Indicate whether the following statement is true or false:

Deferred tax can arise on items other than temporary differences.

Indicate whether the following is true or false:

The depreciation on an asset is always recognised as an expense in profit or loss, with the contra entry recognised as a credit to the asset’s accumulated depreciation account.

Indicate

whether the following statement is true or false: Deferred tax adjustments are

always recognised in profit or loss.

Select one:

Indicate whether the following is true or false.

The initial cost of an investment property includes its purchase price and directly attributable expenditure.

IAS 38 requires that research costs be expensed but that development costs be capitalised if the recognition criteria for an asset are met (future economic benefits are probable and the asset is reliably measurable).

Select one

Indicate whether the following is true or false.

With respect to the measurement of its investment property, an entity may choose between using the cost model or the fair value model on a property-by-property basis.

Indicate whether the following statement is true or false: 

Customer lists, brands and goodwill that have been internally generated may never be capitalised.

Indicate whether the following is true or false:

Whether or not an entity provides maintenance or other ancillary services related to a property that it owns and rents out to tenants is irrelevant to the potential classification of this property as investment property.

Indicate whether the following statement is true or false:

 Where an intangible asset is initially measured at fair value, this fair value must be measured in terms of an active market.

Indicate whether the following statement is true or false:

Internally generated intangible assets may be capitalised under certain circumstances.