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intangible assets - Coggle Diagram

- - - - Cost less acc/ amortization and acc. imparement
    - - Fair value
        
        Active market
        
        sufficient frequency and volume to provide pricing information on an ongoing basis (IFRS 13 Appendix)
        
        eg. licenses and quotas
        
        Frequent intervals
      - Change of cost to revaluation = change in acc. policy (IAS8)
        
        must be accounted for in accordance with IAS 38
- - - - Uselfeul ife= expected utility to the entity
        
        Factors that may influence (IAS 38.90)
      - Economic life = total life of an asset while possession of one or more owners
    - - Residual = nil unless commitment from 3rd part to purchase at end of life or there is an active market