Advice on reporting its intangible assets

Assignment Help Cost Accounting

Reference no: EM133424608

Question: NovoMed Limited (NML) is a publicly listed company on the Australian Securities Exchange (ASX) in Australia. NovoMed focuses on developing medicine for global pandemics using innovative medical devices. Specifically, NovoMed is developing the NovoSorb technology for use in a range of biodegradable medical devices. Due to the growth of the business, the company wants to expand its business to other markets and list on other stock exchange markets such as London Stock Exchange Group (LSEG) in the UK, New York Stock Exchange (NYSE) in the US, and Shanghai Stock Exchange (SSEC) in China. NovoMed seeks advice on reporting its intangible assets, especially the treatment of R&D expenditure.

Reference no: EM133424608

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