alleryStart learning →After initial recognition, AS 26 carries an intangible at:
ARevalued amount, reserve credit
BCost net of amortisation, impairment
CFair value revalued every year
DLower of cost and market value
Answer & Solution
Correct answer: B. Cost net of amortisation, impairment
The standard allows only the cost model, so the asset is held at cost less accumulated amortisation and impairment.
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