Recognition, evaluation and capitalization of the cost of intangible assets in accordance with IFRS

This article considers initial recognition, estimation and cost capitalization as intangible assets covered by IAS 38 Intangible assets matters. The main attention is paid to internally created intangible assets. There is internally created intangible asset initial recognition example. Post recognition evaluation matters such as intangible asset portion recognition as equipment, impairment test, intangible asset recognition as available for use, subsequent cost recognition and recognition termination matters are considered.