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Hi
Could you explain why in the license is not discussed as being an intangible asset?
Thank you
JemmaAm I not correct …. the licence has been sold and the related revenue is either to be deferred or it is to be recognised dependent upon whether risks and rewards have been passed
The licence no longer is an asset of the company
Ahh yes I understand now… was getting confused with question setter from june 2013… but it is obvious now its not Ted Co’s licence its the distributors.
thank you
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