19 August 2008
Sir, we have entered in to a contract with forign firm to introduce new technolozy in our company. terms are as follows: -- to supply new mechinary for introduction of new technolozy, along with supply of operational designs and reports.
-- to train company staff to operate that new technolozy mechine,
-- to supply spares required for a period of 5 years,
-- to arrange technical staff for supervision of operations for a period of 5 years.
Now kindly clarify whether there is any Intangible Asset to be recognized in this transaction as per AS-26.
06 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
06 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
CAclubindia
