(1) How do businesses determine the fair value of intangible assets and why significant discrepancy between...

 

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(1) How do businesses determine the fair value of intangible assets and why significant discrepancy between book value and market value of the intangible assets? Please note that the students must provide an example by reviewing AASB138 measurement and recognition requirements and the disclosure provided by a company from ASX. Example is (Arnott's Biscuit Limited). Please provide references. (2) What are the limitations businesses face on assessing value of the intangible assets, timing and uncertainty of future cash flows and How AASB138 is in conflict with the AASB Framework for the measurement and recognition of intangible assets. Explain (1) How do businesses determine the fair value of intangible assets and why significant discrepancy between book value and market value of the intangible assets? Please note that the students must provide an example by reviewing AASB138 measurement and recognition requirements and the disclosure provided by a company from ASX. Example is (Arnott's Biscuit Limited). Please provide references. (2) What are the limitations businesses face on assessing value of the intangible assets, timing and uncertainty of future cash flows and How AASB138 is in conflict with the AASB Framework for the measurement and recognition of intangible assets. Explain

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Step 11 1 According to AASB 138 an intangible asset is to be recognized if there is a possibility of ... View the full answer