Accounting for Intangibles

Accounting for Intangibles

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Upon completion of this discussion, you will be able to:

Identify the problems while accounting for intangible assets.
Intangible assets have no physical form. Patents, copyrights, goodwill, trademarks are some examples of intangible assets.

Consider the features of intangible assets and respond to the following:
Discuss the problems you may face while accounting for intangibles.