Question: Quote: the tools many countries use to measure intangible assets are behind the times, so theyre getting an incomplete picture of the economy.(emphasis added, Bill

Quote: the tools many countries use to measure intangible assets are behind the times, so theyre getting an incomplete picture of the economy.(emphasis added, Bill Gates, 16/08/2018)

Required: Discuss how the accounting standard AASB138 Intangibles resolves or does not resolve the issue identified in the quote.

I need your help to identify the relevant issue within the quote, also identify paragraphs in AASB 138 that are relevant to the issue above. And an example to make relevant points. Thank you so much.

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