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Give Example for Intangible assets that is depreciable?
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Answer / vijendra
Goodwill is a good example of intangible assets...
| Is This Answer Correct ? | 34 Yes | 4 No |
Answer / h.r. sreepada bhagi
Charging off intangible assets to P&L A/c is called
amortization. It's similar to charging off Depreciation on
Fixed (Tangible) Assets. Patents, Copy Rights, Goodwill,
etc. are some of the example. Even Preliminary Expenditure
is an intangible asset and is charged of to P&L A/c of more
than one Accounting year (5yrs., 10yrs., etc.)
| Is This Answer Correct ? | 20 Yes | 0 No |
Answer / sameer
to my knowledge intanganble assets never gets depreciated they are written down
| Is This Answer Correct ? | 19 Yes | 5 No |
Answer / sanjeev kumar mahajan
Reponses to the above query by Sameer and H.R Sreepad..
Bhagi,,. are sustained and i think Vijendra couldn't get
the question that's why has given a diplomatic answer.
question has clearly prescribed the word Intangible assets"
and intangible assets are amoritised not depreciated.
Further Adding if goodwill have been acquired then it is
shown in books and amortised.Self generated goodwill are
not shown in the books as per Accounting Standard 26 as per
IcAI. Thus, question for amortisation of self generated
goodwill don't arises.
Sanjeev Kumar Mahajan
09911700517
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / md asif ali
deprication can not done on intangeble asset. calculate
deprication on asset, The asset which decrease this value
permenently by use of asset,accdently,exhortion of asset.etc
| Is This Answer Correct ? | 4 Yes | 2 No |
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