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intangible asset- Brand

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › intangible asset- Brand

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • July 2, 2021 at 4:16 am #626819
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    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
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    Yes – it would give LEGAL RIGHTS – so recognise separately on purchase of a business

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