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The following extract has been taken from the balance sheet of James Ltd. as at 30 September 2009 $ Non-Current Assets Intangible Assets-Brand 9,268 Tangible

The following extract has been taken from the balance sheet of James Ltd. as at 30 September 2009 $

Non-Current Assets

Intangible Assets-Brand 9,268

Tangible Assets 15,024

Investment 856 25,148

Required Explained why an enterprise such as James Ltd. may have included purchases brands as non-current assets in their balance sheet.

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