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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Intangible Assets
Whats the rule for presentation of internally generated good will and other internally generated intangibles and purchased good will and other externally purchased intangibles in balance sheet
Nothing for the internally generated goodwill
Other internally generated intangibles are presented in accordance with appropriate standards (for example development costs)
Purchased goodwill is shown on a consolidated statement of financial position at the top of the asset section
Other externally purchased intangibles are shown separately also at the top of the asset section
