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the cost of an intangible asset includes all of the following except group of answer choices purchase price. legal fees. other incidental expenses. all of these choices are included.

Sagot :

Option (d) is correct. All of these are included as cost of an intangible asset does not include purchase price, legal fees and other incidental expenses.

What is an intangible asset?

Any monetary or non-financial item that cannot be physically touched is considered an intangible asset. A separable asset or one that results from a contractual right or other legal right is one that can be identified.

Assets that are separable may be sold, given away, licensed, etc. Computer software, licenses, trademarks, patents, movies, copyrights, and import quotas are a few examples of intangible assets. An intangible asset's cost includes the price paid for it as well as any additional expenses incurred to get it ready for usage.

As a result, the cost of the intangible asset includes the acquisition cost, legal fees, and other incidentals.

To know more about intangible assets, follow link:

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