Q » How are intangible assets typically treated under UK GAAP (e.g., FRS 102)?
24 Nov, 2025
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A » Under UK GAAP, specifically FRS 102, intangible assets are recognized at cost if they are identifiable, controllable, and expected to provide future economic benefits. Subsequently, they can be measured using the cost model or the revaluation model if fair value can be determined reliably. Amortization is required over their useful life unless indefinite. Impairment reviews are essential to ensure assets are not carried at more than their recoverable amount.
24 Nov, 2025
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