Discuss the liability of the treatment of intangible assets
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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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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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