Question: 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

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 Software 000 Other Intangibles 000 Total 000

Cost At 1 January 2023 14,912 13,702 28,614

Additions 4,399 442 4,841

Disposals (37) - (37)

Exchange differences 16 113 129

At 31 December 2023 19,290 14,257 33,547

Question: 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

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