Finance Task 8 analysis
FINANCE: Task 8, Big Spenders
School of Business & Economics
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Chapter 12 intangible assets
For service and information providers their major assets are often intangible in nature.
Intangible assets have three main characteristics.
1. They are identifiable: to be identifiable, an intangible asset must either be separ
IFRS forbids depreciation on future revenues is forbidden because you can temper your
revenue and well there are too many uncertainties involved with future revenues, therefore
use the straight-line method and depreciate them based on usage.