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AS-26,recognition of I.A

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This query is : Resolved

siva (Querist)

19 August 2008 Sir,
we have entered in to a contract with forign firm to introduce new technolozy in our company. terms are as follows:
-- to supply new mechinary for introduction of new technolozy, along with supply of operational designs and reports.

-- to train company staff to operate that new technolozy mechine,

-- to supply spares required for a period of 5 years,

-- to arrange technical staff for supervision of operations for a period of 5 years.

Now kindly clarify whether there is any Intangible Asset to be recognized in this transaction as per AS-26.

Taranjit Singh

Taranjit Singh (Expert)

06 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.

Taranjit Singh

Taranjit Singh (Expert)

06 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.

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