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S.No Poll/Quiz A B C D E Correct Ans

Telecom license acquired at 50 for 10 years, renewable at 100

crores for next 10 years. Company intends to renew after 10 years
as the market value of license after 10 years would be much much
1 10 20 B
more than 100 crores is what company estimates. What is the life
of telecom license to be considered today?

Adani Ltd. purchased GUJRAT LIONS franchisee rights for IPLL 500
Crores. The team franchisee rights are for lifetme. However
company can sell this franchise after 3 years. Can company choose
2 Y N B
to consdie the useful life as unlimited / indefinite and not amortise
the asset?

Company bought a computer 50k and then installed a Windows 11

software by purchasing its license separately for 6k. Whether to
add to cost 1 - sepaarte IA and
add cost of windows license to cost of computer? What if it was
3 computer in both case 2 - add to separate IA A
preinstalled along with the PPE/computer itself and the computer
cases computer
costed 55k?

Self generated an IA where company could not distinguish

between research and devt phase hence all exp were chargto
porL.
4 Y N A
Now company wants to measure it fair values using Revaluation
model. Assuming IA has active market is reval model permitted?

Can company folloow Revaluation approach on IA?

5 Y N A