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1. Intangible assets include goodwill, brand recognition, and intellectual property, such as patents, trademarks, and copyrights. (a) Explain the qualities of an intangible asset. (

1.Intangible assets include goodwill, brand recognition, and intellectual property, such as patents, trademarks, and copyrights.

(a) Explain the qualities of an intangible asset. ( 6 )

(b) Identify the situations when the intangible assets should be recognised and how it is being recognised for each situation. ( Total / Jumlah: 20 )

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