Question 3 The Aspen Group, which has been growing ever since its foundation in the 1960s,...

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Question 3 The Aspen Group, which has been growing ever since its foundation in the 1960s, operates over 10,000 shops worldwide, primarily across Europe. Below are extracts on intangible assets software assets - from The Annual Report of the Aspen Group 2023. This is, presumably, the computer software that is used in the various stores to process all the customer transactions as well as monitor stock levels to ensure appropriate levels are held at each location. It is important to realize that all the software capitalized here is most likely already being used by the company to improve its processes. Aspen 2023 Financial Statement (extract) 9. Intangible fixed assets Cost At 1 January 2023 Additions Disposals Exchange differences At 31 December 2023 (a) H - Q 검색 Software £000 14,912 4,399 (37) 16 19,290 Other Intangibles £000 13,702 442 i 113 14,257 Based on the information from the extracts above, discuss why that research into possible new software will not be included in these figures, according to international financial reporting standards. [8 marks] Total £000 I' 28,614 4,841 (37) 129 33,547 ^A 한 오후 6:26 2024-01-10 Question 3 The Aspen Group, which has been growing ever since its foundation in the 1960s, operates over 10,000 shops worldwide, primarily across Europe. Below are extracts on intangible assets software assets - from The Annual Report of the Aspen Group 2023. This is, presumably, the computer software that is used in the various stores to process all the customer transactions as well as monitor stock levels to ensure appropriate levels are held at each location. It is important to realize that all the software capitalized here is most likely already being used by the company to improve its processes. Aspen 2023 Financial Statement (extract) 9. Intangible fixed assets Cost At 1 January 2023 Additions Disposals Exchange differences At 31 December 2023 (a) H - Q 검색 Software £000 14,912 4,399 (37) 16 19,290 Other Intangibles £000 13,702 442 i 113 14,257 Based on the information from the extracts above, discuss why that research into possible new software will not be included in these figures, according to international financial reporting standards. [8 marks] Total £000 I' 28,614 4,841 (37) 129 33,547 ^A 한 오후 6:26 2024-01-10

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According to the information provided in the Aspen Groups 2023 financial statement the intangible assets section specifically mentions software assets ... View the full answer