Which of the following is not an intangible asset

Which of the following is not an intangible asset? Research and development costs Franchise Copyrights Trade name Which of the next will not be an intangible asset? Analysis and growth prices Franchise Copyrights Commerce identify

Normal steering

Ideas and purpose
Intangible asset: An intangible asset is an asset which doesn’t have any bodily existence. Intangible property should not bodily verified, similar to patent, copyright, trademark, goodwill, and licenses. These are usually long-lived asset. It lasts for multiple 12 months.
An intangible asset similar to account receivable and pay as you go hire, having quick dwell for lower than one 12 months and therefore it’s recorded as a present asset. An intangible asset doesn’t have any residual worth on the finish of its life.

Fundamentals

The character of the asset is decided based mostly on the existence and its makes use of. If the asset has a bodily existence, then it’s handled as a set asset or present asset. If the asset doesn’t have a bodily existence, then it’s handled as an intangible asset.

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Step-by-step

Step 1 of two

Decide the fallacious choices for an intangible asset: –
Franchisee, commerce identify and the copyright are an intangible asset, as these property don’t have a bodily existence.

Franchisee, commerce identify and the copyright is an intangible asset, as these property don’t have a bodily existence. The franchise is authorized proper to promote items of a branded firm at your personal area. A commerce identify is an intangible asset which lets you use an others commerce identify for operating your personal enterprise. Copyright is bought to make a product which was initially developed by another person.

Don’t deal with franchisee as a tangible asset as it’s an intangible asset which doesn’t have any bodily existence.

With the given info within the query, decide the proper possibility for the intangible asset.

Step 2 of two

Decide the proper possibility for an intangible asset:
Analysis and growth bills should not an intangible asset, it’s handled as an expense for the interval.

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Analysis and growth bills should not an intangible asset.

As per US GAAP, analysis and growth expenditures are handled as an expense for the interval. It has been noticed that technical, pharmaceutical, engineering, and car firm develop some huge cash on the analysis and growth which consists of an enormous quantity. It’s handled as an expense for the interval. Therefore, it isn’t an intangible asset for the corporate.

Don’t deal with analysis and growth bills as an intangible asset as it’s an expense for the corporate.

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Analysis and growth bills should not an intangible asset.

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Analysis and growth bills should not an intangible asset.

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