a deadline in the market value of the assets

a means of estimating the amount of money needed to replace the assets

a means of spreading the net cost of non-current assets over their estimated useful life

a means of spreading the payment for non-current assets over a period of years

the assets decreases in value less in later years than in the early years of use

there is no expected residual value for the asset

the expected life of the asset is not capable of being estimated

the asset is expected to be replaced in a short period of time

It is recognised at cost for as long as the entity has the intangible asset

It is recognised at cost and the entity must make an estimate of estimated useful life so that it can be amortised

It cannot be recognised as an intangible asset as it would not be possible to calculate an annual amortisation charge

It is recognised at cost and is subject to an annual impairment review

An intangible asset is an asset which cannot be sold

An intangible asset is always generated internally by a business

An intangible asset is a purchased asset which has no physical substance

An intangible asset is an asset with no physical substance

A increase in net current assets

An increase in sales

A decrease in drawings

A decrease in net current assets

Disclosure notes do not dorm part of the annual financial statements

Disclosure requirements consist only of monetary disclosures

Disclosure requirements consist of both monetary and narrative disclosures

Disclosure requirements consist only of narrative disclosures

At the disposal proceeds value

Cost or valuation - amortisation - impairment = Carrying amount

Cost only without any recognition of amortisation or impairment

The amortisation amount only

Nothing

A letter from the solicitor

The nature of the event and the estimated financial effect

Where the event took place

sales are $100,800 and cost of sales is $60,480

sales are $120,000 and cost of sales is $72,000

sales are $100,800 and cost of sales is $72,000

sales are $120,000 and gross profit is $48,000

$54,000

$26,000

$42,000

$24,000

$3,735,200

$3,451,800

$3,740,800

$3,959,200

Ownership of 100% of ordinary shares of another entity

Ownership of between 20% and 50% of the ordinary shares of another entity

Ownership of less than 20% of the ordinary shares in another entity

Ownership of over 50% and less than 100% of the ordinary shares of another entity

Ability to submit requests regarding corporate policy to the board of directors of that other entity

Ability to appoint at least one person to the board of directors of that other entity

Ability to appoint the majority of the board of directors of that other entity

Ability to appointed to the board of directors of that other entity

Ownership of over fifty per cent of the equity shares of another entity

Ownership of some equity shares in another entity

Ownership of up to twenty per cent of equity shares of another entity

Ownership of between twenty per cent and fifty per cent of the equity shares of another entity

Sales day book and trial balance

Petty cash book and accounts receivables ledger

Petty day book and accounts payable ledger

Petty cash book and journal