CERTYNEX IFRS ACADEMY

An entity acquires production planning software. Which of the following items form part of the cost of the intangible asset?

Training the future users of the software.

The purchase price, after deducting the trade discount.

Non-refundable taxes related to the purchase.

VAT invoiced by the vendor and recoverable by the entity.

The fees of the integrator who installs and configures the software.

The costs of testing that the software functions properly before it goes live.

Operating losses in the first month of using the software.