What Are Intangible Assets And How to Record them
January 16th, 2009
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My company owns some patents and trademarks. What type of assets are they and how do I treat them? |
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Assets that have no physical substance like patents, trademarks, copyrights, franchise, trade names are called Intangible Assets.
Certain salient points need to be noted:
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- Technical Summary Of IAS 38 Intangible Assets
- Internal Control Checklist/Questionaires/Assessment On Fixed Assets
- How To Record Depreciation In The Books Of Account
- How To Account For Disposal Of Fixed Assets Whether It is Sold For Cash Or Traded in as Part Payment For Another Asset
- Methods Of Accounting For Depreciation (Part 1 of 2)



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