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Treatment of Intangible Assets

It has been argued on the grounds of conservatism that all intangible assets should be written off immediately after acquisition. Discuss the accounting arguments against this treatment.

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Treatment of Intangible Assets

It has been argued on the grounds of conservatism that all intangible assets should be written off immediately after acquisition. Discuss the accounting arguments against this treatment.

Reasons Against

Intangible assets have economic power to serve the business just like tangible ...

Solution Summary

Your response is 137 words and explains how their intangible nature should not exclude them from proper matching with the periods these assets serve.

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