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  1. #1
    Junior Member
    Join Date
    Nov 2009
    Location
    UK
    Posts
    1

    Default Intangible assets

    Hello,

    Please could you explain why the following statement is incorrect?

    "If the conditions specified in IAS 38 intangible assets are met, development expenditure may be capitalised, if the directors decide to do so."


    Thank you for your help,

    Stewart

  2. #2
    Junior Member
    Join Date
    Mar 2011
    Location
    georgia
    Posts
    10

    Default

    many thanks for help

  3. #3
    Junior Member
    Join Date
    Apr 2012
    Location
    pakistan
    Posts
    8

    Default

    The most simple and easy definition to understand intangible assets is, An asset that is not physical in nature. Corporate intellectual property items such as patents, trademarks, copyrights, goodwill, brands etc all are known as intangible assets in today's market.If you talking about Ias38 so it totally on intangible assets.While studying F3 you must experience all these things.

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