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MR Mike
if i created trade mark internally i know that i cannot recognize it but after many years i expensed to improve this trademark for example change the logo and style of menues .
should i recognize this expenses as intangble assets ?Thanks
No, it’s still an expense.
How can you capitalise expenditure on an asset when that asset doesn’t exist?
Not that I’m aware of – I believe that these extracts from IAS 38 make it abundantly clear!
“Examples of intangible assets: (lots of others missed off this post)
trademarks, trade dress, newspaper mastheads, internet domains”
“Initial recognition: internally generated brands, mastheads, titles, lists
Brands, mastheads, publishing titles, customer lists and items similar in substance that are internally generated should not be recognised as assets.”
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