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1. ifrscommunity.com › knowledge-base › depreciationDepreciation of PP&E and Intangibles (IAS 16 / IAS 38 ...

   ifrscommunity.com › knowledge-base › depreciation

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   Apr 17, 2024 · The term ‘depreciation’ is typically associated with tangible assets like property, plant, and equipment (PP&E), while ‘amortisation’ refers to intangible assets. The requirements for depreciating PP&E are found in IAS 16, whereas IAS 38 deals with the amortisation of intangible assets.

2. kpu.pressbooks.pub › intercdntax › chapterHow are goodwill and intangibles depreciated for tax purposes ...

   kpu.pressbooks.pub › intercdntax › chapter

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   Intangible assets with a limited useful life (like most patents and franchises) are put into class 14 and depreciated on a straight-line basis over their estimated useful life.

   Class 14 (straight Line)	Cca
   Purchased a patent for $200,000 with an ...	Purchased Goodwill for $200,000 with an ...
   Year 1 – $200,000 / 5 years. $40,000 ...	$60,000
   Year 2 – Annual CCA of $40,000	$40,000
   Year 3 – Annual CCA of $40,000	$40,000

   See full list on kpu.pressbooks.pub

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4. www.investopedia.com › terms › aAmortization of Intangibles: Definition, Types, and Example

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   Jun 24, 2022 · Key Takeaways. Amortization of intangible assets is a process by which the cost of such an asset is incrementally expensed or written off over time. Amortization applies to intangible...

5. www.thebalancemoney.com › how-to-calculate-theHow To Calculate the Amortization of Intangible Assets

   www.thebalancemoney.com › how-to-calculate-the

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   Jun 2, 2022 · Intangible assets are assets that don’t have a physical form. Intangible assets include proprietary software, contracts, and franchise agreements. The IRS requires you to amortize intangible assets over 15 years or 180 months. Straight-line depreciation is the usual method used to calculate amortization.

6. www.investopedia.com › ask › answersAmortization vs. Depreciation: What's the Difference?

   www.investopedia.com › ask › answers

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   Aug 31, 2024 · Depreciation is only applicable to physical, tangible assets that are subject to having their costs allocated over their useful lives. Amortization is only applicable to intangible...

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7. www.investopedia.com › ask › answersTangible Assets vs. Intangible Assets: What's the Difference?

   www.investopedia.com › ask › answers

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   Jun 25, 2024 · Tangible assets are physical and measurable assets that are used in a company's operations. Assets such as property, plant, and equipment are tangible assets. Tangible assets form the...

8. People also ask

   Are intangible assets subject to depreciation?

   • Unlike tangible assets, which are subject to depreciation, intangible assets are often subject to amortization. Tangible assets are generally easier to buy, sell, and liquidate. Tangible assets can more often be readily sold in the market or used as collateral for loans.

   Tangible Assets vs. Intangible Assets: What's the Difference?

   www.investopedia.com/ask/answers/012815/what-difference-between-tangible-and-intangible-assets.asp

   See all results for this question

   How are intangible assets amortized?

   • Intangible assets, such as patents and trademarks, are amortized into an expense account called amortization. Tangible assets are instead written off through depreciation. Also, the amortization process for corporate accounting purposes may differ from the amount of amortization used for tax purposes.

   Amortization of Intangibles: Definition, Types, and Example - Investope…

   www.investopedia.com/terms/a/amortization-of-intangibles.asp

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   Can intangibles be acquired?

   • Intangibles can be acquired: Recognition criteria. IAS 38 requires an entity to recognise an intangible asset, whether purchased or self-created (at cost) if, and only if: [IAS 38.21] the cost of the asset can be measured reliably.

   IAS 38 — Intangible Assets - IAS Plus

   www.iasplus.com/en/standards/ias/ias38

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   What is the difference between tangible and intangible assets?

   • Tangible assets are the main type of asset that companies use to produce their products and services. Intangible assets are nonphysical items that have a monetary value because they represent potential revenue. Intangible assets include patents, copyrights, and a company's brand. Explaining Tangible Vs. Intangible Assets

   Tangible Assets vs. Intangible Assets: What's the Difference?

   www.investopedia.com/ask/answers/012815/what-difference-between-tangible-and-intangible-assets.asp

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   Which expenditure is accounted for as an intangible asset?

   • Subsequent expenditure on that project is accounted for as any other research and development cost (expensed except to the extent that the expenditure satisfies the criteria in IAS 38 for recognising such expenditure as an intangible asset). [IAS 38.34]

   IAS 38 — Intangible Assets - IAS Plus

   www.iasplus.com/en/standards/ias/ias38

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   Are additional disclosures required about intangible assets?

   • Additional disclosures are required about: IAS 38 outlines the accounting requirements for intangible assets, which are non-monetary assets which are without physical substance and identifiable (either being separable or arising from contractual or other legal rights).

   IAS 38 — Intangible Assets - IAS Plus

   www.iasplus.com/en/standards/ias/ias38

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9. www.iasplus.com › en › standardsIAS 38 — Intangible Assets - IAS Plus

   www.iasplus.com › en › standards

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   IAS 38 outlines the accounting requirements for intangible assets, which are non-monetary assets which are without physical substance and identifiable (either being separable or arising from contractual or other legal rights).