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Under Ind AS 103, an 'assembled workforce' acquired in a business combination is:
ARecognised as a contingent asset
BRecognised as a long-term receivable
CRecognised as a separate identifiable intangible asset
DSubsumed into goodwill — it does not meet the criteria of an identifiable intangible asset
Answer & Solution
Correct answer: D. Subsumed into goodwill — it does not meet the criteria of an identifiable intangible asset
Assembled workforce is explicitly NOT a separately identifiable intangible (no contractual/legal rights, not separable from the entity). Its value subsumes into goodwill.
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