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Examine the needs for measuring assets at fair value in the following accounting standards:
 
IAS3/AASB 3 Business Combinations

IAS116/AASB116 Property, equipment, plant

IAS138/AASB138 Intangible assets
 
a. How will fair value be determined in each of the standards?

b. What impact could the differences in the methods allowed to calculate fair value have on the financial reports?

c. Do you think the needs for an active market in relation to intangibles assets is justified? What problems could occur if the active market requirement was not included for intangible assets?

Corporate Finance, Finance

  • Category:- Corporate Finance
  • Reference No.:- M9130880
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