{"id":24871,"date":"2015-03-02T04:38:48","date_gmt":"2015-03-02T04:38:48","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=24871"},"modified":"2024-04-03T13:22:52","modified_gmt":"2024-04-03T07:52:52","slug":"intangible-fixed-assets","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/","title":{"rendered":"INTANGIBLE FIXED ASSETS"},"content":{"rendered":"

\"INTANGIBLE<\/a><\/p>\n

These primarily encompass startup costs, capitalised development costs, patents,
\nlicences, concessions and similar rights, leasehold rights, brands, market share,
\nsoftware and goodwill arising on acquisitions
\nUnder IAS, a company is required to recognise an intangible asset (at cost) if
\nand only if:<\/p>\n

1)it is probable that the future economic benefits that are attributable to the asset
\nwill flow to the company; and if<\/p>\n

2)the cost of the asset can be reliably measured.
\nInternally generated goodwill, brands, mastheads, publishing titles, customer lists
\nshould not be recognized as intangible assets.<\/p>\n

Internally generated goodwill is
\nexpensed as incurred. Costs on starting up a business, on training, on advertising,
\non relocating or reorganizing a company receive the same treatment.
\nThis line item requires special attention since companies have some degree of
\nlatitude in treating these items that now represent a significant portion of
\ncompanies\u2019 balance sheets.<\/p>\n

 <\/p>\n

Click here for government certification in Accounting, Banking & Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

These primarily encompass startup costs, capitalised development costs, patents, licences, concessions and similar rights, leasehold rights, brands, market share, software and goodwill arising on acquisitions Under IAS, a company is required to recognise an intangible asset (at cost) if and only if: 1)it is probable that the future economic benefits that are attributable to the…<\/p>\n","protected":false},"author":600,"featured_media":26192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[2441,2370],"class_list":["post-24871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-intangible-assets","tag-types"],"acf":[],"yoast_head":"\nINTANGIBLE FIXED ASSETS - Vskills Blog<\/title>\n<meta name=\"description\" content=\"What are intangible assets?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INTANGIBLE FIXED ASSETS - Vskills Blog\" \/>\n<meta property=\"og:description\" content=\"What are intangible assets?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Vskills Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-02T04:38:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-03T07:52:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/INTANGIBLE-FIXED-ASSETS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"266\" \/>\n\t<meta property=\"og:image:height\" content=\"190\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Deepak Narang\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Deepak Narang\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/\",\"name\":\"INTANGIBLE FIXED ASSETS - Vskills Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/INTANGIBLE-FIXED-ASSETS.jpg\",\"datePublished\":\"2015-03-02T04:38:48+00:00\",\"dateModified\":\"2024-04-03T07:52:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/cf6a3dd957876fba2f816c1007142095\"},\"description\":\"What are intangible assets?\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/#primaryimage\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/INTANGIBLE-FIXED-ASSETS.jpg\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/INTANGIBLE-FIXED-ASSETS.jpg\",\"width\":266,\"height\":190},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"INTANGIBLE FIXED ASSETS\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/\",\"name\":\"Vskills Blog\",\"description\":\"Vskills - A Initiative in Assessment to Enhance Employability\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.vskills.in\/certification\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/cf6a3dd957876fba2f816c1007142095\",\"name\":\"Deepak Narang\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/37d46439d330f56a98f5c5661692780787c397115b4582c8cb278987fea7a546?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/37d46439d330f56a98f5c5661692780787c397115b4582c8cb278987fea7a546?s=96&d=mm&r=g\",\"caption\":\"Deepak Narang\"},\"sameAs\":[\"https:\/\/www.facebook.com\/\"],\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/author\/deepak-narang\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"INTANGIBLE FIXED ASSETS - Vskills Blog","description":"What are intangible assets?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/","og_locale":"en_US","og_type":"article","og_title":"INTANGIBLE FIXED ASSETS - Vskills Blog","og_description":"What are intangible assets?","og_url":"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/","og_site_name":"Vskills Blog","article_publisher":"https:\/\/www.facebook.com\/vskills.in","article_author":"https:\/\/www.facebook.com\/","article_published_time":"2015-03-02T04:38:48+00:00","article_modified_time":"2024-04-03T07:52:52+00:00","og_image":[{"width":266,"height":190,"url":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/INTANGIBLE-FIXED-ASSETS.jpg","type":"image\/jpeg"}],"author":"Deepak Narang","twitter_misc":{"Written by":"Deepak Narang","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/","url":"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/","name":"INTANGIBLE FIXED ASSETS - Vskills Blog","isPartOf":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/#primaryimage"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/#primaryimage"},"thumbnailUrl":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/INTANGIBLE-FIXED-ASSETS.jpg","datePublished":"2015-03-02T04:38:48+00:00","dateModified":"2024-04-03T07:52:52+00:00","author":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/cf6a3dd957876fba2f816c1007142095"},"description":"What are intangible assets?","breadcrumb":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/#primaryimage","url":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/INTANGIBLE-FIXED-ASSETS.jpg","contentUrl":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/INTANGIBLE-FIXED-ASSETS.jpg","width":266,"height":190},{"@type":"BreadcrumbList","@id":"https:\/\/www.vskills.in\/certification\/blog\/intangible-fixed-assets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.vskills.in\/certification\/blog\/"},{"@type":"ListItem","position":2,"name":"INTANGIBLE FIXED ASSETS"}]},{"@type":"WebSite","@id":"https:\/\/www.vskills.in\/certification\/blog\/#website","url":"https:\/\/www.vskills.in\/certification\/blog\/","name":"Vskills Blog","description":"Vskills - A Initiative in Assessment to Enhance Employability","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.vskills.in\/certification\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/cf6a3dd957876fba2f816c1007142095","name":"Deepak Narang","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/37d46439d330f56a98f5c5661692780787c397115b4582c8cb278987fea7a546?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/37d46439d330f56a98f5c5661692780787c397115b4582c8cb278987fea7a546?s=96&d=mm&r=g","caption":"Deepak Narang"},"sameAs":["https:\/\/www.facebook.com\/"],"url":"https:\/\/www.vskills.in\/certification\/blog\/author\/deepak-narang\/"}]}},"_links":{"self":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/24871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/users\/600"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/comments?post=24871"}],"version-history":[{"count":5,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/24871\/revisions"}],"predecessor-version":[{"id":74875,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/24871\/revisions\/74875"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/media\/26192"}],"wp:attachment":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/media?parent=24871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/categories?post=24871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/tags?post=24871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}