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hi john, how is that customer lists are an intangible asset as we can touch the paper! And what do we mean identifiable in relation to an intangible asset?
many thanks
Hi – it’s Mike! It’s always been Mike, and it always will be Mike!
John does NOT cover F7!
Sure, the piece of paper is a tangible asset
So also is a licence to fish
Or an authority to produce goods under a franchise
Or a right of access to cross someone else’s land
Yes, a piece of paper is tangible but the right that is confirmed / authorised by that piece of paper is an intangible right
Same argument goes for a customer list – it’s something that will exist without the piece of paper – the customers’ identities will remain. So the list is merely a confirmation of those identities. But it’s not a tangible asset
OK?
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