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Unformatted text preview: t, chapter 11; NRSF, Recommendation on Accounting
for Research and development and Recommendation on Accounting for Goodwill.
Code of Obligations, article 664. ARR 9. 20 USA30 Intangible assets are noncurrent assets that lack physical
substance. This category may
include assets that can be
specifically identified with
reasonably descriptive names.
Other types of intangible assets
lack specific identification, the
most common being goodwill.
Intangible assets may be
internally and may be acquired
singly, in groups, or in business
Supra-National Accounting Organizations
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. An
asset is a resource:
(a) Controlled by an enterprise
as a result of past events;
economic benefits are
expected to flow to the
Union 32 Assets such as patents, copyrights, franchises, trademarks,
and other similar intangible assets that can be specif...
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This note was uploaded on 05/02/2013 for the course ECONOMIC economics taught by Professor Economics during the Fall '13 term at Elmont Memorial High School.
- Fall '13
- The Land