1) Based on your knowledge of the entity (FijiTV)select any intangible asset (excluding goodwill) which it may recognize under IAS 38. Describe the nature of the asset and explain why the entity is permitted to recognize it. NOTE: the entity may not necessarily be recognizing the asset at present.
2)Select any class of property, plant and equipment (PP&E) which the entity currently reports on its Balance Sheet. Discuss the benefits and challenging of revaluing that asset class.