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Intangible assets such as copyrights, trademarks and patents are applicable for

Intangible assets such as copyrights, trademarks and patents are applicable for Correct Answer amortization

Intangible assets such as copyrights, trademarks and patents are applicable for amortization. Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.

Related Questions

Consider the following pairings of Non-Performing Assets (NPA) classification in India with their descriptions: 1. Substandard assets : Assets which have remained NPAs for a period less than or equal to 12 months. 2. Doubtful assets : Assets which have remained in the substandard category for a period of 12 months. 3. Loss assets : Assets which are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted, although there may be some salvage or recovery value. Which out of the above pairings are correct?
Patents, Copyrights and Trademarks are examples of
Patents, Copyrights and Trademarks are
Consider the following statements.
1. In case of standard assets, provision for NPA must be 25% for all types of standard assets.
2. In case of sub-standard assets, provision for NPA must be 10% for all types of standard assets.
3. In case of doubtful assets, 100% provision is required for unsecured and secured advances.
4. In case of loss assets, 10% of unsecured and 100% of secured advance must be kept as provision for NPAs.
Which of the statement(s) given above is/are correct?
In which of the following ways section 73 differs from the corresponding section 295 of the Code of Civil Procedure, 1882?
1. The words, 'where assets are held by a court,' have been substituted for words, 'whenever assets are realised by sale or otherwise in execution of a degree.'
2. The words, 'before the receipt of such assets,' have been substituted for the words, 'prior to the realisation'
3. The words, 'by which such assets are held' are omitted after the words 'made application to the court'
4. The word, 'passed' has been added after the word, 'money'
5. The words, 'interest in,' in cl. (b) have been substituted for the words, 'right against' to bring the wording of that clause into line with the Transfer of Property Act, 1882. This is a mere verbal alteration
The area of intellectual property includes
1. copyrights and related rights.
2. trademarks including service marks.
3. industrial designs
4. the lay-out designs of integrated circuits.
Select the correct answer
P wants to sell his bungalow based in Lutyens, Delhi. Q and S wants to purchase it. The price of the bungalow is 50% and 100% more than the Q’s assets and S’s assets respectively. If Q and S decides to combine their assets in order to acquire this bungalow, then the price of bungalow would be approximately what percentage of these assets?
Mittal wants to sell his steel plant based in Mumbai. Both JSW and TATA wants to purchase it because of the other benefits associated with it. The price of Mittal steel plant is 50% more than the JSW’s assets, and 100% more than TATA’s assets. If JSW and TATA decides to merge and combine their assets in order to acquire this plant, then the price of Mittal would be approximately what percentage of these assets?
Indicate the correct statement as regards the sources of funds for a Funds Flow Statement from the following:
i. Increase in working capital
ii. Decrease in working capital
iii. Writing off the intangible/fictitious assets
iv. Issuing equity shares for acquisition of a building for office
v. Charging depreciation on fixed assets
Indicate the correct option as regards the sources of funds for a funds flow statement from the following
1. Increase in working capital.
2. Decrease in working capital.
3. Writing-off the intangible/fictitious assets.
4. Issuing equity shares for acquisition of a building for office.
5. Charging depreciation on fixed assets.
Select the correct answer