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IAS-38 :house:, Impairment testing, materials, devices, products,…

- - - - Separately acquired so easy to measurable
      - FED probable
    - - Initially at cost :check:
  - - - Cost = FV of given up, Cost = FV of received(if it more evident), Cost = CA of asset (if transaction lack Commercial substance
    - - By considering to the extent by which its F-Cash flow are expected to change :moneybag:
  - - - FEB
      - Measurement of cost bcz it cannot be distinquish from enchancing& maintaining cost
    - - Research phase
        
        No intangible Asset example are following activities
        
        Obtaining new knowledge
        
        evaluation
        
        Final selection
        
        Research for device, service, product, process
        
        formulation, design for new/improved device/product/materials
      - Development phase recognize only if:
        
        Technical feasibility
        
        Intention to complete
        
        Ability to use/sell
        
        Availability of adequate resource eg. finance, technical .
        
        Reliably measurable + FEB
      - If cannot distinguish than---->Research phase
- - - - Resource :check:
      - FEB :check:
  - - - Exp for non-regenerative resources ie. oil/gas
      - IFRS-6 Exploration and evaluation of mineral assets
      - IAS-32 Financial assets
      - If Scope of another asset
    - - IAS-2 inventories (held for sale)
      - IAS-12 Income tax
      - IFRS-16 Leases
      - IAS-19 Employees benefits
      - IAS-32 Financial assets + IFRS-10 + IAS-27 + IAS-28
      - IFRS-3 Business combinations (Goodwill)
      - IFRS-17 Insurance contracts
      - IFRS-5 NCA held for sale & discontinued operations
      - IFRS-15 Revenue from contracts with customers
    - - then use judgements to assess
        
        If integral part than: PPE
        
        If not then 38
    - - picture films
      - Video recordings
      - Patents & copyrights etc
    - - Computer softwares
      - Motion pictures
      - Patents
      - Copyrights etc