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Tags
#cfa-level-1 #financial-reporting-and-analysis #reading-26-understanding-balance-sheets
Question
At what cost are identifiable intangible assets generally recorded
Answer
only when purchased (at acquisition costs)

Tags
#cfa-level-1 #financial-reporting-and-analysis #reading-26-understanding-balance-sheets
Question
At what cost are identifiable intangible assets generally recorded
Answer
?

Tags
#cfa-level-1 #financial-reporting-and-analysis #reading-26-understanding-balance-sheets
Question
At what cost are identifiable intangible assets generally recorded
Answer
only when purchased (at acquisition costs)
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Subject 2. Measurement Bases of Assets and Liabilities
ion. See Reading 29 [Long-Lived Assets] for details. Intangible Assets Intangible assets are long-term assets that have no physical substance but have a value based on rights or privileges that belong to their owner. <span>Generally, identifiable intangible assets are recorded only when purchased (at acquisition costs). The cost of internally developed identifiable intangible assets is typically expensed when incurred. For example, R&D costs are not in themselves intangible assets. They should be

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