I install booths for govt. agencies free and I earned by putting advertisement on their booths. can I treat it as intangible asset and claim depreciation.
Intangible assets is a non physical asset that has a multi period of useful life now as per your question you say you install booths for government means the booth are of government not yours means it's their assets not asset in your hand and advertisement become asset in rare case when it is in logo or other long term branding investment then
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CAclubindia
