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Stephen Widberg.
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Jiya024
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Dear Professor,
Is it possible by any chance that a purchased intangible asset does not meet the recognition criteria under IAS 38?
Many thanks!
Stephen Widberg
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Yes – if there is no probable inflow of benefits.
Imagine a celebrity has been jailed for a horrible crime, and you buy a brand name which uses that celebrity’s name. No one will buy your product.
Jiya024
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