Which of the following is not a required disclosure regarding intangible assets in the period a company acquires intangible assets?
A) the cost of any intangible assets acquired, separated into assets subject to amortization, assets not subject to amortization, and goodwill
B) for assets subject to amortization, the residual value and the weighted-average amortization period
C) the rate of return used to estimate the value of goodwill purchased
D) the cost of any research and development acquired and written off, and where it is included in the income statement

Question

Quizplus · Accepted Answer

The rate of return used to estimate the value of goodwill purchased is not a required disclosure regarding intangible assets in the period a company acquires intangible assets. Financial reporting standards require disclosure of cost, amortization methods, and research and development costs, but not the internal rate of return for goodwill valuation.

Which of the Following Is Not a Required Disclosure Regarding