Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

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

user-image
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.

 

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.