7. Mr. E, an Articled Clerk, was not sure about which items should be considered as intangible assets in PQ Ltd. According to AS-26, which of the following items should not be recognized as intangible assets? (I) Internally generated Goodwill (II) Compact disk in the case of computer software (III) Copyrights (IV) Computer software for computer-controlled machine tools that cannot operate without that specific software, which is an integral part of the related hardware.
Options
AI & II above
BII & III above
CIII & IV above
DI & IV above
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