The cost of intangible asset at initial recognition is measured at its fair value when,

Related MCQs

• Carrying amount of an asset as on 1st April 2015 is Rs. 1500000 and depreciation for the year 2015 – 2016 is 15000. Fair value of the asset less cost of disposal as on 31 March 2016 is Rs. 120000. Which of the following is the carrying amount at 1st April 2106?
• A biological asset used in agricultural activity whose fair value is readily determinable without undue cost or effort is accounted for using:
• An item of property , plant and equipment that qualifies for recognition as an asset shall be measured at
• An entity must measure its Property, Plant and Equipment after initial recognition at,
• When the recoverable amount of an asset is less than its carrying value in the statement of financial position, the asset is said to be
• An intangible asset (other than goodwill) is,
• An intangible asset is identified when,
• The useful life of an intangible asset may be,
• Useful life of an intangible asset with finite useful life is reviewed at …
• Present value of expected future cash flows generated by an asset, plus its expected disposal value is called.