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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Intangible assets
Hello, I have seen in the M/J 18 examiner report that internally generated software can be capitalised if the criteria is met. Does this also apply to internally generated brands or are brands always prohibited if internally generated?
Internally generated brands can NEVER be recognised as an assets because they indistinguishable from goodwill.
