Eligibility for Recognition as Intangible Assets under IAS 38

This topic has 3 replies, 2 voices, and was last updated 1 year ago by John Moffat.

Viewing 4 posts - 1 through 4 (of 4 total)

Author
Posts
September 26, 2024 at 3:39 pm #711761
zumrudaliyeva
Participant
- Topics: 28
- Replies: 8
Dear sir,
Is “a working version of a new machine that uses new technology used for testing of the prototype apparatus” eligible or ineligible to be recognised as intangible assets in accordance with IAS 38 Intangible Assets?
September 26, 2024 at 4:04 pm #711762
John Moffat
Keymaster
- Topics: 57
- Replies: 54845
It is not an intangible asset (because it has physical substance).
September 27, 2024 at 8:21 am #711788
zumrudaliyeva
Participant
- Topics: 28
- Replies: 8
Thank you so much!
September 28, 2024 at 8:59 am #711815
John Moffat
Keymaster
- Topics: 57
- Replies: 54845
You are welcome
Author
Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.