Intangible asset
This query is : Resolved
ASHESH BHARDWAJ
(Querist)
03 July 2014
WHAT IS INTANGIBLE ASSET UNDER DEVELOPMENT ?
03 July 2014
Commercial or business rights are generally called as 'intangible assets.
Eg:- Copy rights, licenses, franchises, patents, know-how and trade marks.
Expenditure incurred for the above till it is acquired can be classified as'intangible assets under development'.
Eg:- Copy rights, licenses, franchises, patents, know-how and trade marks.
Expenditure incurred for the above till it is acquired can be classified as'intangible assets under development'.
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Rupesh Jain
(Expert)
05 July 2014
yes ans. by Mr Warrier is right.
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