Accounting · IAS 38 Intangible Assets
According to IAS 38 'Intangible Assets', which one of the following internally generated items can be recognized as an intangible asset?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Internally generated goodwill built up through high customer satisfaction
- 2A working prototype version of a new machine that uses new technology for testing✓
- 3The title heading, font, and design of the front page of a major newspaper
- 4A customer list built up over the last ten years of trading
Correct answer
A working prototype version of a new machine that uses new technology for testing
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