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IAS 38-Intangible assets - Coggle Diagram

- - - - Could be sold, transferred , leased
      - Individually or with a related asset
      - From the entity – not goodwill
- - - - costs of materials and services used or consumed
      - costs of employee benefits arising from the generation of the
        intangible asset
      - other direct costs such as fees to register a legal right.....
- - - - Less subsequent accumulated amortization
      - Less subsequent accumulated impairment losses
      - Fair value at the date of the revaluation
  - - - Begins when ready for use
      - Straight line as the default
      - Residual value is assumed to be nil
      - Reviewed at least annually
    - - No amortisation
      - Annual impairment tests/ when indication of
        loss of value/ life is now finite
        
        RA<CA=> recognized impairment
- - - - Fair value
    - - Different between
        
        Purchase price
        
        Fair value of net assets
      - Recognised as asset
      - No amortisation
  - - - Use carrying amount
  - - - Testing
      - Employment costs
      - Professional fees
    - - Marketing
      - Changing the business operations
      - Administrative overheads