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Under IFRS, which of the following is classified as an intangible asset?a.Buildingsb.Landc.Goodwilld.InventoryClear my choice

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Under IFRS, which of the following is classified as an intangible asset?a.Buildingsb.Landc.Goodwilld.InventoryClear my choice
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Solution 1

Under IFRS, the classification of assets is based on their nature and characteristics. Intangible assets are defined as non-monetary assets that lack physical substance and are identifiable.

Out of the options provided, the correct answer is c. Goodwill. Goodwill represents the excess of the purch Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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