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intangible asset- Brand

This topic has 1 reply, 2 voices, and was last updated 11 months ago by Stephen Widberg.

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July 2, 2021 at 4:16 am #626819
Noah098
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sir i wanted to know if Brand is separable from a business?

For example can i recognise a brand name i acquired from a company that has recently been liquidated? I do not buy the rights to produce similar goods, but just the brand name is what i buy.

Is this situation possible and will lead to recognition of an intangible asset?
July 2, 2021 at 5:54 am #626825
Stephen Widberg
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Yes – it would give LEGAL RIGHTS – so recognise separately on purchase of a business
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