Intangible asset accounting stuck in a pre-digital mire

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. Which of these items is not included in the definition of an intangible asset per IAS 38?

  2. When was IAS 38 Intangible Assets issued?

  3. Which of the following item cannot be capitalised as an intangible asset?

  4. Which of these internally generated items could be capitalised?

  5. What rule applies to the revaluation of intangible assets?

  6. How much did Google show in intangible assets at the time of writing?

  7. Which criteria must be met in order to capitalise development costs?

  8. Which of the following statements could mean an item is identifiable? Statement 1 - it arises from legal or contractual rights, or Statement 2 - It can be sold separately

  9. What is the current status of IAS 38 on the IASB's workplan?

  10. Which, if any, of the following statements is correct? Statement 1 - Internally generated intangible assets can be recognised at fair value in consolidated financial statements, or statement 2 - all intangible assets are subsumed into goodwill in the consolidated financial statements