Intangible asset

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October 5, 2021 at 5:13 pm #637047
James124
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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?
October 6, 2021 at 7:06 am #637095
John Moffat
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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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