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IAS 16/IAS 38 — Acceptable methods of depreciation and amortisation

Date recorded:

The project manager provided a summary of the project and asked whether the members approved the revised proposed amendments to be finalised.

One board member raised a comment on whether the word “correlated” is the right word and expressed that there is a need for a more precise definition.

Another board member expressed that “correlated” is the right word because intangibles are generally used to create other assets (such as inventory) to generate revenue.

There was a decision taken to proceed with the revised amendments, including some changes based on the comment raised by the board members.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.