Free essay: (1 mark) answer: an active market cannot exist for brands, newspaper mastheads, music and film publishing rights, patents or trademarks, because. Ias 38 was revised in march 2004 and applies to intangible assets acquired in business combinations occurring on or after 31 march 2004, or otherwise to ot. Read this essay on intangible assets come browse our large digital warehouse of free sample essays get the knowledge you need in order to pass your classes and more. Three key things that emerge from the analysis of this work named measuring the strategic readiness of intangible assets and written for harvard business review in 2004are: 1 identification of the important intangible assets in a business organization 2 mapping these intangible assets to a business's strategy 3.
Intangible assets quiz questions ans essay advanced financial accounting 260 intangible assets quiz questions 1 list two assets which would not meet the ‘identifiable’ aspect of the definition of an intangible asset (2 marks) answer: goodwill and knowledge.
An intangible asset, despite not having a physical form to it, has great value to a company and is to be disclosed in the financial reports some companies only disclose the brand and goodwill as their only intangible assets, while others include more such as software and the company trademarks (loftus et al 2012. The case study addressed the issues relating to intangible assets it concentrated on explaining the nature of intangible assets and the valuation.