fictitious assets

Is A Fictitious Asset?

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Is A Fictitious Asset? In other words, fictitious means fake or not real, these are not assets at all but they show in financial statements. Expenses incurred in starting a business, goodwill, patents, trademarks, copy rights comes under expenses which cannot be placed any headings. Fictitious assets have no physical existence. Which is not a

Is Trademark An Asset Or Expense?

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Is Trademark An Asset Or Expense? An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory. Is trademark registration an asset or