How to advise on the accounting treatment for the purchase

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Reference no: EM132557292

Situation:

Company A buy customer list from company B,. The auditors of the buyer said that the price paid for the customers list is an expense in the profit or loss.

Problem 1: How to Advise on the accounting treatment for the purchase of customers' list, according to the relevant accounting standard.

Reference no: EM132557292

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