Quote:
Originally Posted by Jeewhizz  FRS10 sets out the principles of accounting for goodwill and intangible assets. Its aims are to ensure that:
* Capitalised goodwill and intangible assets are charged to the profit and loss account as they are depleted.
* Sufficient information is disclosed to enable users of the financial statements to determine the impact of goodwill and intangible assets on the financial position and performance of the entity. http://www.hmrc.gov.uk/manuals/cirdmanual/CIRD30510.htm |
It doesn't just cover depletion, if covers areas where intangible assets can be re-valued upwards providing fair market valuation can be achieved and there is longevity...