Here is the synopsis of our sample research paper on Intangible Assets. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 5 page paper considers the subject of intangible assets. The writer outlines what they are, giving examples, and how they may be classified and treated in the accounts. After this the writers examines how we may try to value intangible assets that are not reflected in the accounts. The bibliography cites 3 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEintang.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
and machinery, are classed as capital assets. However, there are also many other assets that are not as easy to assess in terms their physical presence, but these may be
equally as important to the business. Intangible assets are seen in many ways, from the ownership of trademarks and licences, good will and even the value of human capital
may b seen as an intangible asset. However, not all of these can be allowed for in accounts. In accounting terms for an asset to be seen as one that
can be included in the balance sheet and to have a life that is perceived as giving longer lasting returns. There also needs to be an ability to place a
value, therefore items such as human labour and the value added by expertise, although very valuable and completely intangible, are not allowable when it comes to accounting for assets on
the balance sheet. If we want to consider the assets that can be considered in the accounts then we need to define the types of asserts that may be seen
as fixed assets. It is also worth noting that the general conditions in terms of allowances of intangible assets vary between the different countries. For example, in the United
States there is now a very strict regime of disallowance, whereas in Europe the rules are more flexible. In this paper we will be guided by international standards. Therefore some
discrepancies may exist between different countries. In general terms an intangible asset will be classified as a fixed asset when there is a reasonable degree if confidence that there
will be a continuing generation of income form its use (Elliott and Elliott, 2000). There is also a need for a measure of its economic value to be measured. For
...