Q5.a) What do you mean by Intangible Assets? Cite a few examples of Intangible Assets including Fixed Assets. b) XYZ Ltd. purchased a Plant seven years ago at a cost of Tk.1,87,000 which could be used for more five years. The installation charge was Tk.13,000 and estimated scrap value would be Tk.20,000. The Company now wants to replace the Plant by a new one. Present realizable value of the old one is expected to be Tk.40,000. Determine the amount of Loss on Sale of the Asset/Sunk Cost if it is sold now