Instructions Read the article Recognizing Assets by John Browne, CA Magazine, December 2008. Answer the following questions.

Question:

Instructions
Read the article "Recognizing Assets" by John Browne, CA Magazine, December 2008. Answer the following questions.
(a) What are regulatory assets? Which types of companies have these assets?
(b) What are the current accounting issues with respect to reporting and measuring these assets?
(c) Do these assets qualify as under IAS 38?
Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...