Refresh or test your accounting knowledge on Intangible Fixed Assets:
| QUESTIONS:1.0 List three factors which might help to create goodwill in a business
2.0 Why is it unusual to record goodwill as an asset in the accounts? 3.0 What is purchased goodwill? 4.0 What two methods of accounting for purchased goodwill are permitted by Accounting Standards 5.0 What is the required accounting treatment for expenditure on research 6.0 In what circumstances may development expenditure be capitalized?
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