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Why trademark and license is intengible assst.

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yogen

Accountant

45 Points Posted on 14 May 2013

Sir,

With due respect and thankful. i am submitting below one query ,please let me know

why trademark and license is intengible assets though the defination of intengible asset mean which can not be seenable and touchable. But we can see and touch the trademark and license.

Thanking you

Yours Faithfully

Yogendra chettri

Replies (1)

Shekhar

CA Final

78 Points Posted on 15 May 2013

We can only see trademark or license when they are stored on a medium i.e, Paper or Cd. But what we see is only a medium, so it is considered as intangible asset.