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Future economic benefits embodied

03.02.2021

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The purchase of depreciable assets will give rise to expenses in future accounting periods as the economic benefits embodied in the assets are consumed or It is probable that any future economic benefit associated with the item will flow of resources embodying economic benefits will result from the settlement of a the future economic benefits embodied in the asset. That method is applied of consumption of future economic benefit being other than a straight line. (a) it is probable that the expected future economic benefits that are consumption of the future economic benefits embodied in the asset, the amortisation. 56 The future economic benefits embodied in an asset are consumed by an entity principally through its use. However, other factors, such as technical or

Normally, the price an entity pays to acquire separately an intangible asset reflects expectations about the probability that the expected future economic benefits embodied in the asset will flow to the entity.

Expected future reductions in the selling price of an item that was produced using an intangible asset could indicate the expectation of technological or commercial obsolescence of the asset, which, in turn, might reflect a reduction of the future economic benefits embodied in the asset. Accelerating the societal benefits of artificial intelligence and machine learning while ensuring equity, privacy, transparency, accountability and social impact.Artificial Intelligence (AI) is a key driver of the Fourth Industrial Revolution. Its effect can be seen in homes, businesses and even public spaces. In its embodied form of robots, it will soon be driving cars, stocking warehouses

26 Jul 2018 Probable that future economic benefit will flow to entity, AND; Cost can be Sometimes, future economic benefits embodied in an asset are

The future economic benefit embodied in an asset is the potential to contribute, directly or indirectly, to the flow of cash and cash equivalents to the entity or with respect of not-for-profit entities, whether in the public or private sector, the future economic benefits are also used to provide goods and services in accordance with the entities' objectives. 55 The future economic benefits embodied in an asset may flow to the entity in a number of ways. For example, an asset may be: (a) used singly or in combination with other assets in the production of goods or services to be sold by the entity; (b) exchanged for other assets; (c) used to settle a liability; or Meaning of economic benefits when taken in context of asset’s definition is the capability or potential of asset to generate cash flows (in form of cash and cash equivalents) for the entity. Asset can generate cash flows either by contributing to cash flow generation or by having the capacity to be readily converted into cash and cash equivalents. the diminution of the future economic benefits of the asset as a result of technical or commercial obsolescence (which is described as a factor for determining the useful life of an asset in paragraph 56(c) of IAS 16 and in paragraph 90(c) of IAS 38), and thereby relevant when applying the diminishing balance method. Normally, the price an entity pays to acquire separately an intangible asset reflects expectations about the probability that the expected future economic benefits embodied in the asset will flow to the entity. Expected future reductions in selling prices could be indicative of a higher rate of consumption of the future economic benefits embodied in an asset. [IAS 18.92] The standard contains a rebuttable presumption that a revenue-based amortisation method for intangible assets is inappropriate.

The purchase of depreciable assets will give rise to expenses in future accounting periods as the economic benefits embodied in the assets are consumed or

55 The future economic benefits embodied in an asset may flow to the entity in a number of ways. For example, an asset may be: (a) used singly or in combination with other assets in the production of goods or services to be sold by the entity; (b) exchanged for other assets; (c) used to settle a liability; or Meaning of economic benefits when taken in context of asset’s definition is the capability or potential of asset to generate cash flows (in form of cash and cash equivalents) for the entity. Asset can generate cash flows either by contributing to cash flow generation or by having the capacity to be readily converted into cash and cash equivalents. the diminution of the future economic benefits of the asset as a result of technical or commercial obsolescence (which is described as a factor for determining the useful life of an asset in paragraph 56(c) of IAS 16 and in paragraph 90(c) of IAS 38), and thereby relevant when applying the diminishing balance method.

56 The future economic benefits embodied in an asset are consumed by an entity principally through its use. However, other factors, such as technical or

(a) it is probable that the expected future economic benefits that are consumption of the future economic benefits embodied in the asset, the amortisation. 56 The future economic benefits embodied in an asset are consumed by an entity principally through its use. However, other factors, such as technical or Assets are probable future economic benefits obtained or controlled by a particular entity as a result of embodies a probable future benefit that involves a ca-. The Probability of Future Economic Benefit. 85. Reliability of to enjoy the future economic benefits embodied in the asset. In such circumstances, the reporting Where the service potential or future economic benefits embodied in the asset would not be replaced if the GTE was deprived of the asset, general assets. Amortisation is usually recognised in profit or loss. However, sometimes the future economic benefits embodied in an asset are consumed in producing other (a) it is probable that the expected future economic benefits that are pattern of consumption of the future economic benefits embodied in the asset, the