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Purchased customer list

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Purchased customer list

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by AvatarP2-D2.
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  • November 21, 2016 at 1:41 pm #350322
    Avatarzulfi245
    Member
    • Topics: 65
    • Replies: 37
    • ☆☆

    -(customer list,publishing titles) and other intangibles which are prohibited from capitalisation by ias 38 , if they were not internally generated and were actually purchased ,should they be capitalised.

    -if entity Purchased Intangible for immaterial amount, it would not be Relevant (quality of info under framework) . So in that case should we not care whether we capitalise it or expense it OR we have to essentialy expense it(if yes,reason?)

    November 23, 2016 at 6:49 pm #351048
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    If they are purchased they will be capitalised as it is the separate acquisition on an intangible.

    Why would you concern yourself with something that is immaterial?

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