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Explain the appropriate treatment of each item

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A company generated a customer list and brand internally, which it deems highly valuable. Management conduct an assessment of the customer list and brand and thinks the value of each is currently $250 million and $150 million respectively. Management also believes that each should have a useful life of 10 years.

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Problem 1: Briefly discuss the appropriate treatment of each item in accordance with IAS 38.

Reference no: EM132933719

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