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How do you assess the value of intangible assets such as
copyrights and logos?
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Answer / guest
Charities would not normally hold such assets as
investments but only for their functional use. In this case
value at either their depreciated historical cost or their
depreciated estimated value in use or other acceptable
basis of valuation the trustees decide on - which does not
have to be "market value
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Answer / phiri bernard
I agree alittle bit with Namish Bhatia. What needs to be
considered first how much is expected to be derived/earned
out the Intangible asset. Therefore the cost incurred must
be inclusive of any legal and cost to get it into woorking
condition. Charges can only be expensed if you breach the
the terms of the copy that is if purchased.
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Answer / nimish bhatia
the value shall be assessed as follows:
cost incurred to purchase
+any legal charges
+any cost to get it into working condition.
such assets shall be amortised over a period of 10 years(as
per AS26).. however assets like websites etc can be
amortised in a shorter period....
| Is This Answer Correct ? | 1 Yes | 1 No |
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