifiable; Non- Monitory in nature; Without any physical substance ... Used shorter estimated useful life. If life is indefinite then we do not amortize. Patents. Rs. 100000. Used shorter estimated useful life. If life is indefinite then we do not amortize green hill music company