An identifiable nonmonetary asset without physical substance

monetary

long - lived

notebook computer

It is either separable or it arises from contractual and other legal right

It is probable that future economic benefit will arise from the use of the asset and the cost can be measured reliably

cost

Cost less accumulated amortization and impairment losses

Directly attributable costs of preparing the asset for the intended use

Initial operating losses

expensed when incurred

Either fair value or nominal amount or zero plus directly attributable expenditure

One entity acquires another in a business combination

annually

Shall not be reversed in a subsequent year