Auditing - Classifications of Intangible Asset | 12th Auditing : Chapter 5 : Verification and Valuation of Current and Intangible Assets

Chapter: 12th Auditing : Chapter 5 : Verification and Valuation of Current and Intangible Assets

Classifications of Intangible Asset

Intangible assets do not have physical existence but it has legally existed with documentary evidence.

Classifications of Intangible Asset

Intangible assets do not have physical existence but it has legally existed with documentary evidence.

It is broadly classified into two categories such as limited life intangibles and unlimited life intangibles. Limited life intangible assets include Goodwill, Patents and Copyrights. On the other hand, Trademarks is classified as unlimited life intangibles.

Tags : Auditing , 12th Auditing : Chapter 5 : Verification and Valuation of Current and Intangible Assets

Study Material, Lecturing Notes, Assignment, Reference, Wiki description explanation, brief detail

12th Auditing : Chapter 5 : Verification and Valuation of Current and Intangible Assets : Classifications of Intangible Asset | Auditing