CAF-1 · Chapter 6 · Question 2 of 15
Which of the following items is explicitly EXCLUDED from the scope of IAS 38 Intangible Assets?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Intangible assets held for sale in the ordinary course of business.
Explanation
Intangible assets held for sale in the ordinary course of business are excluded from IAS 38 and are instead accounted for under IAS 2 Inventories.
More IAS 38 Intangible Assets MCQs
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