Ind As 38 Intangible Assets Recognition And Measurement Useful Life
Recognition and Measurement An intangible asset should be recognised in the financial statements as an intangible asset if it meets the definition of intangible asset and it meets both the recognition criteria mentioned below. An intangible asset should be recognised if, and only if: it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity; andthe cost of the asset can be measured reliably....