One of the intangible assets that Shoppers describes in Note 17 is prescription files. It records these

Question:

One of the that Shoppers describes in Note 17 is "prescription files." It records these as assets when it purchases other pharmacies to operate under the Shop pers Drug Mart banner. Explain why the prescription files are considered an asset? Apply the asset criteria to answer.

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...