Explain the skills of the staff should be recognizeed

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Arab Limited is a company in the IT industry. The success of the company is built around software, which it has developed internally and for which a patent is registered as well as the skills of the staff that operates the software. Staff is required to give one month's notice of their resignation. Determine whether the patent and the skills of the staff are intangible assets.

Problem 1: Determine and explain whether the patent and the skills of the staff should be recognized as an intangible asset or not.

Reference no: EM132787165

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