Question

What is the Accounting Standard issued by ICAI defines intangible assets?​

Answer 1

Hello mate..

AS-26 issued by ICAI states that:

"An intangible asset is an identifiable non- monetary asset ,without physical substance, held for use in the production or supply of goods or services, for rental to others ,or for administrative purposes".

hope it helps..

Answer 2

Hello

AS-26 issued by ICAI states that:

"An intangible asset is an identifiable non- monetary asset ,without physical substance, held for use in the production or supply of goods or services, for rental to others ,or for administrative purposes".