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MC Question 2
Which of the following statements relating to intangible assets is true?
| A | All intangible assets must be carried at amortised cost or at an impaired amount; they cannot be revalued |
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| B | The development of a new process which is not expected to increase sales revenues may still be recognised as |
| C | Expenditure on the prototype of a new engine cannot be classified as an intangible asset because the prototype |
| D | Impairment losses for a cash generating unit are first applied to goodwill and then to other intangible assets before |