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An entity has been donated an intangible asset on 1 January 20X2. The original cost of the intangible asset was £lm. The
Posted: Thu May 19, 2022 12:22 pm
by answerhappygod
- An Entity Has Been Donated An Intangible Asset On 1 January 20x2 The Original Cost Of The Intangible Asset Was Lm The 1 (18.35 KiB) Viewed 56 times
An entity has been donated an intangible asset on 1 January 20X2. The original cost of the intangible asset was £lm. The fair value of the asset on 01 January 20X2 was £1.4m. The asset has an expected useful life of 15 years. According to IPSAS 31 Intangible Assets, what would the carrying value of the asset be as of 31 December 20x2?