LLA

Question 1

Measurement tangible, intangible

Answer 1

Tang Hist cost - amortization

Intang - if acquired FV, if incured CFO and capitalize

Question 2

How to capitalize?

Answer 2

Capitalize if brings benefits for more than 1 yr
When capitalized
BS +Asst, -RE, -EQ (because of depreciation)
CFS -CFI
IS gain from exchange

If earn income with borrowed funds ifrs: borrow amount - int inc
Us gaap: same borrow amt

Revaluation model (only under ifrs) report LLA under FV. If FV > CV gain goes to Equity Reval Surplus acct

Impairment write down ifrs: cv-fv-cost = loss IS
Us gaap: cv-fv = loss IS
IFRs allow reversals of impairment