QUESTION $4(5$ Marks$)$ A hunting licence was purchased by Tami $($Pty$)$ Ltd$,$ and the directors of the company are determined to recognise the licence as a physical asset as it is written on a paper. Do you agree with the decision made by Tami $($Pty$)$ Ltd$?$ QUESTION $5(10$ Marks$)$ A manufacturing machine was acquired by Lindiwe Limited which needs a specialised software in order to operate. Explain if the entity should recognise the software as tangible or intangible. QUESTION $6(10$ Marks$)$ With the aid of examples, explain what an intangible asset is$.$