Tangible & intangible assets
This query is : Resolved
01 March 2012
We can see and touch the licence so why it is
a intangible assets instead of tangible assets.
a intangible assets instead of tangible assets.
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.
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.
Message likes :
2 times
02 March 2012
Licence cannot be touched, it is an intellectual property right.
08 April 2012
The expert is correct and I agree with him
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