Intangible Asset – Trademarks Trademarks acquired have finite useful lives and are carried at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is calculated using the straight-line method to allocate the cost of ...
Review Of Useful Life Of Intangible Assets FRS 138: Intangible Assets requires that the useful life of an intangible asset with an indefinite useful life to be reviewed annually to determine whether the useful life assessment continues to be supportable. ...
Intangible Assets Research and Development Expenditure Research expenditure is recognised as an expense when it is incurred. Development expenditure is recognised as an expense except that expenditure incurred on development projects are capitalised as long-te...
Intangible assets Acquired computer software licenses are capitalised on the basis of the costs incurred to acquire and bring to use of the specific software. These costs are amortised over their estimated useful lives. Costs associated with developing o...
Intangible assets i. Brand name The Company’s brand name is stated at cost less any impairment loss. The useful life of the Company’s brand name is estimated to be indefinite because based on the Company’s current product market share, the directors are ...
Intangible assets i. Goodwill Goodwill acquired in a business combination is initially measured at cost being the excess of the cost of business combination over the Group’s interest in the net fair value of the identifiable assets, liabilities and conti...