Which criteria under IAS 38 would be met if there is a "project budget that outlines the specific costs, so the costs of the project are likely to be measured with sufficient reliability"?
A)Measurement reliability.
B)Management intention.
C)Technical feasibility.
D)Resource adequacy.

Question

Quizplus · Accepted Answer

The project budget outlining specific costs indicates that the costs of the project can be reliably measured, which is a characteristic of measurement reliability under IAS 38. Management intention relates to the intention to use the asset, technical feasibility relates to the ability to develop or create the asset, and resource adequacy relates to the availability of resources to complete the project. While these may also be important considerations for recognizing an intangible asset under IAS 38, they are not directly related to the given criteria.

Which Criteria Under IAS 38 Would Be Met If There