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Intangible asset

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(Querist)
03 July 2014 WHAT IS INTANGIBLE ASSET UNDER DEVELOPMENT ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 July 2014 Commercial or business rights are generally called as 'intangible assets.

Eg:- Copy rights, licenses, franchises, patents, know-how and trade marks.

Expenditure incurred for the above till it is acquired can be classified as'intangible assets under development'.
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Rupesh Jain

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Rupesh Jain (Expert)
05 July 2014 yes ans. by Mr Warrier is right.
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