11-30-2004, 07:32 AM
"an asset is a resource controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise"
an intangible asset is an identifiable non monetary asset without physical substance and should also comply with the definition of an 'asset' (as stated above)
so you cannot count 'human resource' as an asset which means you cannot capitalise or depriciate it. the same is with market share and customer loyalty etc (BPP)
an intangible asset is an identifiable non monetary asset without physical substance and should also comply with the definition of an 'asset' (as stated above)
so you cannot count 'human resource' as an asset which means you cannot capitalise or depriciate it. the same is with market share and customer loyalty etc (BPP)