linx corporation internally develops an intangible asset with research and development costs of $10,000. how should linx report this $10,000?

Respuesta :

Linx corporation should report this as an asset for $10,000.

Intangible assets are any financial or non-financial items that cannot be handled directly. One that may be identified is a separable asset or one that derives from a contractual right or other legal right. Separable assets can be sold, donated, licensed, etc. Although an intangible asset doesn't physically exist, it nonetheless has a monetary value. It occupies a substantial space on the company's balance sheet and, over time, can bolster overall valuations. A tangible asset is real and has a finite amount of worth. Assets are shown first on the balance sheet. Your current assets (assets that are readily convertible to cash) are listed after your intangible assets on the balance sheet.

To learn more about assets: https://brainly.com/question/27972503

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