could anyone temme the treatment for intangible assets(monthly average) treatment in electicity sum ...(accounts)..may 2010 exam!
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as per AS-26 intangible asset should be written off over a period of 10 years, (3-5 years for software and website) and the higher period could be considered if justified.
ratio of amortisation will be ratio of future economic benefit, if future economic benefits are not available then use SLM method (scrap value can be considered if it will be guaranteed)
if you have any further query you can ask??????
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