alleryStart learning →Interest in the cost of an internal intangible follows criteria of which standard?
AAS 15 Employee Benefits
BAS 13 Investments
CAS 19 Lease accounting
DAS 16 Borrowing Costs
Answer & Solution
Correct answer: D. AS 16 Borrowing Costs
AS 16 sets the criteria for treating interest as part of a qualifying asset, and AS 26 applies them to internally generated intangibles.
Keep practising AS 26 Intangible Assets
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Related questions
The cost of reorganising part of an enterprise is:Amortising an intangible over 25 years requires disclosing:Excess of enterprise market value over identifiable net assets is:Which of these is a common example of an intangible asset?Impairment of an intangible is tested by applying which standard?An exclusive 30 year toll road right is expected to be used 30 years. Amortise over:Software of Rs 9 lakh, 3 year life, straight-line, nil residual. Value after 2 years?A patent costing Rs 12 lakh has an 8 year life and no third-party buy-back commitment. Ann