1) How does Goodwill under IFRS 3 be measured at Acquisition Date? 2

1. In IFRS 3 the calculation of goodwill at the date of acquisition as the net of the acquisition - date amounts of the assets acquired and the liabilities assumed.

OR

Consideration paid by the parent = non-controlling interest - fair value of the subsidiary's net identifiable assets

2. Intangible asset is non physical in nature.Examples of intangible assets are Goodwill,brand recognition and intellectual property such as patent ,trademark,copyright

The main feature of intangible assets are

• they lack physical existence
• they are not financial instruments

Intangible assets are identifiable ,non monetary assets without physical existence.

They appear on the company's balancesheet.