Briefly summarize the accounting treatment for intangible assets , explaining the difference between purchased and internally developed

Question:

Briefly summarize the accounting treatment for , explaining the difference between purchased and internally developed .

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...