CERTYNEX IFRS ACADEMY

On obtaining control of Nexo, the Aldra group takes over an in-process research and development project, protected by patents filed by Nexo. Why does Aldra recognise this project separately from goodwill?

Because Nexo had already capitalised the project expenditure

Because it meets the definition of an intangible asset: in particular, it is identifiable because it arises from legal rights

Because Aldra demonstrated all the development-phase criteria at the acquisition date

Because, in a business combination, all the acquiree's research expenditure is capitalised