Is computer software deemed to be an intangible asset on the basis it is not an example of a monetary asset and IMO has no physical substance
F
Foziljon·
Hello from Uzbekistan!, I would like to thank all the teachers here for their efforts for making it available for every one!
A
Abdulla·
Hey !
I just have 2 questions for intangible related to the control of the assets and intangible goodwill generated internally :
1. If the control imposed over skills of employees is protected by forcible
Legal contracts like football players or scholarships students who comes back after studying and have to work for certain period or pay can we consider this as control evidence and term of payment is the cost? And how this would be re-evaluated over time?
2. If the goodwill generated internally sold to subsidiary can we recognize the purchase price ( assuming no ordinary market) as goodwill cost for the subsidiary financial statements?
T
thanhvan0507·
Hi sir, thank you about the video.
I have one concern. When you think about "Land", it usually a tangible asset. However, from what I understand, we mention "land" mean the right to use the "land" in a period of time. Hence it should be clarified as non-tangible assets.
S
sayemahmed24·
I have never seen the term Non-Tangible. Where did you get that?
H
haider·
You can touch the land and therefore it is tangible. All assets have right to use as we expect economic benefit from them.
V
viethuynguyen·
There are differences between Vietnamese accounting standard and others. In Vietnam, land is considered government's property (hope I state this right), so the only thing we trade in Vietnam is the "right to use land", which is an intangible asset.
P
P2-D2Tutor·
The exam is IFRS and therefore land will be considered as a tangible non-current asset (PPE).
I just have 2 questions for intangible related to the control of the assets and intangible goodwill generated internally :
1. If the control imposed over skills of employees is protected by forcible
Legal contracts like football players or scholarships students who comes back after studying and have to work for certain period or pay can we consider this as control evidence and term of payment is the cost? And how this would be re-evaluated over time?
2. If the goodwill generated internally sold to subsidiary can we recognize the purchase price ( assuming no ordinary market) as goodwill cost for the subsidiary financial statements?
I have one concern. When you think about "Land", it usually a tangible asset. However, from what I understand, we mention "land" mean the right to use the "land" in a period of time. Hence it should be clarified as non-tangible assets.
Thanks