In accordance with AASB 3 Business Combinations,if an intangible asset is acquired in a business combination,the cost of the asset is its:
A)fair value at the combination date.
B)fair value at the acquisition date.
C)current replacement cost at the acquisition date.
D)discounted present value at the acquisition date.

Question

Quizplus · Accepted Answer

The Answer is B

In Accordance with AASB 3 Business Combinations,if an Intangible Asset