Give Example for Intangible assets that is depreciable?
- 5 Answers
- 10459 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
Expand P A N
What are the types of leverage?
can a real account shows a credit balance
what is aspects of taxation?
BEP= Fixed cost/Contribution*sales .Any other alternative formula 4 BEP .
What is the name of the first bank in India
can we get all interview questions with answers in tally 9 which mostly asked in MNC's.
EXPAND______________OCC
what is demand?
16. Eurodollars are best described as =============== a) The new currency of the European Union b) A U.S dollar denominated deposit ….generally in a bank located outside the United States …that is not subject to US banking regulation. c) A currency deposited outside its country of origin d) A foreign..denominated deposit subject to US banking regulations
5 Answers Capital IQ, Copal Partners, FactSet Systems, Wipro,
Is depreciation a expense or income?
why you would like to work for the our(AIRLINE) Group ???
Audit 
