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Tangible & intangible assets

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(Querist)
01 March 2012 We can see and touch the licence so why it is
a intangible assets instead of tangible assets.
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diwakar mittal

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diwakar mittal (Expert)
01 March 2012 license is an intengible asset. as we can see and tuch the paper of licence but the real value of license consists its substance .
if the license is lost or got fired etc we get get the duplicate copy also after payment of a nominal fees so in reality the license is intengible assets seeing and touching of notional part of license is irrelevent.
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anurag

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anurag (Expert)
02 March 2012 Licence cannot be touched, it is an intellectual property right.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
08 April 2012 The expert is correct and I agree with him
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