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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Intangible asset
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?
They are more likely to be spent on the wages of the people doing the development work, and that is intangible.