Search Definitions

Monetary assets are money held and assets to be received in fixed or determinable amounts of money. …

Research is original and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge and understanding. …

The residual value of an intangible asset is the estimated amount that an entity would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the …

Useful life is: (a) the period over which an asset is expected to be available for use by an entity; or (b) the number of production or similar units expected to be obtained from the asset by an …

Carrying amount is the amount at which an asset is recognised after deducting any accumulated depreciation (amortisation) and accumulated impairment losses …

A cash-generating unit is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of …

Corporate assets are assets other than goodwill that contribute to the future cash flows of both the cash-generating unit under review and other cash-generating …

Costs of disposal are incremental costs directly attributable to the disposal of an asset or cash-generating unit, excluding finance costs and income tax …

Depreciable amount is the cost of an asset, or other amount substituted for cost in the financial statements, less its residual value. …

Depreciation (Amortisation) is the systematic allocation of the depreciable amount of an asset over its useful life. [1] …