07-08-2009, 04:58 PM
Dear Shahzad,
When the nature of asset is such that, tagging in not possible( like, in your case or just like an intangible), there must be a way to identify each intangible asset. If nature of asset does not allow to be tagged, then identification number should be posted nearby,
However, If (assume) the software was purchased âoff-the-shelfâ an invoice number or sticker on the invoice would be an acceptable identification number. For software developed in-house, a property or identification number will need to be assigned once the software has been completed and is operational.
Best Regards,
When the nature of asset is such that, tagging in not possible( like, in your case or just like an intangible), there must be a way to identify each intangible asset. If nature of asset does not allow to be tagged, then identification number should be posted nearby,
However, If (assume) the software was purchased âoff-the-shelfâ an invoice number or sticker on the invoice would be an acceptable identification number. For software developed in-house, a property or identification number will need to be assigned once the software has been completed and is operational.
Best Regards,
