How will an intangible asset which has been purchased from another entity be recorded?
a) as a revenue expenditure
b)as as liability
c) as a capital expenditure
d) as a gain on sale
Answer: C
How will an intangible asset which has been purchased from another entity be recorded?
a) as a revenue expenditure
b)as as liability
c) as a capital expenditure
d) as a gain on sale
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