Chapter 19

Intangible assets

1 Introduction

1.1 Background

2.1 Terms used in IAS 38

2 Objective and Scope of IAS 38

2.1. What is an intangible asset?

2.1.1 Identifiability

2.1.2 Control

2.1.3 Future economic benefits

2.2 Whether to record a tangible or intangible asset

3 Recognition and Measurement

3.1 Recognition

3.2 Measurement

3.3 Subsequent expenditure

4 Separate Acquisition

4.1 Recognition

4.2 Components of cost

4.3 Costs to be expensed

4.4 Income from incidental operations while an asset is being developed

5 Acquisition as Part of a Business Combination

5.1 Recognition of intangible assets acquired in a business combination

5.1.1 Probable inflow of benefits

5.1.2 Reliability of measurement

5.1.3 Identifiability in relation to an intangible asset acquired in a business combination

5.1.3.A Contractual-legal criterion

5.1.3.B Separability criterion

5.2 Examples of intangible assets acquired in a business combination

5.3 Measuring fair value of intangible assets acquired in a business combination

5.3.1 Reliability of measurement

5.3.2 Hierarchy of reliable sources of evidence of fair value

5.4 Customer relationship intangible assets acquired in a business combination

5.5 In-process research and development

6 Acquisition By Way of Government Grant

7 Exchanges of Assets

7.1 Measurement of assets exchanged

7.2 Commercial substance

8 Internally Generated Intangible Assets

8.1 Internally generated goodwill

8.2 Internally generated intangible assets

8.2.1 Research phase

8.2.2 Development ...

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