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Intangible asset

JJames4y ago
How are development cost considered intangible asset as they are costs? Secondly, development costs are more likely to be cost spent on physical product so why considered intangible asset than tangible asset?
John MoffatJohn MoffatTutor4y ago#1
They are more likely to be spent on the wages of the people doing the development work, and that is intangible.
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