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Unformatted text preview: ragraphs 4
and 5, Art. 386 and 391 of Title 9 ; and Guideline 2.01 (draft) of CAR.
PGC, Parts 4 and 5; LSA, Articles 194 and 195.
18 19 Sweden23 UK24 Other countries
Australia 25 Canada 26 Japan 27 Norway28
Switzerland 29 Non-financial fixed assets that
do not have physical substance
but are identifiable and are
controlled by the entity through
custody or legal rights. Expenses for R&D and similar works, which are of material
value to the business during years to come, can be recorded
as intangible assets. This also concerns expenses for
concessions, patents, licenses, trade marks, renting rights
and similar rights and assets, and goodwill.
The financial statement category for "Intangible Assets"
includes licenses, quotas, patents, know-how, trademarks,
franchises and purchased goodwill.
The requirements of the FRS apply to all intangible assets
with the exception of:
(a) Oil and gas exploration and development costs;
(b) Research and development costs. (1) licenses, patents,...
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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