Intangible Assets | Amortization Expense | Asset Turnover | Financial Accounting | CPA Exam ch8 7

In this video, I discuss intangible assets. An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory
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[@rkm9253]

Hi farhat,please can you clarify one doubt
sales commission paid under asc 606,since it's a asset need to be capitalised , will it comes under the balance sheet NCA as "intangible asset "
Thanks in advance !!

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Om shanti de I am or