Question: question 4. pls give the answer according to the marks given. a. Define an intangible asset. (3 marks) b. An intangible asset can only be

question 4. pls give the answer according to the marks given. a.

question 4. pls give the answer according to the marks given.

a. Define an intangible asset. (3 marks) b. An intangible asset can only be recognised if it satisfies the following three qualities, which are identifiability; control; and future economic benefit. Briefly describe the three qualities mentioned above. (12 marks)

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