Other
FAC3764 Assessment 4
- Course
- Fac3764
- Institution
- University Of South Africa (Unisa)
FAC3764 Assessment 4 Answers
[Show more]
2 reviews
By: sedimamakgohlo • 1 year ago
By: sdsharrock • 1 year ago
Content preview
FAC3764Assessment 4 2023
Indicate whether the following statement is true or false:
Before an item may be recognised as an intangible asset, the entity must have cont
rol over that item.
Indicate whether the following statement is true or false:
Before an item may be recognised as an intangible asset, the entity needs to have
legally enforceable rights over the future economic benefits expected from that item.
Indicate whether the following statement is true or false:
Costs involved in the development phase that fail to meet the criteria necessary for
capitalisation would be expensed but may be capitalised in a subsequent period if
the criteria for capitalisation are subsequently met.
Indicate whether the following statement is true or false:
Customer lists, brands and goodwill that have been internally generated may never
be capitalised.
Indicate whether the following statement is true or false:
The entity is required to estimate the recoverable amounts of intangible assets that
are ‘not yet available for use’ whether or not there is an indication of impairment.
However, if a recent and detailed calculation of such an asset’s recoverable amount
existed from a prior year, it is possible, under certain circumstances, for yet another,
revised calculation of the estimated recoverable amount to be avoided (and the prior
but recent estimation of recoverable amount to be used instead).
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller 007D. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R80,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82871 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now