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At what value would the intangible assets be carried

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Question - A company has three intangible assets which it currently carries at cost. The details are as follows:

Patent £100,000

No active market Quota £150,000

Fair value = £180,000

Operating licence £200,000

Fair value = £220,000

The directors wish to revalue all of the intangible assets to carry them at fair value. Although there is no active market for the patent, the directors believe that it could be sold for £140,000. At what value would the intangible assets be carried if the revaluation model were adopted and the assets carried at fair value?

A. £450,000

B. £490,000

C. £500,000

D. £540,000

Reference no: EM132556988

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