What two models are permitted by AASB for measuring intangible assets subsequent to initial recognition.
A) Basis and fair value
B) Cost and revaluation
C) Cost and fair value
D) Revaluation and expected use

Question

Quizplus · Accepted Answer

AASB 138 Intangible Assets permits two models for measuring intangible assets subsequent to initial recognition: cost model and revaluation model.

What Two Models Are Permitted by AASB for Measuring Intangible