Present Status of The Rule On Intangibles International Accounting Standards Board (IASB , n .d , gives the important summary of IAS 38 on intangibles as follows : An intangible asset is initially recognized at cost if all of the following criteria are met ?the asset meets the definition of an intangible asset i .e . it is identifiable and controlled by the entity ?it is probable that future economic benefits that are attributable to the asset will flow to the entity and ?the...











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