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non-current assets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › non-current assets

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • October 30, 2018 at 7:07 am #480188
    suleymanabuzerli
    Member
    • Topics: 84
    • Replies: 32
    • ☆☆

    Which of the following items (that all generate future economic benefits, and whose costs can be
    measured 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
    A All four items
    B 1, 2 and 4 only
    C 1 and 2 only
    D 3 only

    hello Sir l consider the answer is 2 and 3 but has been taken only 3

    why?
    furhermore,l need your explanation about whether software is tangible or intangible non-current asset?

    October 30, 2018 at 8:12 am #480201
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51571
    • ☆☆☆☆☆

    Because the operating software is needed to operate the hardware, it is regarded as being part of the cost of the hardware and is therefore treated as a tangible asset – the hardware would be useless without the operating software (e.g. Microsoft Windows).

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