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Stephen Widberg.
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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS38 intangibles
Hi there Sir
Going through the bpp kit book
Here examiner has quoted that intangible assets can be carried at cost OR via the revaluation model?
In our opentuition notes there isnt anything mentioned about the revaluation model
Can you please clarify
Thankyou
It’s very rare.
Can only be used if active market for identical assets
Example would be market traders’ licences.
If the client wishes to revalue a brand or whatever – safe to say – ‘no – not allowed’.