What is an intangible asset? Provide some examples.

Q: What is the salvage value of the asset?

A: Depreciable cost: It refers to the cost of an asset that is subject to depreciation. Depreciable…

Q: Analyze how different types intangible assets are accounted for.

A: An asset is intangible when it cannot be seen, which means the asset that does not have any physical…

Q: How can be Preservation and Maintenance of the Property can be done?

A: Preservation and Maintenance of Property can be done as follows: The borrower of the property…

Q: What are factors to be considered in estimating the usefullife of an intangible asset?

A:

Q: Describe the accounting for various types of intangible assets.

A: Intangible assets:   These are the long-term assets which are not physical in nature, but possess…

Q: Assets That Are Intangible definition

A: Asset: Assets refer to the resources owned by the business, which are utilized in the course of the…

Q: What characteristics of a plant asset make it different from other assets?

A: Assets means anything which will enable a business enterprise to get cash or benefit in…

Q: What Are Intangible Assets?

A: Intangible assets form a part of the non-current assets of the company.

Q: what are the different types of intangible assets and give examples of each

A: Intangible assets: These are the long-term assets that are not physical in nature, but possess…

Q: What general procedures are applied in accounting for the acquisition and potential cost allocation…

A:

Q: what is the attributes of determining the far value of intangible assets.

A: A non-physical asset is referred to as an intangible asset. Intangible assets contain goodwill, name…

Q: Define Intangible Assets.

A: Definition:   Assets: These are the resources owned and controlled by business and used to produce…

Q: What are intangibles

A: Intangibles: As word refers as we can't touch or see it which means no physical existence .…

Q: Briefly summarize the accounting treatment for intangible assets, explaining the difference between…

A: Intangible assets:

Q: Why is there a need to properly classify a property whether it is an investment or a property, plant…

A: Before making application treatment on property needs to be classification  It will makes proper…

Q: Which statement below regarding the accounting for intangible assets is correct?

A: Intangible asset: Intangible asset is an asset that has no physical existence. In simple words we…

Q: What are the two main characteristics of intangibleassets?

A:

Q: Explain the difference between artistic-related intangible assets and contract-related intangible…

A: Intangible Assets:   Intangible assets are the long-term assets having no physical existence.…

Q: Explain the concept of VALUE IN USE. Why can it be a basis for recoverable amount of an item of…

A: Value in use means the asset’s net worth for the present time. Value in use is used to take decision…

Q: What are some examples of tangible and intangible assets?

A: Introduction:- Assets are mainly categories into two types based on the existence. these are as…

Q: Explain impairment procedures and presentation requirements for intangible assets.

A: Intangible assets are the long-term assets that do not have the physical appearance but it has the…

Q: How can we determine the service life of an asset?

A: A tangible asset is a substantial resource. Tangible resources incorporate fixed resources including…

Q: Explain Intangible assets.

A: An asset refers to the property which is owned by the company. An asset can be classified into…

Q: Explain the difference between Tangible and Intangible Assets

A: Introduction: Assets: Any resource which is having monetary value called as Assets. Assets are to be…

Q: What method is used in the Evaluation Phase of intangible assets

A: Corporate finance is referred as the decision of the firm to take capital investments and other…

Q: Distinguish between property, plant, and equipment and intangible assets.

A: Definition: Property, plant, and equipment: Property, plant, and equipment are the tangible assets…

Q: What methed is used in the Evaluation Phase of intangible assets.

A: Intangible Asset An intangible assets is an asset that's not physical in nature. Goodwill, brand…

Q: Explain what is meant by the impairment of the value of property, plant, and equipment and…

A: Property, Plant, and Equipment:  Property, Plant, and Equipment refers to the fixed assets, having a…

Q: Explain the preferred use of historical cost as the basis for recording property and equipment and…

A: Historic cost is a method of recording the value of assets in the financial statement. According to…

Q: The cost of intangible asset acquired

A: As per IAS 38, Intangible assets are those assets which states the requirements of accounting for…

Q: What does intangible assets includes in its items? Explain them in detail.

A:

Q: Give reasons why depreciation methods are useful?

A: Depreciation: It is the reduction in the value of an asset due to factors like normal usage and…

Q: Briefly discuss why research expenditure is expensed in profit or loss rather than capitalised as an…

A: Research Expenditure Research expenditures are basically the expenses incurred to a firm Company…

Q: Explain Depreciation Methods?

A:

Q: What are the characteristics of an intangible asset?

A: Asset refers to any economic value resource for an individual, corporation or a country. It…

Q: What are the intangible assets? Give some examples?

A: Classification of Assets Assets can be classified in to three categories which are Fixed Assets,…

Q: Property plant and equipment are considered what type of asset?

A: basically classification of asset is done based on the nature of the asset .there are two types of…

Q: Assets Classified as Intagible Assets Required: What is the total amount to be recognized as…

A: Intangible Assets Non current assets has two sub part one is tangible assets and another is…

Q: True or False?

A: Meaning of Right of use asset The right of use asset is recorded by the lessee in the balance…

Q: Analyze the disposal of long-lived tangible assets.

A: The long-lived tangible assets are the fixed assets of the company.