Expenditure on knowledge as an Intangible Asset?
This query is : Resolved
28 May 2016
If a firm sponsor it's partners higher education in abroad related to the business so will that expenditure be considered as intangible asset and depreciation can be claimed on it?
29 May 2016
Incase the education is business related as revenue expenses, cannot treat as intangible asset.
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31 May 2016
If we treat the expenditure as addition to the Intangible Asset then can we claim depreciation on it?
12 June 2016
First we need to test and justify the expenditure whether can be take as intangible asset, such as based on the expenses what could be our further benefits and earnings by the company then only can be taken as asset. by my view higher education sponsor cannot consider and assess the real future inflows
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