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Internally generated brands may never be capitalised. True or False?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/02/15
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Jafar Ali Wahed Mohammed
by Jafar Ali Wahed Mohammed , Finance Manager , Al Jubiri Group

True :  As per IAS 38: Intangible Assets, Internally Generated Goodwill shall not be capitalised. (Para 48) 

 

 

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