What is the difference between tangible and intangible assets?

Q: What is an intangible asset? Provide some examples.

A: Intangible assets: These are the long-term assets which are not physical in nature, but possess…

Q: how the value of the property is established through an appraisal?

A: Appraisal of a property is done to understand the highest probable price for a property and to…

Q: Analyze how different types intangible assets are accounted for.

A: An asset is intangible when it cannot be seen, which means the asset that does not have any physical…

Q: The depreciation procedures that apply to the main kinds of depreciable assets in general?

A: Depreciation is an accounting method for allocating the cost of a tangible or physical asset over…

Q: Explain how the accounting treatment differs between purchased and internally developed intangible…

A: Intangible assets: Intangible assets are the long-term assets having no physical existence. However,…

Q: Assets That Are Intangible definition

A: Asset: Assets refer to the resources owned by the business, which are utilized in the course of the…

Q: What Are Intangible Assets?

A: Intangible assets form a part of the non-current assets of the company.

Q: Which of the following does describe intangible assets? a. They are not lack physical existence.…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: what are the different types of intangible assets and give examples of each

A: Intangible assets: These are the long-term assets that are not physical in nature, but possess…

Q: what is the definition of Intangible Assets and Goodwill and what are some of the types of…

A: The assets can be classified as fixed assets, current assets and intangible assets.

Q: What are the two types of claims against assets?

A: Asset is a resource from which the company expected to generate future economic cash flows which can…

Q: Which of the following terms describes expenditures made to repurpose an asset?

A: The asset is the future benefit of the company that would have to be sacrificed to pay off the…

Q: what is the attributes of determining the far value of intangible assets.

A: A non-physical asset is referred to as an intangible asset. Intangible assets contain goodwill, name…

Q: What are intangibles

A: Intangibles: As word refers as we can't touch or see it which means no physical existence .…

Q: Explain the difference between tangible and intangible long-lived, revenue-producing assets.

A: Tangible assets are those assets which appear in the physical form and it is measurable. Assets like…

Q: Why is there a need to properly classify a property whether it is an investment or a property, plant…

A: Before making application treatment on property needs to be classification  It will makes proper…

Q: How do you identify an asset with reference to AASB?

A: Balance sheet: A balance sheet is a statement of assets, liability, and equity. It is prepared after…

Q: Which statement below regarding the accounting for intangible assets is correct?

A: Intangible asset: Intangible asset is an asset that has no physical existence. In simple words we…

Q: How do you identify intangible assets such as usufruct in modern transactions? Justify with examples

A: In a usufruct, the property rights of usus and fructus are merged. Usus refers to the right to use…

Q: Are Inventories depreciable property? Why?

A: Depreciable property means an asset which is eligible to book depreciation for accounting and tax…

Q: What are some examples of tangible and intangible assets?

A: Introduction:- Assets are mainly categories into two types based on the existence. these are as…

Q: Explain about the existence of an active market in relation to the intangible assets and the…

A: Here discuss about the details of intangible assets and its valuation and accounting treatment which…

Q: Explain Intangible assets.

A: An asset refers to the property which is owned by the company. An asset can be classified into…

Q: Explain the difference between Tangible and Intangible Assets

A: Introduction: Assets: Any resource which is having monetary value called as Assets. Assets are to be…

Q: 4. What total amount should be reported as intangible assets?

A: Opetion d. 13,100,000 is correct   That Type of assets which can't be touch. That is called an…

Q: Distinguish between property, plant, and equipment and intangible assets.

A: Definition: Property, plant, and equipment: Property, plant, and equipment are the tangible assets…

Q: What is the difference between depreciation and depletion?

A:

Q: Describe the method of the asset's depreciation?

A: Methods of Depreciation: Depreciation refers to the reduction in the monetary value of a fixed asset…

Q: What is Indefinite life intangible assets?

A: Definition:   Intangible assets: These are the long-term assets that are not physical in nature, but…

Q: Explain how losses on impaired intangible assets shouldbe reported in income.

A: Intangible Assets: An intangible asset refers to the good name and reputation of an organization…

Q: What does intangible assets includes in its items? Explain them in detail.

A:

Q: How do you identify intangible assets such as usufruct in modern transactions

A: Goodwill, brand awareness, and proprietary information like as patents, trademarks, and copyrights…

Q: hat are the reason for seeking an acquisition of intangible assets?

A: Intangible assets: Intangible assets are non-physical assets, can't be seen but can be identified…

Q: What are the characteristics of an intangible asset?

A: Asset refers to any economic value resource for an individual, corporation or a country. It…

Q: What are the intangible assets? Give some examples?

A: Classification of Assets Assets can be classified in to three categories which are Fixed Assets,…

Q: Which of the following assets have definite physical share or identity and existence? [A]…

A: Assets:   These are the resources owned and controlled by business and used to produce benefits for…

Q: Property plant and equipment are considered what type of asset?

A: basically classification of asset is done based on the nature of the asset .there are two types of…

Q: Materiality means that only items having a physical existence may be recognised as assets

A: Various Accounting concepts are: Accrual concept Going concern concept Matching concept Materiality…

Q: What is Depreciation calculation?

A: Depreciation: Depreciation Cost is the cost that is allocated over its life and it is charged as an…

Q: What is intangible assets, and what is goodwill? definition?

A: Assets are the resources that are owned by the entity for using them in future and to generate…

Q: What is the basic principle for valuing property, plant, and equipment and intangible assets…

A: