Intangible assets have no physical form. Patents, copyrights, goodwill, trademarks are some examples

Jun 14th, 2016
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Intangible assets have no physical form. Patents, copyrights, goodwill, trademarks are some examples of intangible assets. Consider the features of intangible assets and respond to the following: Discuss the problems you may face while accounting for intangibles.

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Intangible assets are those which cannot be seen or touched, for example, goodwill, patents,copyrights, trademark, etc. Accounting for the intangible assets can be very challenging. Thechallenges faced while accounting intangible assets are as follows:1. The first challenge is the identification

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