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According to IAS-38 Which of the following is not an example of intangible assets? A)Land B)Software C)Copyright D)telecast licence

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Question added by chandima jayanath Bandara , Accountant , ODEL PLC
Date Posted: 2014/11/09
Sabah Mursal
by Sabah Mursal , Senior Auditor , KPMG

Land.

 

An intangible asset is an identifiable non-monetary asset without physical substance.

Quite clear that Land will not fall in that category. 

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

a

Urslan Ali
by Urslan Ali , Supervisor Finance, Logistics , Sevens LLC - Al Naboodah Group

Land could never be intangible asset

Mohamed wagih EL-Badry
by Mohamed wagih EL-Badry , Financial Controller , Concept Combined General Trading & Contracting Co.

Sure The Land (A) 

muhammad sohail awan
by muhammad sohail awan , accountant , frontier chemical industries peshawar

land is not a tangible assets.

Stuart FREARSON
by Stuart FREARSON , CFO , ACC

LAND is NOT an INtangible asset, it is very tangible. Trick question?

shahzad memon
by shahzad memon , VICE PRINCIPAL , WGS

Land

Mohammed Rahmathullah Khan
by Mohammed Rahmathullah Khan , Help Desk Operator , Engie Solutions Middle East

C) Telecast Licence

Ateeq Ur Rehman
by Ateeq Ur Rehman , Deputy Accountant , Finace Department, Government of Punjab, Pakistan.

Option A (Land)

Abdul Qadir Tanoli
by Abdul Qadir Tanoli , Finance & Admin Officer , ROYAL LAND PROPERTY

land

 

Masep Piokole
by Masep Piokole , Graduate Accountant , Kuna Taberia Kiruwi Accountants & Advisors

Definitely Land. all others are intangible assets, they do not have physical existence.

 

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