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Give Example for Intangible assets that is depreciable?
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Answer Posted / 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.)
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