Intangible assetsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Intangible assetsThis topic has 1 reply, 2 voices, and was last updated 2 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts March 15, 2023 at 4:36 am #681319 krrish2005ParticipantTopics: 138Replies: 229☆☆☆Sir if an internally generated brand is patented can it be recognised in financial statements ? Also if an internally generated intangible asset is trademarked can it be recognised in financial statements? March 18, 2023 at 7:27 am #681486 P2-D2KeymasterTopics: 4Replies: 7177☆☆☆☆☆Hi,Internally generated brands cannot be capitalised.You mention patents and trademarks, which would potentially be capitalised as part of a purchased intangible.Thanks.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In