alleryStart learning →How are internally generated brands and customer lists treated?
ARecognised at cost
BNot recognised as assets
CRecognised at fair value
DAmortised over 20 years
Answer & Solution
Correct answer: B. Not recognised as assets
Their expenditure cannot be distinguished from the cost of developing the business as a whole.
Keep practising Ind AS 36 Impairment of Assets and Ind AS 38 Intangible Assets
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