BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Intangible assets are identifiable non-monetary assets that have no physical substance. Standard deals generally on intangibles (excluding goodwill) and including internally generated intangibles classified as research and development.

Detailed explanation-2: -An intangible asset is an asset with no physical form. It’s a long-term asset that accrues value year over year. Examples of intangible assets include intellectual property, brand recognition and reputation, relationships, and goodwill.

Detailed explanation-3: -Intangible assets are measured initially at cost. After initial recognition, an entity usually measures an intangible asset at cost less accumulated amortisation. It may choose to measure the asset at fair value in rare cases when fair value can be determined by reference to an active market.

Detailed explanation-4: -6.1 An intangible asset is an identifiable non-monetary asset, without physical substance, held for use in the production or supply of goods or services, for rental to others, or for administrative purposes. (b) from which future economic benefits are expected to flow to the enterprise.