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Sir plz answer this question?
which of the following items that generate future economic benefits and whose costs can be measure reliably is an intangible non current asset?
1.computer hardware owned by a business
2.operating software that operates the computer hardware in (1)
3.a patent bought by a business
4.an extension to an office building owned by a business
sir could you answer it in easy wording i read from the answers of bpp kit but i didi not get ……You really should watch my free lectures. They are a complete free course for Paper FA and cover everything needed to be able to pass the exam.
Intangible assets are assets that you cannot touch, as I explain in my lectures.
1 and 2 are tangible assets – i.e. you can touch them.
2 is regarded as being part of the computer, which is tangible.3 is intangible – you cannot touch it.
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