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Which of the following statements in relation to intangibles is correct?
Separate disclosures are required for internally generated intangibles.
Where the cost model is used, specific disclosures are required including assumptions made on estimating fair values.
Disclosures about the useful lives of intangibles are required with explanations being required where assets are assessed to have finite useful lives.
AASB 138 requires disclosures about an entitys intangible assets to be made on an asset by asset basis.
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