what is the difference between intangible assets and
fictious assets
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Answer Posted / sreedhaam
Intangible assets are basically fixed assets that have no
physical status (e.g. goodwill, patentright,copyright
etc) . Fictitious assets also have no physical existence
but they only include the assets having the nature of
deffered revenue expenditures (e.g. deffered advertisement
expenses, discount on issue of shares or debentures).
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