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Is life insurances an intangible product or not?
It's intangible
What is tangible vs intangible cost?
Tangible costs are things that a business would write a check out for, such as insurance, salaries, leases, and medical benefits. Intangible costs are things such as lower employee morale, dissatisfaction from customers due to lower quality customer service, or unhappy with working conditions.
What is the best description of a consumer service?
It is an intangible economic activity that cannot be touched or carried.It is an intangible economic activity that cannot be touched or carried
Tangible and intangible factors of economics?
Tangible would include the money and products that are in the economy. The intangible would be the value placed on the products in the economy.
What is the d ifference between Fictitious assets and Intangible Asset?
Intangible assets are basically fixed assets that have no physical status (e.g. goodwill, patentright,copyright etc) . The Intangible assets are written off after a specified period. Fictitious assets also have no physical existence but they only include the assets having the nature of deffered revenue expenditures (e.g. deffered advertisement expenses, discount on issue of shares or debentures).
Is prepaid loan cost is intangible?
It is a prepaid expense to be expensed over time. Not an intangible.
Cost?
Is how to describe the cost of good and service , tangibles and intangible how to determined.
Is a deferred loan cost an intangible assets?
YES
Allocating the cost of an intangible asset is referred to as 1.amortization. 2.depletion. 3.accretion. 4.capitalization.?
Allocation of cost of intangible asset is called as amortization.
The periodic transfer of the cost of an intangible asset to expense?
amortization
The periodic transfer of the cost of an intangible asset to expense is referred to as?
depreciation
What is called a periodic transfer of a portion of the cost of an intangible asset to expense?
The periodic transfer of a portion of the cost of an intangible asset to expense is called "amortization." This process systematically allocates the cost of the intangible asset over its useful life, reflecting its consumption and the reduction in value over time. Amortization is typically applied to assets such as patents, copyrights, and trademarks.
What are the basic issues related to accounting for intangible assets?
Some of the basic issues related to accounting for intangible assets are non-monetary assets which are not seeable. This generates time and effort to classify separate asset. Legal intangibles and Competitive intangible are customers' information, rights, and cost within the organization. It is also recorded as organization's cost.
What are some examples of intangible cost?
Costs which can not attributed with a usual financial analysis. For example if we talk about a gold mine project, the possible cost of law suits with local people around the gold mine due to the pollution of the gold mine is an intangible cost regarding the evaluation of the project.
What is The periodic transfer of a portion of the cost of an intangible asset to expense?
The periodic transfer of a portion of the cost of an intangible asset to expense is known as amortization. This accounting practice systematically allocates the cost of the intangible asset over its useful life, reflecting its consumption or decline in value. Amortization helps match the expense with the revenue generated by the asset, ensuring accurate financial reporting. It is similar to depreciation, which applies to tangible assets.
Intangible benefits take into consideration both the and the of the idea's impact?
The output, the cost and the profitability of the idea's impact are some of the intangible benefits to take into consideration both at the end and beginning of an idea's impact.
How much money would it cost to buy the Film Industry?
The "film industry" is intangible therefore impossible to purchase.
