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Is Diva Bhd An Intangible Asset?

508 Words3 Pages

(a) Recipes from an international chef According to MFRS 138, identifiable, control and provide future economic to the company is the three qualities that can be recognized as an intangible asset. Diva Bhd can be receive expected future economic benefits from the vegetarian organic sausages recipes because the recipes can be recognized as an identified separately from goodwill. However, the recipes cannot be recognized as an intangible asset because Diva Bhd does not have control over the recipes because the recipes is from an international chef not their company own recipes, because of this reason so the company cannot receive any economic benefit from using the recipes. Since the company does not have legal rights to control over the chef action by give the recipes to the public. Therefore, the recipes cannot be capitalized. (b) A license to use a specialized computer-controlled oven According to MFRS 138, license to use a specialized computer-controlled oven can be recognized as an intangible asset. License is identifiable because it have legal rights protect to Diva Bhd when the company are registration so since the company has purchased the license so they have the power to control over and to receive the expected future economic benefit from the asset. A license is the person who …show more content…

Diva Bhd can receive the expected future economic benefit when the company selling the vegetarian organic sausages and prevent the competitor from selling the product because the trade name is identifiable that protect by the legal when the company have registration with the registration center. Besides that, the cost of trade name can be measured reliably when the company are confirm to purchase the trade name. Therefore, trade name can be

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