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  • Which Item Listed Below Does Not Qualify As An Intangible Asset

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    jahnhannalei marticio
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    An intangible asset is an asset that lacks physical substance. Registered patents, copyrights, and computer software qualify as intangible assets. A notebook computer does not qualify as an intangible asset since it is a tangible physical item. Only legal costs paid to register a patent qualify as an intangible asset based on the options given. Advertising/promotion costs, tuition fees, and operating losses do not qualify as intangible assets.

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    Which Item Listed Below Does Not Qualify as an Intangible Asset

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    An intangible asset is an asset that lacks physical substance. Registered patents, copyrights, and computer software qualify as intangible assets. A notebook computer does not qualify as an intangible asset since it is a tangible physical item. Only legal costs paid to register a patent qualify as an intangible asset based on the options given. Advertising/promotion costs, tuition fees, and operating losses do not qualify as intangible assets.

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    © All Rights Reserved
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    36 views1 page

    Which Item Listed Below Does Not Qualify As An Intangible Asset

    Uploaded by

    jahnhannalei marticio
    An intangible asset is an asset that lacks physical substance. Registered patents, copyrights, and computer software qualify as intangible assets. A notebook computer does not qualify as an intangible asset since it is a tangible physical item. Only legal costs paid to register a patent qualify as an intangible asset based on the options given. Advertising/promotion costs, tuition fees, and operating losses do not qualify as intangible assets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1. Which item listed below does not qualify as an intangible asset?

    a. Computer software
    b. Registered patent
    c. Copyrights that are protected
    d. Notebook computer

    2. Which of the following items qualify as an intangible asset under PAS 38?

    a. Advertising and promotion on the launch of a huge product


    b. College tuition fees and paid to employees who decide to enroll in an executive M.B.A.
    program at Harvard University while working with the company
    c. Operating losses during the initial stages of the project
    d. Legal costs paid to intellectual property lawyers to register a patent

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