Accountancy, asked by Mehermalhotra4145, 1 year ago

Discuss the liability of the treatment of intangible assets

Answers

Answered by Anonymous
1

The cost of all other intangible assets developed internally should be charged to expense in the period incurred. If an intangible asset has a finite useful life, you should amortize it over that useful life. The amount to be amortized is its recorded cost, less any residual value.

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Answered by Anonymous
0

The cost of all other intangible assets developed internally should be charged to expense in the period incurred. If an intangible asset has a finite useful life, you should amortize it over that useful life. The amount to be amortized is its recorded cost, less any residual value.

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