In AASB 138,an 'identifiable non-monetary asset without physical substance',is the definition of:
A) an intangible asset
B) cash at bank
C) goodwill
D) none of the above

Question

Quizplus · Accepted Answer

AASB 138 defines an 'identifiable non-monetary asset without physical substance' as an intangible asset, which is the only relevant option listed among the answer choices. Cash at bank and goodwill are both monetary assets, while none of the above is not a relevant answer as there is a specific definition provided in the question.

In AASB 138,an 'Identifiable Non-Monetary Asset Without Physical Substance',is the Definition