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Ind as 38
Financial Reporting
Is coustomer list intangible asset or it can be recognised if cost is measurable
Answers (1)
If the separability criteria is met then, Acquired Customer Lists: If acquired separately (e.g., purchase of a database), it is recognized at cost. If acquired in a business combination, it is recognized at its fair value as part of the purchase price allocation. Internally Generated Customer Lists: A customer list developed internally cannot be recognized as an intangible asset. Costs of developing or maintaining customer relationships are typically expensed as incurred because it is challenging to reliably measure the cost or demonstrate control over the asset.
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